Whether you're a first-time home buyer or a seasoned hand, it
can be a stressful time. Keep the stress down by being well
organised. Here are some pointers to buying your own home.
Arrange finance well in advance. We are more than happy to refer
you to a well recognised broker or lender should you require.
Choose where to live
Write down the suburbs you'd like to live in (but be realistic
about price!). Also think about school zones, transport and how
close it is to the things you like to do for relaxation.
Research the cost of property
What are house prices like in the places you want to live?
Crockers Market Research can give you answers (just ask any
Crockers Sales Consultant for this). Look through as many
properties as you can and attend some auctions. You'll soon have a
good idea of what to expect to pay.
Get advice from the experts
Develop a relationship with a Crockers Sales Consultant
specialising in your preferred suburb. Not only can they give you
good advice, they can also alert you to new listings before they
Conduct due diligence
Once you find a property you want to buy, read the sale contract
carefully, and arrange a Lim report and Building inspection to
highlight any major defects. Have your solicitor inspect these
Investigate body corporate rules
If the property has a body corporate, ask your Consultant for a
copy of the body corporate rules.
Considerations when bidding at Auction
If you are bidding at auction, you will need pre-approved
finance and will be required to pay a 10% deposit on the day if you
win. Final settlement dates are generally around 30 days after the
Considerations when buying by negotiation
If you are buying by negotiation, you will be required to sign
the sale contract and pay a 10% deposit. Your deposit will be held
in trust until settlement
Remember to complete your pre-settlement inspection
Between the time you agree to buy and settlement day, you can
ask for a pre-settlement inspection. This is to ensure that the
property is in the same condition as when you last inspected it,
and that all the chattels included in the contract are still in