BUYING
A home is one of the biggest investments you’ll ever make. You have to make informed decisions even before you start house hunting. How much can you afford? Where do you want to live? What are your options? There are many questions to answer and possibilities from which to choose. Then there is the big job of looking at homes that fit your criteria and budget, followed by making an offer, negotiating with the seller, up until all conditions are met and you’re ready to move into your new home. Sounds like a lot of work? It is, but not when you have VZ Real Estate assisting you every step of the way.
Buyers Tips
- Finance
- Area Research
- Perferred Agent
- Offers & Negotiating
- Building & Pest Inspections & Caluses
- Buying at Auction
- Settlement day – the deal done!
Finance
Speak with your preferred financier or Astute East Brisbane to obtain your loan capacity & arrange the best loan to suit your needs.
Area Research
Prepare a short list of preferred suburbs
that suit your lifestyle. Keep in mind affordability, accessibility and accommodation requirements
Research sales in those preferred areas using local property guides. Inspect every property in your preferred area so you have a feel for the price. Attend all auctions in the area.
Offers & Negotiating
When you find a property that suits your requirements, meet with your agent and be prepared to put your offer on a contract. This is the best indication of your seriousness as a buyer to the seller. At this point you may also want to put in clauses that suit your needs – however remember ‘the cleaner the contract-the better chance of great price’
Once negotiations have been finalised, you will be required to sign the sale contract and pay a deposit. Your deposit will be held in a trust account until settlement.
The vendor will sign their sale contract and the solicitor/Conveyancer or agent will exchange the contracts.
Building & Pest Inspections & Causes
We recommend that you arrange a building and pest inspection to make you aware of any major defects and pest concerns eg: white ant, termites.
Your agent will liaise with you through the clause period however it is important that any changes or requests you require go through the solicitors once the contract has been signed and agreed upon
Buying at Auction
If you are bidding at an auction, we recommend you read Niel Jenmans book “Real Estate Mistakes”. You can find a copy at http://jenman.com.au/?s=auctions
Settlement day – the deal done!
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.