Buying and Selling
Buying or Renting?
Although in the short term there are fewer expenses associated with renting, in the long term it is far more beneficial to purchase a property. Capital appreciation over the years creates an asset far greater than any savings that you may gain from renting.
Buying Established or Building?
The majority of homebuyers tend to purchase established homes as they are able to see exactly what they are buying and the total costs are known from the outset. Although building may allow you to create the home of your dreams, be aware that there can be many costs in building which may not be included in your mortgage loan and there could also be delays in construction due to unforeseen circumstances.
Can You Afford to Buy Now?
We would suggest that you consult with a Mortgage Broker. This is a free, no-obligation service which may save you money and heartache in the long term. It is suggested that you should compile a budget to ensure that your income supports your financial commitments.
Why Enlist the Services of a Buyers’ Agent?
This service is offered free of charge and can make the process of purchasing a home much easier. A buyer’s agent will be able to find homes that suit your needs, arrange appointment to views these homes and complete all of the necessary documentation for the purchase of a property.
How to Find the Right Home?
You must decide on the criteria for a home that will best suit your needs. Criteria may include: preferred price, suburbs, dwelling type and number of bedrooms, bathrooms etc… Lifestyle factors should also be considered. Your Agent can guide you to properties that meet your requirements.
What Happens Once You Have Found A Property?
Once you have found a suitable property, your Agent will complete a written Offer and Acceptance form with you. This form includes the purchase price you are offering, finance details, deposit details, your nominated Settlement Agent, a preferred settlement date and any other conditions of purchase. Your offer is then presented to the Vendor(s) for consideration. It is the responsibility of your Agent to fully explain all clauses contained in the contract. It is also a requirement of the contract that Vendors and Purchasers are provided with copies of all documents relevant to the sale of the property.
How Do You Know What Is A Reasonable Price?
If you have viewed a number of properties with similar characteristics in a similar area, you will be able to compare values. You should also be guided by your Agent who will apply their market knowledge.
What Happens From Sale To Settlement?
Once the contract has been finalised you will be dealing with both your Real Estate Agent and the Settlement Agent. If you do not have a Settlement Agent in mind, Stocker Preston can highly recommend the services of both Irdi and Dunsborough Settlements. Your Real Estate Agent remains in contact with you from sale to settlement, ensuring all requirements of the contract are met within the allowed time frame. Your Settlement Agent is responsible for legally transferring property ownership from one party to another. Please refer to our “Settlement Guide” for detailed information on the role of a Settlement Agent. Your search for a new family home or an investment property should be an exciting and enjoyable one. It is wise to enlist the services of a professional to help with the process. The highly trained Sales Representatives at Stocker Preston can save you time and money.