Buying Guide

1.  Before signing the Contract

Please let us review your contract before you sign it. We can check if there are any special conditions that can be included to give you more of what you want and to protect your interests.

2.  Once you have signed the Contract

Let us know that the contract has been signed and send us the original copy. We will review the contract, monitor the conditions, obtain the necessary searches, advise on whether you are entitled to any concessions, prepare the necessary transfer documentation and liaise with your financier to ensure a smooth transition to settlement.

Also:

 consider seeking an independent valuation

 pay the deposit as agreed

 get a cover note from your insurance company immediately

 book building and pest inspections, also consider whether electrical and pool inspections are necessary

 send a certified copy of the contract to your financier and talk to them about a loan, prepare/send all the documents they request

 call us if your finance approval is subject to major conditions (e.g. valuation or mortgage insurance approval)

 let us know once building/pest/other reports and finance approval have been received

 pay stamp duty/legal costs

3.  Pre-settlement

Arrange through the selling agent to inspect the property during the week pre-settlement. The seller must not have done anything to significantly alter the property that will result in latter expense to the buyer.

4.  Settlement

Settlement is the day that you take possession of the property, as stipulated in the contract. We attend to settlement on your behalf. It is not usual for the Seller or the Buyer to attend settlement. When settlement has occurred the agent will give you the keys. We will prepare the necessary documentation to notify the following entities about the ownership change:

 council

♦  other relevant government departments, such as the Titles Office and Commissioner for Land Tax

♦  body corporate (if applicable)

It is your responsibility to arrange for connection of:

♦  electricity

♦  gas

♦  telephone

Budgeting

Below is a simple guide that covers the main costs involved in buying residential property:

♦  valuation

 finance fees and charges: administration/application/valuation fees, stamp duty, registration fees on transfer and mortgage, mortgage insurance (if borrowing more than 80% of the property value)

♦  the deposit (generally 10%)

♦  insurance

♦  building/pest/other inspections

♦  council rates, sewerage and access charges and water

 body corporate levies (if applicable)

♦  removalist

♦  solicitor: contact us directly for an obligation free quote

icon-logoBefore Signing the Contract

icon-logoAfter Signing the Contract

icon-logoPre-Settlement

icon-logoSettlement

icon-logoBudgeting