Buying Tips
PRIVATE TREATY
The first thing you must know is how much you can spend which must include items like stamp duty and conveyancing fees. Should you be unsure of this price then consult with a financing company to determine your borrowing capacity?
Once you have determined what this price is then start researching the value of properties that are in the suburb you wish to live in. Remember, sometimes values can vary considerably from one side of a suburb to the other and quite often the neighbouring suburbs can be substantially cheaper.
Ensure the suburb caters for all your requirements including schools, childcare and general facilities that you will require.Register in the “Email Alerts” section of our web site and enter your requirements and any new properties that become available are emailed through to you. When you have found a property that you are interested in, submit an offer via the agent either on a “Contract” or “Expression of Interest” form. If you have told the agent that you may be interested and have not put an offer forward you may find that the property is sold before you know it and you will miss out. Although all of our agents will contact everyone that has shown interest in the property, sometimes the interpretation of “interest” can vary. All offers can have conditions and we suggest that you consult with the agent that is selling the property to ensure these conditions are included in any contracts that are signed, for example, building inspections.
All Private Treaty sales are subject to a “Cooling Off” period which is two (2) clear business days from signing all “Contracts” and the serving of the “Form 1” forms
AUCTIONS
Auctions are conducted on an unconditional basis and remove “cooling off” rights. Although this may sound a bit scary if you have carried out all the research for normal “Private Treaty” scenarios then there is nothing to worry about. Any building inspections can be carried out prior to auction day so you also have peace of mind in this area and all your financing needs have been sorted out so you know how far you can bid to.
When bidding at auction, position yourself so the auctioneer or spotters can see you and announce your bids loud and clear.
There is no magic formulae for bidding at auctions, bid first, bid last, be secretive so know one knows who you are or be bold and loud standing right in front or wait until the death knock before putting your next bid in, at the end of the day the property will sell when it gets to the reserve price and that can either take a long time or a short time. We all know that the property will not sell for $100,000 below what anyone thinks it is worth so make your bids realistic and you will not be disappointed.
If the property does not reach the reserve the highest bidder has the first right to negotiate with the agent on purchasing the property after the completion of the auction and before any other potential purchasers that may have conditions are consulted, this is obviously the best place to position yourself.
GENERAL
For any other concerns or areas that you are not sure of please contact one of our Sales Associates who will gladly help you in with your endeavours.
Our associates will also help you with purchasing property whether it is “Private Treaty” or “Auction” even if it is not a property that is listed with us.
Sometimes it is nice to have someone on the inside working for you”.
NOTE:
PROPERTIES ARE ENTERED ON OUR OFFICE WEB SITE BEFORE THEY ARE ON THE COMMERCIAL WEB SITES WHICH ENABLES YOU THE FIRST OPPORTUNITY TO SEE THE PROPERTY.
REGISTER ON THE EMAIL ALERT SECTION OF THE SITE AND RECEIVE ALL PROPERTIES FITTING YOUR CRITERIA.