Searching a property for sale Australia wide? Wondering how to make the offer? Each state and territory may have its specifics but there are some steps that are more general and apply almost everywhere
So you have found your dream home and you want to make an offer.
You think that the real estate prices might go up and you rush.
Price is important but there are other things that are even more important.
Get everything right with your future home so that you don't have any buyer's remorse.
Before rushing, here's what to do:
You have a 5 days cooling off period to make sure that you:
You can try to negotiate a longer time to take your decision. Ask the agent to talk to the vendor. They may agree. Or not.
During the cooling off period, if you change your mind for any reason, including the fact that the inspections indicated that the house was a dud, you lose your initial 0.25% deposit.
Once you contact your legal adviser, you can leave the process to them. Your adviser will explain to you everything you must know about the contract and the settlement date, which is the date when you set foot in your new home.
Usually the settlement is after 6 weeks, unless you negotiate a different date.
Your presence is not required when the property settles. Everything happens between the legal representatives of the buyers and sellers and the bank.
Wait for the phone call from your conveyancer to tell you that all the signatures have been placed on the right documents. Then collect your new keys from the real estate agent.
And...there's one more thing to do: invite your friends for your house warming and let the champagne flow.
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