1. Know how much you can afford. Speak with your financier or your finance consultant to arrange the best loan to suit your needs. We happily recommend Richard Ferguson from Mortgage Choice Annandale who is very knowledgeable and helpful Click here
2. Workout what you want to buy. Prepare a short list of preferred suburbs that suit your lifestyle, bearing in mind affordability and accommodation requirements.
3. Do your real estate home work. Research sales in those preferred suburbs. Inspect every property in your preferred suburb so you have a feel for the prices. Attend all auctions and open homes in the area.
4. Seek real estate help and advice. Develop a relationship with one of our professional team who specialise in your preferred area. Your Babingtons Real Estate Sales Consultant will be able to advise you of any additional information you may need and also alert you to new listings before they reach external market via our Premium Tracker.
5. Get a copy of the contract. When you find a property that suits your requirements, ask your agent to send a copy of the sale contract to your solicitor or conveyancer for their professional advice on the details of the sale contract.
6. Arrange building & pest inspection. We recommend you arrange a building & pest inspection to make sure you are aware of any hidden defects or pest problems.
7. Make an offer. Following your solicitors or conveyancers advice on the sale contract and taking into consideration the building and pest reports, you are now able to make an informed decision to proceed with making an offer on the property through the agent.
8. Bidding at Auction. If you are bidding at an auction, we strongly recommend you read the Office of Fair Trading's "Bidder's Guide" before you attend the auction together with the following useful auction information. Click on the following infomation: a copy of the Bidders Guide, COOLEY AUCTIONS: Bidding at Auction Advice and auction proof of ID checklist
9. Deposit and exchange of contracts. Once negotiations have been finalised, you will be required to sign the sale contract and pay a 10% deposit. Your deposit will be held in a trust account until settlement. Settlement normally occurs in 6 - 8 weeks as per contract conditions.
10. Pre-settlement inspection of property. On settlement day it is advisable that you do a final inspection before settlement takes place. This is to ensure that the property is in the same condition as when you last inspected it, and that all inclusions are as per the contract you signed.
11. Settlement. Once settlement has taken place you now the owner of the property and keys are now available for collection from the agent. Congratulations.
If you need any assistance or advice in regard to real estate please contact us on 9552 4888.
