(cooling off period)
- Obtain a home loan pre-approval and speak to your Bank or Local Finance Broker. We can guide you through this process if you need a hand.
- Start researching the market in the area you wish to purchase, speak to local agents, attend open houses, look at home price guides in your local paper and on line, look at the local services in this area to make sure they meet your current and future needs.
- Find your dream property, negotiate a price, ask your agent to send the proposed contract to our office so that we can review the Contract for you to make sure there are no pitfalls.
- Review the contract for sale and negotiate any amendments you wish to make.
- Order any reports you require such as pest, building, survey, strata reports and title insurance.
- Liaise with your bank to make sure your loan is approved before we exchange.
(unconditional – all parties are bound to proceed to completion)
- Make an appointment to see our Licensed Conveyancer to sign the Contract.
- Pay the deposit which is usually 10% of the purchase price by way of cash or deposit bond (if you need a deposit bond, we will arrange this for you).
- Ensure the contract is ready to be signed.
- Ensure any amendments have been made.
- Send the contract signed by you to the seller's solicitor to be exchanged and confirm with your Bank and the Agent in regards to exchange.
Post exchange leading up to settlement
(before we settle)
- Start organising to move from your old home to your new one (where applicable) including connection of electricity, gas and telephone.
- Arrange for your mortgage documents to be signed and sent to your lender.
- If you are a first home buyer, complete the First Home Owners Grant forms with your lender.
- Arrange for any surplus funds that you are providing for settlement to be cleared and waiting in your account to be drawn upon as directed by us.
- Arrange a final inspection of the property with the real estate agent for the day before settlement.
- Order and check all remaining searches.
- Advise you of any additional searches that may be required by your lender.
- Assist you to meet any requirements imposed on you by your lender ie: Building Insurance.
- Assist you to complete the First Home buyers stamp duty exemption forms.
- Liaise with lender to ensure they are prepared for settlement.
- Prepare settlement figures and book settlement with your lender and the seller's solicitor.
- Prepare a property transfer and arrange to have the Transfer and Contract for Sale stamped (stamp duty paid).
- Advise you and your lender of cheque details for settlement.
(the day you move in)
- Organise with the agent a time and place to collect the keys. Ensure the agent has keys to all locks including mailboxes, remote controls for garage doors and alarm codes.
- Attend settlement and ensure that all Title Documents are in order.
- Pay the settlement monies to the seller's solicitor.
- Contact you and the real estate agent to confirm that settlement has taken place.
(after you have moved in)
- Enjoy your new property.
- For purchasers without a mortgage, lodge the Transfer and Notice of Sale with the Department of Lands and then send you your Title Deed when it has been registered.
- Send you a final reporting letter.
- Retain your file for 7 years, making it easier for you to provide us with instructions when you decide to sell your property.
- Forward any payments to Local Government Bodies e.g. Council & Water Rates. Update the Strata Roll with the Body Corporate Manager if applicable.