Tip 1 - Preparing for Buying a new home
"Don't fall in love with a property you can't have". Seek finance approval before you start looking at properties.
You will discover your :
- Buying Budget
- Deposit Situation
- Terms of a loan offer
Before discovering the right property we can arrange such approval for you click here. Identify Preferred Areas Prepare a short list of areas that suit your commuter conveniences, accommodation requirements and access to services you desire. Do Your Homework Research sales in your preferred area to gain first hand knowledge on 'market values' in the area. You should attend any 'open for inspection' in your preferred area and view every Auction. You should also collect valuable historical sales data when you can. Start a Real Estate Relationship Many new property listings are sold prior to reaching the advertising mediums. To be added to our database of buyers inspecting new properties within minutes of them coming on to the market subscribe to the Bell Newsletter. Keep Communication Lines Open Once you have established a relationship with a 'Bell Results Agent' ensure you provide them with all possible points of contact (Noting your preferred method ie. Mobile, after hours phone, fax, e-mail etc) Once a suitable property appears on the market, your Bell Agent can call, click or fax you with the property's details and arrange a 'Preview' inspection. Inspecting Property Ensure you allow plenty of time to inspect a property. Remember this will be 'the place you call home' for many years to come so do plan more than a 5 minute tour. Benefits of Planning Compare, review and evaluate what you are inspecting with past properties you know of. Or that have recently sold. This will assist you in your level of offering on the right home. Your agent is also a great source of this information! You've Found the Right Home….what's next? To secure your chosen property, you will need to make an offer. Your homework will help you to know the likely selling price. Your Bell Results Agent can also update you on the level of interest in the property from other buyers.
Key components of an offer are :
- Section 32 Vendors Statement.
- Contract Note.
- Preliminary Deposit (Held in Trust Account).
- The negotiation process.
Next >> Tip 2 - The Negotiation Process...
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