Buying Tips

1. Firstly, decide if you are buying a property to live in or rent out, and an approximate budget.

2. Speak with your banker or finance consultant to arrange the best suitable loan. Ask about the different types of loan structures, repayment amounts and penalties.

3. Prepare a short list of preferred suburbs. Don’t forget to consider lifestyle conditions, affordability and accommodation requirements.

4. Research sales in those suburbs. Scan the internet for current property prices in that area to understand the market. If possible, attend open home inspections in the area.

4. Get in contact with one of our professional agents who specialise in your chosen location. Your P&G Mode Realty Sales consultant will provide you with any essential information or additional advice. They can also register you to receive automatic notifications on any new listings in the market.

5. When you find a suitable property, ask your agent to send a copy of the sale contract to your solicitor or conveyancer to start looking into the legal procedures.

6. When you want to make an offer, we suggest that you promptly consult the selling agent so they can guide you through the process.

7. When buying a house, make sure you are aware of any possible major defects or insect issues by asking your solicitor to arrange a building inspection and pest report.
If you are buying a unit, apartment or strata property in a complex, then your solicitor can organise a strata report instead, which will outline the maintenance history and future spending of the complex.

8. Follow any professional advice given by your solicitor and consider building reports before finalising the property purchase.

9. Once negotiations have been finalised, you will need to sign the sale contract and pay a 10% deposit to be held in a trust account until settlement.

10. Do a final inspection of the property before the settlement. This is to ensure that the property is in the same condition, and that all inclusions are in the signed contract.