Purchasing a property
You are not alone…
Throughout the process you may encounter various types of contracts, such as loan agreements and sales contracts. It is important to thoroughly review and comprehend all the terms, conditions, and fine print included in the document before you affix your signature. Several terms and conditions contained in contracts and agreements with sellers, agents and lenders are negotiable.
Ensure that any verbal agreements on terms or conditions are documented in writing within the contract or agreement, so you are aware of the commitment you are making before you sign. In case anything is unclear, do not hesitate to ask for clarification. If you remain unsure, it is advisable to obtain independent advice before signing.
It is recommended that you keep a copy of all the documents you have signed as a record. Buying property can be one of the most stressful financial decisions of your life.
We’ve got some tips for you!
Get pre-approved for a mortgage before starting your property search.
Do thorough research on the suburbs and property you're interested in.
Hire a professional and experienced conveyancing service to handle the legal aspects of the transaction.
Attend open houses and inspections to get a better understanding of the property.
Ask questions and seek advice from your conveyancing service, real estate agent, and other professionals involved in the process. Knowledge is power!
Negotiate the terms and conditions of the contract, including any repairs or improvements that need to be made.
Don't rush into making a decision - take the time to carefully consider all options.
Keep a record of all documents and contracts related to the purchase.
Plan for additional expenses such as building and pest inspections.
Be patient and stay positive throughout the process - buying a property can be a rewarding experience with the right approach.
