Many first-time investors are of the belief that buying an investment property is out of their reach, particularly if they do not have any equity built up in an existing property and face the prospect of saving for the deposit from scratch. This can be a daunting prospect, particularly if the deposit is in the order of $50,000 to $80,000. But it’s not impossible. All …
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Do you have your eye on a property that you would love to inspect, but the Open Home times fall when you are unable to attend? There is no need to worry, we are more than happy to help find a time the suits your schedule. You can arrange a private inspection with an agent. We suggest you ring at least 24-48 hours in advance, …
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So your offer has been accepted on the property you wish to purchase. When do you need to pay the deposit? A deposit needs to be paid when contracts are exchanged, a contract is not binding until the deposit is received. The deposit is 10% of the purchase price unless otherwise agreed to by the Vendor. The remainder of the purchase price is due on …
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Yes. The agent will submit offers to the Vendor throughout the campaign and the property can legally be sold prior to auction. It is at the vendors’ discretion whether they accept the offer and often they prefer to proceed with the auction if there are multiple interested parties. If the vendor accepts your offer, you must be prepared to wave the cooling off period, exchange …
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A conditional offer is an offer which is placed by a purchaser with conditions associated to it such as: Finance – the granting of formal finance approval from a financial institution Pest and Building inspection – an inspection of the property by a licenced professional to ensure a satisfactory pest and building report is completed Sale of another property – some purchasers may need to …
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