Buying Tips
As a buyer, it is essential to be well-informed and well-prepared when making a property purchase. The housing market is a temperamental one and buying trends and strategies can change or become obsolete at a moment’s notice.
LIV provides up to date, expert advice around the clock so you can ensure you are fully prepared to own a home.
That said, while the market constantly evolves, some things never change. Here are some fundamental tips for anyone looking to buy a home:
• Seek advice from your financial consultant on the most suitable loan options and pre loan approvals available.
• Shortlist your property criteria, including suburbs, number of bedrooms, number of bathrooms, accessibility, parking and budget.
• Research your shortlisted suburbs and attend as many open houses as possible to gain a feel for the local market.
• Procure a solicitor to review any sales contracts of interest.
• Pay careful attention to any housing contract you look over. Scrutinise every detail and don’t be afraid to question things.
• Once a contract of sale is signed you will be required to place a deposit, an agreed upon percentage of the sale price.
• There is generally a cooling off period of five business days which will allow the purchaser time to arrange any necessary inspections, certificates and loan approvals.
• If the purchaser’s solicitor has signed a 66W certificate this waives the purchasers right to a cooling off period.
• If the property is sold at Auction there is no cooling off period.
• We advise all purchasers to carry out a pre-settlement inspection.
