The five basic steps to acquiring a property.
1. Arrange your Finance
Organising your finance is the first step when considering buying a property. Find a bank or other financial institution you feel comfortable with and talk to them about your options. Finance considerations include the required deposit, the different types of loans, the borrowing conditions and loan flexibility. Finally, remember to factor in legal fees, stamp duty and loan application fees as these can add up.
2. Find your Property
Neville Richards staff are always happy to assist you with your property search. A good place to start is at our Open for Inspections where you will get a feel for the current market and understand what you can afford. Our website has a comprehensive list of our properties for sale and you can register with premium tracker, our online early alert system, which will inform you of new properties as they are listed.
3. Arrange an Inspection
Speak to a Neville Richards property consultant to arrange an inspection of those properties on your short list. You should read the Vendor's Statement (Section 32) which will reveal important details about the property such as rates, charges and the conditions of sale.
4. Make an Offer
In the case of a private sale making an offer is the next natural step in the process of purchasing the property. At auction, purchasers compete to buy the property in a public forum and the property is sold to the highest bidder above the vendors reserve. An offer can be made prior but it is the vendors decision whether to continue to auction or sell prior. Neville Richards staff are more than happy to guide you and provide advice when you are ready to purchase.
5. Purchase the Property
Once agreement has been reached through private sale or you are the successful purchaser at auction you will be required to sign the Contract of Sale and pay a deposit. The process is finalised when the contracts are signed by the vendor and any conditions of the contract are met.