Your Buying Guide

Buying a property, regardless of whether it happens to be your very first, second, or an investment, can be daunting so we've put together a Buying Guide which essentially works as a step-by-step checklist of all the things you'll need to do to successfully get the property you want.

Arranging a mortgage

Ideally, before you start looking, it's important to arrange your finances and, if you can, have a mortgage agreed in principle. Once you know how much money you will have, your property search becomes much simpler.

Register your interest

Let us know what you're looking for by either calling us on 9488 1888 or visiting our office to discuss your property requirements. You can also register your interest about a specific property online if you are short of time by clicking here.

Finding the right property

Once we know what you want we will contact you with any property that matches your criteria and advise you when other properties become available.

Making an offer

You may be asked to submit your offer either verbally, in writing via email or by signing a contract of sale. Be sure that you detail any conditions you wish to place on your offer which may or may not be acceptable to the seller. Some banks will require you to make your offer subject to finance but it is worth remembering that auctions do not allow this condition nor do they have a Cooling Off Period. You should consult with your legal representative if uncertain before proceeding to make an offer.

Instructing a solicitor

At this point it's a good idea to use an efficient and experienced solicitor who knows the area that you're moving to and specialises in conveyancing. We are happy to recommend tried and tested solicitors that are experts in property who our clients have employed previously.

Offer agreed

Once your offer has been accepted you will be called upon to sign a formal Contract of Sale which is legally binding and pay the deposit detailed in the contract, usually 10% of the sale price. All the terms and conditions agreed should be included in the Contract. Once signed by all parties, copies will be forwarded to each person’s legal representative and you should arrange for a copy to be available to your financiers.

Conveyancing

Once your legal representative has received a copy of the signed Contract of Sale they will commence the procedure of conveyancing and you will be instructed by them of the procedure that fits your purchase and intention for the property.

Pre-settlement inspection

Within the week of settlement day we recommend 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.

Completion

Completion is when the residual monies (usually 90%) are transferred from your solicitor to the seller's solicitor's account. We will release the keys once the money has cleared in the seller's account.

Congratulations, now all you have to do is move in!

If you are in the market for a new home, the friendly staff at Harrington Earl are here to help. Call 9488 1888.