Buying

At some point in our lives, most of us buy our own home. Whether you're a first time buyer or a seasoned hand, it's a stressful time. You can keep the stress down by being well organised, honestly advised and purchasing through an agent who genuinely cares. Here are some pointers to buying your own home.

Finance:

Arrange finance well in advance. We're more than happy to assist you to arrange finance through a recognised broker or lender should you require.

Location:

Write down the suburbs you'd like to live in (but be realistic about the price). Also think about school zones, transport, proximity to your employment and how close it is to the things you like to do for relaxation.

Research the cost of the property:

What are house prices like in the places you want to live? Daken & Daken Real Estate can give you answers. Look through as many properties as you can and attend as many auctions as you can. You'll soon have a good idea of what to expect to pay.

Seek advice from the experts:

Develop a relationship with a Daken & Daken Sales Consultant specialising in your preferred suburb. Not only can they give you good advice, they can also alert you to new listings before they are publicised.

Due Diligence:

Once you find a property you want to buy, ask for a copy of the Sale Contract and Form 1 and arrange for a building inspection to highlight any major defects the property may have.

Considerations when bidding at auction:

If you are bidding at auction, you will need pre-approved finance and will be required to pay a 10% deposit on the day if you win. Final settlement dates are generally around 30 days after the auction.

Considerations when buying by private treaty:

If you are buying by private treaty, you will be required to sign the sale contract and pay a deposit at the expiration of the cooling off period.

Prior to settlement:

Between the time you enter into a binding contract and settlement day, you can ask for a pre-settlement inspection. This is to ensure that the property is in the same condition as when you last inspected it, and that all the chattels included in the contract are still in place.