Buying property is about the biggest financial commitment you’ll ever have to make.
However it’s also going to be an exciting turning point – one that will almost certainly make the most impact on your lifestyle.
For many it will be something never done before. Selecting the right home in the right area, organising finance and negotiating the sale – it all sounds a little daunting. Yet it isn’t as complicated as you may think!
First National Real Estate agents are trained to assist you to identify your priorities, helping you to find the property that best suits your needs and budget. The advantage of dealing with a network like First National is that your new property can be found by your agent, working in collaboration with thousands of First National agents nationally. All First National offices have technology links that will enable you to view a potential home on the other side of this city, in another state, or even another country.
1. Speak with your financier or ask us to put you in touch with one of our known finance experts to arrange the best loan to suit your needs, and find out how much you might be able to borrow.
2. Prepare a short list of features you would like in a home, such as location, beds & bath's required, bearing in mind affordability and accommodation requirements.
3. Research sales in your preferred area, by speaking to your First National agent and try to inspect some properties on the market so you have a feel for the prices.
4. Develop a relationship with one of our professional Sales Consultants who specialises in your preferred area. Your Sales Consultant will be able to advise you of any additional information you may need and also inform you of any new listings that hit the market before they are advertised.
5. When you find a property that suits your requirements, ask your agent to prepare a contract for sale or "Offer & Acceptance" document for you.
6. If you have any special conditions you wish to include, ask us to draft them properly for you. These often include pest inspections, or plumbing inspections, and we can organise and arrange them for you to make sure they are carried out by qualified tradesmen within the proper timeframe.
7. Following your solicitors or conveyancer’s advice on the sale contract and taking into consideration the building and pest reports, you are now able to make an informed decision to proceed with the purchase of the property.
8. Once negotiations have been finalised and you have agreed on a price and conditions, you will be required pay a small deposit to make the contract binding. Your deposit will be held in a trust account until settlement and is refunded to you if the sale does not proceed for any reason outside your control.
10. On settlement day it is advisable that you do a final inspection before settlement takes place. 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.
For more information about buying property, click here to request your free copy of First National Real Estate’s Home Buyer’s Guide.