- Speak with your Bank or Mortgage Broker to arrange the best loan to suit your needs. Obtain Pre-Approval of finance to assist in your search of property, knowing what you can afford to spend will be of great benefit when looking at a property available for purchase.
- Prepare a short list of preferred areas that suit your lifestyle, bearing in mind affordability and accommodation requirements.
- Research sales in those preferred areas. Inspect every property in your preferred areas so you have a feel for the prices. Attend all open homes in the area.
- Develop a relationship with the agent. Your sellbuyrent Sales Consultant will be able to advise you of any additional information you may need and also inform you on how you can register on our website to automatically receive notification of any new listings that hit the market.
- When you find a property that suits your requirements, ask your agent to send a copy of the vendor statement for review.
- If you are considering making an offer, we recommend that you contact your sellbuyrent Sales Consultant promptly who can guide you if you are in any way unsure of the process.
- On acceptance of your offer, liaise with the selling agent to coordinate building and pest inspections to make sure you are aware of any possible major defects.
- You will be required to sign the sale contract and pay a 5% or 10% deposit. Your deposit will be held in a trust account with your agent or solicitor until settlement.
- Prior to settlement day it is advisable that you do a final 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.
- Settlement Day. When the property has settled your selling agent will be advised by the solicitors or conveyancers to release the keys to you. At sellbuyrent we welcome you to your new home. Congratulations!
- Consumer Affairs Victoria have collated a "Due Diligence Checklist" for purchasers to refer to when purchasing residential property. The checklist can be printed from the link below and is a resourceful guide to use when purchasing property.