These are a few tips to aid in making your property purchase as easy as possible…
Define the areas that you wish to live in.
Prepare a list of your wants and must haves with regards to features of your new home. Keep in mind affordability.
Speak with your financier/bank manager or ask Ray White Drummoyne for their preferred list of mortgage consultants.
Choose a lender and obtain pre-approval, or take advantage of our inhouse Loan Market broker Liz Henderson.In addition, our office has access to our own personal Loan Market Broker, Liz Henderson. She has over 12 years experience offering our customers the highest level of service by navigating through 32 Lenders to find the best loan for their property investment, whether it be the new family home or part of a portfolio. Liz is proud to offer a free consultation service, to explain and show you how important it is to see what other lenders in the market can offer, besides your current lender. So, please feel free to contact Liz for an appointment, call her direct on 0410 464 547.
Research previous sales in your preferred areas and attend any auctions that may be of interest.
When you find a property that you are interested in, always conduct more than one inspection to learn about the things you missed the first time around.
Once you are satisfied ask the agent to send a copy of the contract to your solicitor.
Have your solicitor arrange for a building and pest inspection.
Once you and the seller have agreed on a price you will be required to sign a contract for sale and pay a ten percent (10%) deposit. Other terms such as the period of the contract can be negotiated.
To avoid missing out on that one special property you can always avoid a cooling off period and secure the property by having your solicitor include in the contract for sale a Section 66W certificate that waives your right to a cooling off period.
It is now time to notify your lender and finalise the loan documents.
After a two (2) week period from exchange of contracts your solicitor will ask you to pay the required stamp duty.
Confirm a time with your solicitor for completion and book a removalist.
Always request a final inspection of the property with the selling agent, on the day of settlement or the day prior.
Within a week of the settlement day arrange power and telephone connections, contents and building insurance and start to prepare a list for your change of addresses.
Finally, collect the keys from the agent and enjoy your new home.