1. Speak with your Financier or your Finance Advisor to arrange the best loan to suit your needs. Find out exactly how much you can borrow and get pre-approved.
2. Prepare a short list of preferred suburbs that suit your lifestyle, bearing in mind affordability and accommodation requirements within your budget.
3. Research sales in those preferred suburbs. Inspect every property in your preferred suburb so you have a feel for the prices. Attend all open homes in the area. Also research the community in regards to schools, cafes and transport etc.
4. Develop a relationship with one of our professional team who specialise in your preferred area. Your Sales Consultant will be able to advise you of any additional information you may need. BPRE have been selling properties in the lower north shore for more than 30 years and we would be more then happy to advise you and assist in any way they can.
5. When you find a property that suits your requirements, ask your agent to send a copy of the sale contract to you so you can pass it onto your solicitor or conveyancer.
6. If you are considering making an offer, we recommend that you contact your BPRE Sales Consultant promptly who can guide you if you are in any way unsure of the process.
7. Arrange a Pest and Building inspection to make sure you are aware of any possible major defects. If you are looking at purchasing a unit or apartment complete a Strata search so you can see their sinking funds and levies. It can be advisable to speak to council to see if there are any development applications to the immediate area around the property.
8. Following your solicitors or conveyancer’s advice on the sale contract and taking into consideration the building reports, you are now able to make an informed decision to proceed with the purchase of the property. Once you have found a property you wish to purchase it is time to make an offer on the property. The real estate agent will take your offer to the vendor. Normally negotiations continue until an offer is accepted by the owner of the property.
9. Once negotiations have been finalised, you will be required to sign the sale contract and pay a 10% deposit. Your deposit will be held in a trust account until settlement. At settlement (which generally takes six weeks), contracts will then be unconditionally exchanged.
10. On settlement day (or the day prior to) 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 inclusions are as per the contract you signed.