STEP 1 Meet with your finance consultant or banker to determine how much you would like to spend on a property.
STEP 2 Contact one of our expert agents to discuss your needs in a home, this will assist the agent in helping you identify suitable properties.
STEP 3 When you have found some properties that you like, you can investigate which of them you like.
STEP 4 Attend the Open Homes and feel comfortable with the property and its local area.
STEP 5 If you are interested in a property, You may wish to have one of our agents or your own solicitor explain the contract for you if you are unsure.
STEP 7 Decide what you feel the property is worth and talk to your agent about making an offer. Your agent will then contact the seller and discover whether the seller will accept your offer.
STEP 8 If the seller decides not to accept your offer, they could either make a counter-offer of a different amount, alternatively, you might like to increase your offer. Your agen can assist you with preparing the paperwork.
STEP 9 If the seller accepts your offer, or you accept a seller's coutner offer, all parties will sign the contract and the contract is formed at that time. An initial deposit may be due at this time and your agent will hold this in their trust account.
STEP 10 If you have decided to have a building and pest condition or a finance condition on the contract, these will need to be organised by you within the time specified on the contract.
STEP 11 A balance of deposit may be due - this will need to be paid by the due date. It will be held in your agent's trust account.
STEP 12 Your Solicitor will advise you when the property has settled. Once this has occurred, your agent will be able to give you the keys and the property is yours.
STEP 13 Move in and enjoy!
Buying a Property by making an Offer
How to buy Property at Auction
STEP 1 Arrange a meeting with your bank or finance consultant so that you know what you can afford and so your finances are ready for you to bid on a property that you like.
STEP 2 Contact your agent to discuss your needs in a home, this will assist the agent in helping you achieve your goal of buying a home.
STEP 3 Get a feel for the process by attending the open homes of these properties and attend other auctions prior to bidding.
STEP 4 Decide which property it is you want and get as much information as possible from your agent about the property.
STEP 5 If you are interested in a property, ensure you obtain a contract of sale (available from your real estate agent).
STEP 6 You may have a solicitor check the contract for you if you are unsure. Your solicitor may also recommend different reports be conducted (such as building and pest inspection reports if you decide to get one).
STEP 7 Decide how much you are prepared to spend on the property. What it is the maximum you are prepared to bid? Mentally setting your maximum bid can stop you from spending more money than might be reasonable.
STEP 8 Once you have found the property you wish to bid on, you will need to arrange a deposit, the standard deposit required for properties bought at Auction is 5% of the purchase price. A deposit bond is sometimes acceptable as an alternative. Changes to this deposit have to be agreed upon by the seller prior to the Auction, consult your agent if this is the case.
STEP 9 Register to bid either by contacting the agent prior to auction or as you arrive at the auction. If you cannot make the auction you can authorise someone to bid and sign on your behalf. See your agent for more information.
