KNOWING AND SETTING YOUR BUDGET
Speak to your bank or enlist a broker to determine what you can afford and enquire about pre-approval.
DECIDING WHAT YOU WANT IN A PROPERTY
Compile a list of features you are hoping to find in a property. This will include location.
GETTING TO KNOW THE MARKET
THIS IS THE FUN PART! Talk to one of our agents, search websites and register to property alerts for properties that fit into your budget and have the features you are looking for, attend open inspections. Drive around the areas you are interested in. Our Sales Team is here to help you find the property that best suits your needs.
MAKING AN OFFER
Once you have found THE ONE our agent will require you to make an offer in writing. This formal offer will then be presented to the seller. Not only the price will be presented but also the conditions of your offer including finance approval, building and pest inspections, sale and / or settlement of another property.
NEGOTIATING THE OFFER
Once an offer is received the seller can do one of three things, ACCEPT, REJECT OR COUNTER OFFER. This is called the negotiation phase. Our sales agent will negotiate a price where both you and the seller are happy to proceed.
CONTRACT AND FORM 1
Once the seller verbally accepts an offer and its conditions a contract is then signed by both parties. The Form 1 (Vendors Statement) is served to the purchaser who will then have two clear business days cooling off period. On the day after the cooling off period expires a deposit is paid.
We then focus on the purchaser meeting the conditions of the contract and work with a conveyancer to work towards settlement.
This is the day that the conveyancer will prepare and complete the transfer of sale! Congratulations!
The Real Estate Institute of South Australia is the peak body for the Real Estate Industry and information relating to the process of buying and other information can be found at the following link: