Make an Offer

What to expect as a Buyer

Buying a home can be a complex and time consuming process. Even before you make the ‘big decisions’ about which property to buy or which home loan to select, there are many other important decisions you will need to make. Doing some homework can help you avoid potentially expensive mistakes.

You are more likely to make the right choices if you know what you want and are informed about your options so shop around for the best price, refuse to be hurried into a decision, take your time, read everything before you sign and ask questions.

You will not usually pay for the services of an agent, unless specifically employing a buyers advocate. Buyers will generally deal with several agents, depending on who is handling the sale of the properties in which they are interested in. They may also leave their details with one or a number of agents indicating the type of property they are seeking and an approximate price range. The agent can then notify them directly when suitable properties become available.

A buyer can generally expect an agent to:

  • Take the buyers details and provide advice about relevant properties for sale
  • Answer questions about listed properties
  • Arrange inspections
  • Communicate offers to the seller
  • Organise the signing of the contract

Buying Tips

1. Speak with your finance advisor or bank to arrange the best loan to suit your needs.

2. Make a list of what you absolutely must have in a property so that you don’t get carried away and buy something that looks great but doesn’t have what you really need.

3. Make a ‘wish list’ so that these desired but non essential items can be factored into your decision making when you find them in a property within your price range.

4. Prepare a short list of preferred areas that suit your lifestyle. Keep in mind affordability and accommodation requirements.

5. Research sales in those preferred areas. Inspect every property in your preferred area so you have a feel for the price. Attend all auctions and home opens in the area. Ask an agent for guidance and any information they can provide.

6. Develop a relationship with a Sales Agent specialising in your preferred area. The agent will be able to offer additional advice and also alert you to new listings before they reach the market.

7. Once you have found a property and negotiations have been finalised, you will be required to sign the sale contract and pay a deposit. Your deposit will be held in a trust account until settlement.

8. Your agent will send a copy of the sale contract to you and your solicitor or conveyancer.

9. We recommend that you arrange a building and pest inspection to make you aware of any major defects and pest concerns eg: white ant, termites.

10. A week prior to settlement it is recommended that you have a pre-settlement inspection. This is to ensure that the property is in the same condition as when you last inspected it and that all the inclusions are as per the contract you signed. All gas, plumbing and electrical should be in good working order.