1. Be prepared
Speak with Roberto Perez who can organise a pre approval Home Loan with an Authorised representative of the Commonwealth Bank of Australia to determine your budget and arrange the best loan to suit your needs.Make sure your ready to act when you find the right property!
Speak with Roberto Perez who can organise a pre approval Home Loan with an Authorised representative of the Commonwealth Bank of Australia to determine your budget and arrange the best loan to suit your needs.Make sure your ready to act when you find the right property!
2. Plan your purchase
Prepare a short list of preferred areas that suit your lifestyle or investment objectives, as well as a list of essential property features and desirable extras. Keep in mind that most buyers end up making some sort of compromise, so having a planned approach and focusing on what’s really important will help you to make the best decision.
3. Know the market
Inspect as many properties as possible in your preferred area to get a feel for market prices. You can increase your market knowledge by researching recent selling prices using the Recent Sales and Suburb Profiles Realistic Real Estate these can be requested FREE of charge by calling our office on 02-95683135 or by emailing realservice@realistic.com.au,or by purchasing from information providers such as RPData.
4. Seek expert advice
Develop a relationship with Roberto or Yani from Realistic Real Estate. We welcome the opportunity to assist you with your search, as well as being able to offer additional advice and alerting you to new listings before they reach the media.
5. Understand your rights
Obtain a copy of the Office of Fair Trading’s “Buying or selling a home” factsheet to better understand your rights as a buyer, and if you’re planning on bidding at auction, we recommend you read the Office of Fair Trading's "Bidder's Guide" before you attend the auction.These are available from from the Office of Fair trading website,or Yani or Roberto can also organise a copy for you
6. Check the sales contract
When you find a property that suits your requirements, ask your agent to send a copy of the sale contract to your solicitor or conveyancer.It is recommended that you read through the contract to get familiar at least on what it is composed of.Roberto or Yani can give you an overall and simple explanation as a guide
7. Arrange Building & Pest Inspections
We recommend that you arrange a building and pest inspection to make you aware of any major defects and pest concerns eg: structural defects or termite activity.Realistic can offer you a list of preferred service providers.
3. Know the market
Inspect as many properties as possible in your preferred area to get a feel for market prices. You can increase your market knowledge by researching recent selling prices using the Recent Sales and Suburb Profiles Realistic Real Estate these can be requested FREE of charge by calling our office on 02-95683135 or by emailing realservice@realistic.com.au,or by purchasing from information providers such as RPData.
4. Seek expert advice
Develop a relationship with Roberto or Yani from Realistic Real Estate. We welcome the opportunity to assist you with your search, as well as being able to offer additional advice and alerting you to new listings before they reach the media.
5. Understand your rights
Obtain a copy of the Office of Fair Trading’s “Buying or selling a home” factsheet to better understand your rights as a buyer, and if you’re planning on bidding at auction, we recommend you read the Office of Fair Trading's "Bidder's Guide" before you attend the auction.These are available from from the Office of Fair trading website,or Yani or Roberto can also organise a copy for you
6. Check the sales contract
When you find a property that suits your requirements, ask your agent to send a copy of the sale contract to your solicitor or conveyancer.It is recommended that you read through the contract to get familiar at least on what it is composed of.Roberto or Yani can give you an overall and simple explanation as a guide
7. Arrange Building & Pest Inspections
We recommend that you arrange a building and pest inspection to make you aware of any major defects and pest concerns eg: structural defects or termite activity.Realistic can offer you a list of preferred service providers.
8. Submit your proposal proposal to purchase
Following your solicitors or conveyancers advice on the sale contract, and taking into consideration the building and pest reports, you are now able to make an informed decision to proceed with a proposal to purchase the property through the agent.If this is an investment property,then you would also take into consideration the Return on ivestment by calculating the ROI.Roberto and Yani can provide you with a speadsheet that will give you estimated ROI.
9. Exchange Contracts
Once negotiations have been finalised, you will be required to sign the sale contract and pay a 10% deposit which will be held in trust until settlement. The vendor will sign their copy of the sale contract, and the solicitor/conveyancer or agent will ‘exchange’ the contracts.
Note: It’s important to be aware that up until the ‘exchange’ has taken place, agents are legally obliged to submit all proposals from other buyers to the vendor, and there is a risk that the property could be sold to someone else.
10. Settlement
On settlement day, your solicitor or conveyancer may request that you have a pre-settlement inspection before settlement takes place. This is to ensure that the property is in the same condition as when you last inspected it and that all the inclusions are as per the contract you signed.
Upon settlement, monies will be transferred to the buyer, and you will receive the keys to the property. Congratulations your dream can come true with Realistic! We at Realistic Real Estate will offer recently purchased investment property 2 months free Property Management Call us on 02-95683135 to find out moreFollowing your solicitors or conveyancers advice on the sale contract, and taking into consideration the building and pest reports, you are now able to make an informed decision to proceed with a proposal to purchase the property through the agent.If this is an investment property,then you would also take into consideration the Return on ivestment by calculating the ROI.Roberto and Yani can provide you with a speadsheet that will give you estimated ROI.
9. Exchange Contracts
Once negotiations have been finalised, you will be required to sign the sale contract and pay a 10% deposit which will be held in trust until settlement. The vendor will sign their copy of the sale contract, and the solicitor/conveyancer or agent will ‘exchange’ the contracts.
Note: It’s important to be aware that up until the ‘exchange’ has taken place, agents are legally obliged to submit all proposals from other buyers to the vendor, and there is a risk that the property could be sold to someone else.
10. Settlement
On settlement day, your solicitor or conveyancer may request that you have a pre-settlement inspection before settlement takes place. This is to ensure that the property is in the same condition as when you last inspected it and that all the inclusions are as per the contract you signed.