Speak with your lender or Mortgage Broker to arrange the best loan to suit your needs. It may be prudent to factor in various scenarios’ to comprehend future movements in bank interest rates.
Arrange a pre-approved home loan with your lender or through your Mortgage Broker prior to looking at properties.
Prepare a short list of preferred suburbs that fit your lifestyle, bearing in mind affordability, transport links, social infrastructure and your future accommodation requirements.
Research sales in your selected suburbs, check the internet daily, short list properties and inspect as many as you can.
Develop a relationship with local Real Estate Agents who specialise in your selected area.
Samian Property Group will be able to advise you of any additional information you may need and also inform you how you can register on our website to automatically receive notification of any new listings that hit the market.
When you have found the home that meets your requirements you need to decide on the amount you are going to offer. An offer is made on a form “Contract For Sale Of Land Or Strata Title By Offer And Acceptance”
If your offer is subject to finance you will need to fill in the finance clause if you are a cash buyer you need to endorse the offer that the finance clause is not applicable.
Before making an offer on a strata title property the agent must disclose to you all the strata information outlined in Forms 28 & 29 (this documentation will form part of the contract).
Special conditions can be added to the offer such as a building inspection, timber pest inspection etc.
You will be required to pay a deposit, generally within 7 days of acceptance of the offer which will be held in trust until settlement.
In Western Australia once your offer has been accepted there is no “cooling off” period.
You need to engage a Settlement Agent (Conveyancer) and endorse their details on the offer.
Ask the Agent about the Certificate Of Title and whether there are any restrictions on the use of the property for instance an easement, a restrictive covenant or a caveat.
In the event that there are multiple offers on the same property you may not get a further opportunity to amend your offer price therefore you need to initially present your best price.
When the Real Estate Agent presents your offer to the seller the seller has three options: to accept your offer, to reject your offer or to counter your offer
Prior to settlement you are entitled to inspect the property to ensure that it is in the same condition as when you last inspected it and that all electrical, plumbing items are in good working order.