Buying Real Estate
Buying real estate is about the biggest financial commitment and decision you will ever have to make. However, it is also an exciting turning point, one that will almost certainly make the most impact on your lifestyle.
For many it will be something never done before. Selecting the right property, in the right area, organising finance and negotiating the sale – it can be a little daunting. Yet it is not as complicated as you may think and there are many ways our sales agents can help.
What kind of home are you looking for?
The first step is to decide what kind of home will suit your tastes and lifestyle. Establish family priorities – don’t forget to include the kids in the discussion! Anticipate potential changes in lifestyle: size of family, job changes etc. Consider extracurricular activities and school when choosing your new home.
What can you afford?
Establish the price range you can afford – even before you start looking at homes, our agents can help by assisting you to determine both your priorities and potential price range.
Start hunting!
Prepare a short list of your preferred area that suits your lifestyle, bearing in mind affordability and your requirements. Research sales in those preferred areas. Inspect every property in your preferred area so you have a feel for the prices. Attend all open homes in the area.
You’ve found it…
Offers to purchase may be made in two ways – unconditional (commitment to buy the house as listed at the price agreed) and conditional (you will buy if certain conditions are met, e.g; subject to finance/builders report).
What happens on settlement day?
Typically:
- The lender authorises payment of the loan, and payment is made to the vendor;
- You receive a signed transfer of title deed and your solicitor or bank will arrange the required documentation
- You are given the keys and the house is yours!
For information on home loans, what you should do at auction, essential checklists and worksheets and understanding technical and legal terms.
Buying property is about the biggest financial commitment you’ll ever have to make.
However it’s also going to be an exciting turning point – one that will almost certainly make the most impact on your lifestyle.
For many it will be something never done before. Selecting the right home in the right area, organising finance and negotiating the sale – it all sounds a little daunting. Yet it isn’t as complicated as you may think!
Our agents are trained to assist you to identify your priorities, helping you to find the property that best suits your needs and budget. The advantage of dealing with a network like First National is that your new property can be found by your agent, working in collaboration with thousands of First National agents nationally.
For more information about buying property – Click here for a copy of our FREE Home Buyers Guide
Altermatively, our friendly real estate sales team can assist you with any enquiries – Click here to contact us today.
