Buying Information
Information for Property Buyers
1. If necessary, speak with your Financier or your Finance Broker to arrange the best loan to suit your needs. Having your loan pre-approved can often enable you to buy the property at a better price. 2. Prepare a short list of preferred suburbs that suit your lifestyle, bearing in mind affordability and accommodation requirements. 3. Research recent sales in those preferred suburbs. Inspect every property in your preferred suburb so you have a feel for the prices. Attend all ‘Open Homes’ and Auctions in the area. 4. Develop a relationship with one of our professional team who specialise in your preferred area. Your Geoff Brand Real Estate Sales Consultant will be able to advise you of any additional information you may need and also inform you how you can register on our website to automatically receive notification of any new listings that hit the market. 5. When you find a property that suits your requirements, ask your agent to send a copy of the sale contract to your solicitor or conveyancer for their approval before you sign it. 6. If you are considering making an offer, we recommend that you contact your Geoff Brand Real Estate Sales Consultant promptly who can guide you if you are in any way unsure of the process. 7. You should arrange a building and pest inspection to make sure you are aware of any possible major defects. 8. Following your solicitor’s 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. 9. Once negotiations have been finalised, you will be required to sign the sale contract and pay a deposit. Your deposit will be held in a trust account until settlement. At settlement, contracts will then be unconditionally exchanged. In Queensland the negotiations are usually done in writing on a Contract, unlike in other States. 10. On settlement day it is advisable that you do a pre-settlement 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. Here you can view a complete Glossary of Real Estate Terms.
