Whether you’re gearing up to sell your property or embarking on the exciting journey of purchasing one, we’ve crafted this essential resource to ensure your real estate success. Dive into our seller’s guide to being sale-ready, uncover the art of negotiating a property purchase, and master the intricacies of buying at auction with our 6 essential tips. Explore the importance of pre-purchase property inspections and discover the crucial steps to take once your offer is accepted.
Additionally, we’ll shed light on common problems that may arise during your buying or selling journey, empowering you to tackle challenges with confidence. Get ready to embark on your real estate journey armed with the insights and strategies you need for a successful 2024.
A Seller’s Guide to Being Sale-Ready
When preparing to sell your home, remember, it’s not just about putting up a ‘For Sale’ sign. It involves strategically preparing your home to captivate potential buyers. Your comprehensive checklist, from researching the local market to finding the right agent and enlisting support like a conveyancer, is key. Prioritise cleaning, decluttering, staging, and enhancing curb appeal to ensure your property shines. After all, you’re not just selling a house; you’re creating a canvas for someone else’s dreams, a place where others can picture their future. Read more about our top 8 tips to help you be sale-ready in 2024!
Negotiating a Property Purchase
Whether you are looking at purchasing your forever home or adding a property to your investment portfolio, it is important to go into the purchase negotiations informed. Chances are, there are other people also considering purchasing the property, so making sure you are prepared may give you that competitive edge. Review our top tips to help give you the best chance of successfully securing a property for a fair price.
6 Essential Tips for Buying at Auction
The process for buying a property at auction in NSW is unlike buying a property listed through a private treaty, i.e. listed for sale privately or through an agent. When buying by private treaty, you negotiate a purchase price and then proceed to conduct your due diligence to investigate the property before exchanging contracts that legally bind you to buy the property.
When buying at auction, it is necessary to do your homework and investigate the property prior to the date of the auction. Why is this? When you buy at auction, there is no cooling off period or opportunity to investigate the property, as contracts are exchanged at auction. On the fall of the hammer, you are legally bound to complete the purchase – there is no option to cancel from this point onwards. So, here are our six essential tips for buying at auction.
Pre-purchase Property Inspections
When purchasing property in NSW, it is important to carry out some pre-purchase inspections prior to committing to the purchase. You may have heard some legal terms such as “caveat emptor” or “due diligence”. These are legal terms that particularly apply to purchasing a property because it is the purchaser alone who is responsible for making their own enquiries about what they intend to purchase.
In NSW there is very little the vendor must disclose about the property they are selling. As the purchaser, you buy the property as it is in its current state of condition and repair. Therefore, it is essential you find out what the condition of the property currently is.
In this blog we answer some important questions:
1. What is a building inspection report?
2. How will a building inspection report help me?
3. What is a pest inspection report?
4. What other reports are necessary?
Your Offer Was Accepted! Now What?
You’ve found your perfect home or investment property, and your offer was accepted! Now what? Before you can take ownership of your property, conveyancing work will need to be done. This involves transferring ownership of a legal title of land to you, the new owner.
The field is complex and highly regulated. Using a professional conveyancer will help you successfully navigate the transfer of property, and a Licensed Conveyancer ensures that your rights are legally enforceable. In this blog, we provide insight into conveyancing and explain the differences between conveyancers and solicitors.
Common Problems That May Occur When Buying or Selling a Property
It is important that you are in contact with your conveyancer throughout the entire transaction. They have the knowledge and experience to guide and assist you to successfully complete your sale or purchase, on time, and as smoothly as possible.
Some common problems we cover in this blog:
• The purchaser refuses to settle
• The purchaser isn’t ready to settle
• Your bank is not ready to settle
• The property is not in the same condition as when you signed the contracts
Whether you’re selling your property or venturing into a new home purchase, our seller’s guide, negotiation tactics, auction tips, and expert advice on inspections and post-offer steps, will equip you with tools for a seamless and successful transaction.
Still have questions? Call us today! (02) 6771 3686
Complete Conveyancing New England
Maximum Support, Minimum Fuss.
(02) 6771 3686 | www.completeconveyancingnewengland.com.au
