Buying a home can be a daunting process.  There are typically many moving parts and people you need in your corner.  It is essential that you have a great team on your side.  At the heart of the team is your Conveyancer.  

Your Conveyancer acts only in your best interests and brings the other property professionals together to make sure that everything is done to ensure a smooth, trouble free settlement experience.

The process to purchase real estate is as follows:

Work Out Your Needs – Do you need a big family home, a rural property or a small apartment?  Think about the things that are important to you know and into the future.  Consider access to public transport, roads, health and community infrastructure, schools, jobs, shops and entertainment precincts.  Make a list of the things that you must have, those that you would like to have and those not that important to you

Do Your Research – Check out the types of property that you are interested in and the area that you would like to buy.  Good sources of information are realestate.com.au and domain.com.au.  Filter search results for recent Sold prices and check on available listings.  Speak with property experts such as Real Estate Agents, Finance Brokers and Conveyancers for advice.

Know your budget –   Analyse your income and expenditure.  Work out the repayments that you can afford.  Factor in the effect of possible interest rate rises on your calculatons.  Speak to a Finance Broker or Lender to get an idea of your borrowing power.  Apply for pre approval. 

Identify and Inspect Properties For Sale – Attend Open For Inspections and find the right property for you that is in your price range

Get the Paperwork Checked – Our company believes strongly in protecting the interests of our customers.  We offer free Contract Reviews to check and make sure our clients are aware of what they are signing.  Send the Section 32 Vendors Statement and Contract of Sale to us and we will conduct a review of its contents and provide a written report to help you understand what you are signing.  Frequently, we will suggest amendments to the Contract so that your interests are protected.

Sign the Contract and Pay the deposit – Once all parties have negotiated a fair outcome, it is time to sign.  A Contract of Sale is a legally binding document that has serious implications if it is breached.  Typically, contracts will specify a 10% deposit payable upon signing and settlement within a certain period of time.  This is all negotiable,  Your Conveyancer can help you structure your offer so that it meets your needs.

Finance – As soon as you sign the Contract of Sale, it is time to lodge and finalise your finance application.  Banks and Lenders are the major source of delays and costs in the real estate transfer system.  Banks and Lenders need to be constantly followed up and their progress monitored.  A diligent and experienced Finance Broker or Banker is essential.

Conveyancing – Your Conveyancer will be busy getting ready for settlement and working on your behalf.  Some of the things that your conveyancer will be focussed on are:

– Investigating the property, the Vendors right to sell, any Notices or factors impacting upon the property

– Hleping you with Building and Pest Inspections

– Monitoring your finance application

– Organising Stamp Duty Assessments

– Verifying Identity

– Taxation, GST and Duties

– Transfer documents and requirements

– Liaising with all of the parties to bring them together for settlement

– Notify authorities of the change of ownership 

Settlement – On Settlement day, your Conveyancer will liaise with your lender, the Real Estate Agent and the Vendor and their lenders to ensure that Settlement is achieved.  Once Settlement occurs, we notify all parties, our clients, the Real Estate Agent and Finance Broker.  You generally collect the keys from the Real Estate Agent and move in!!!