The fastest way to finding your perfect property is by creating a wish list and then sharing this with your agent.
Most importantly this should include approximate price range & internal or land areas, location of preference.
You should outline the minimum requirements for the number of bedrooms, bathrooms & car parking you require, alongside the aspect or view you prefer.
If your next purchase is for investment, then you should also discuss figures & structures with your accountant to suit your own personal needs. Start by creating a basic spreadsheet with repayments, rental income, outgoings and depreciation allowances if available.
You should also inform your agent if you are prepared to conduct minor updates or renovations of your new property.
Get your finance pre-approved. A common error is to set out looking for properties without having spoken to at least two different financiers.
Chat with your bank in the first instance, however lending is a competitive market, and there are many products that may be better suited to your specific needs.
If you would like an independent mortgage broker to provide you with a confidential, no obligation, second opinion, please click on 'Contact us'.
Be open and upfront with your agent about your thoughts and provide constructive feedback wherever possible.
At Wilson Property Agents we are here to help and the more information we have, the better chance we have of finding your perfect home.
Register on our website to receive new listings ahead of other buyers and be prepared to spend at least a few weeks looking around.
Don't be too disheartened when you are unable find the right place straight away. Looking for a property can be time consuming and even frustrating, but hang in there and remember your original wish list objectives.
Be flexible in your approach and see properties that your agent recommends, even if you are unsure.
Action equals results, so be prepared to make a decision when the right property comes along.
When you have found the right property you should ask to review the contract of sale.
Your solicitor will go through the document in its entirety prior to exchange, but it's worthwhile familiarising yourself with any special conditions, required completion date, tenancy details (if any) and the basic contract outline.
The next step is to submit an offer for the vendor's consideration, or if the property is scheduled for auction, then notify the agent of your intention to bid and submit the contract to your solicitor for review and make sure you get pre-approval on your loan.
Sometimes vendors are prepared to negotiate prior to auction, check with the agent as each particular property is different. All offers must legally be submitted to the vendor for consideration, so don't be shy, if you like the property but don't like auctions then you should consider making an offer.
If you are the winning bidder at auction you will be required to executed the sale contract at that time.
Remember to notify your mortgage broker or financier along the way of your buying status, this is particularly important of there are short completion dates or if you intend to submit an offer or bid on a property.
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