Buying Information

3016_101208025515_731Buying Tips

INSPECTING:

  • Is it in good condition structurally?
  • Take the time to look at everything in the home.
  • Research the area you want to live in.
  • Open ovens, cupboards and move furniture.
  • Always do a drive past prior to arranging an inspection.
  • Choose location best suited for your needs.
  • Know your budget, or your finance capacity.
  • Do not raise your expectation by looking too early.
  • Be ready to sign a contract if this is the house you like.
  • Don’t always go by first impression.

3016_101208025516_928MAKING AN OFFER:

  • Always speak to the bank BEFORE making an offer.
  • Be reasonable with your first offer.
  • Be prepared to negotiate.
  • Always offer as close to the price you are prepared to pay, and have just one offer left in you.
  • Be aware that the price is not the only criteria for a successful offer.
  • Make agent aware of any specific conditions and terms of offer.
  • Don’t procrastinate on a popular property you may miss out altogether.
  • If subject to finance, know your limit.
  • Consider what you might need extra $ for stamp duty etc.
  • Request that your offer be put on contract.

NEGOTIATE THE CONTRACT:

  • Be willing and able to declare your best offer.
  • Be willing and able to pay deposit on signing.
  • Understand that it is the Vendors discretion to accept the offer or not.
  • Try to be flexible; it will help you offer.
  • Be firm, but (stet) listen to the reasoning for negotiation.
  • Make sure you know your financial capacity.
  • Always leave the agent with a copy of a contract until the contract is exchanged.
  • Don’t forget your expenses, ie: stamp duty and conveyancing fees.

COMMON MISTAKES:

  • Not believing the agent when he/she says it needs to be your best offer.
  • Not speaking with finance provider before making offer.
  • Expecting everything in the house to work when not previously checked.
  • Not asking questions.
  • Don’t expect to get too much $ off in work needed.
  • Consider your options – make a logical decision.
  • Offering low – offending the vendor.
  • Always research the property to your satisfaction before signing an unconditional contract.
  • Never make a decision based on armchair experts advise. YOU! Have to live in the house, so don’t miss out through third parties.
  • Trying to get a bargain instead of getting the house.
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