MONEY TALKS. Firstly consult your Lender or your Home Loan Broker to calculate your budget and the best loan to suit your needs.
DO YOUR HOMEWORK. Research the preferred suburbs and streets that suit your lifestyle or investment strategy, taking into account your affordability and accommodation needs and wants.
KNOWLEDGE IS KING. Research recent sales in those preferred suburbs and inspect several properties so you have a feel for the prices.
DEVELOP A RELATIONSHOP WITH AN AGENT who specialises in your preferred suburbs. Your Trinity Realty Sales Consultant will be able to provide you with any additional information you may need.
GETTING SERIOUS. When you find a property that you like and meets your requirements, ask your agent for a copy of the contract or to send a copy of the sale contract to your solicitor or conveyancer.
PEN TO PAPER. If you are considering making an offer, it must be in writing. We can guide you if you are in any way unsure of the process. Remember, in certain situations you may have to act very quickly to secure the property to prevent other purchasers from getting in before you. This may mean signing and exchanging contracts even before your solicitor can advise you, but note in these circumstances you will have a cooling off period to protect you.
‘CAVEAT EMPTOR’ - BUYER BEWARE. Your solicitor can arrange a pest and building inspection or strata inspection to ensure you are aware of any possible major defects and or issues. Also make sure that you check that all the inclusions and exclusions that are noted on the contract.
NO TURNING BACK. Following your solicitors advice on the sale contract and taking into consideration the inspection reports, you are now able to make an informed decision to proceed with the purchase of the property and exchange contracts unconditionally.
DONE DEAL. Once negotiations have been finalised, you will be required to sign the sale contract and pay (usually) a 10% deposit. Your deposit will be held in a trust account - either the agent or solicitor’s - until settlement.
ON SETTLEMENT DAY we recommend that you do a final 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 inclusions are as per the contract you signed.
HOME SWEET HOME!!