Tick all the Boxes
Make sure you’ve done all the checks needed to ensure you are happy with the property like building inspections, LIM reports. Often a couple of viewing of properties is needed to ensure this is the one!
Making an Offer
You’ve found the house you love and must have it! House buying is a lengthy process, don’t be disappointed if it doesn’t work out with the first house you find. You’ll need to make an offer in writing. If it has not been prepared by your lawyer, make sure they check it before you sign the dotted line.
Most first offers are ‘conditional’. This means you are making your offer subject to one or more conditions being met.
Conditions may include:
The seller may not accept your offer and could come back with a counter offer. This means they might want to raise the amount you’ve offered, or change some of the other things you’ve asked for. This may happen many times before you agree on the final price and terms, but make sure you stay within your budget. We will work with you, your solicitor and real estate agent to satisfy all the conditions within your finance approval (if any) and Sales and Purchase Agreement. Once all the conditions are met, the offer becomes unconditional.
Once you’ve agreed the sale price, settlement date and conditions, you’ll have an agreed period of time to get the reports and finance you need to allow the contract to go unconditional and be finalised. You will make the real estate deposit to the real estate companies trust account and this will be released to the seller when they are authorised. Neither the buyer of the seller can change their mind at this point.
You’ve probably packed the truck and ready to start moving in. Sometimes this can take a little while to happen. Your solicitor and real estate agent will contact you confirming the sellers solicitor has confirmed settlement has taken place and your keys are ready for pick up.