Buying Tips

  • Speak with your Bank or mortgage broker to arrange the best loan to suit your needs. Contact us should you wish to speak to our mortgage broker.
  • Select your preferred areas, keep in mind, affordability, accommodation requirements and your proximity to your work, friends and family. Research sales in those preferred areas using The Sydney Morning Herald Price Guide & Eastern Network Realty’s Recent Sales. Inspect every property in your preferred area so you have a feel for the price. Attend all auctions in the area.
  • Develop a relationship with the Eastern Network Realty Sales Area Specialist. The agent will be able to offer professional insights and advice as well as keeping you advised of new listings.
  • If you locate a property that you are interested in then request that your agent, direct a sale contract to your solicitor.
  • A building and pest inspection should be arranged generally by your solicitor. These inspections should identify any major defects. Remember that all advice should take into account the condition and price.
  • Proceed with an offer on the property through the agent. You are now able to make an informed decision after following your solicitors or conveyancers advice on the sale contract and taking into consideration the building and pest reports.
  • Once negotiations have been finalised, you will be required to sign the sale contract and pay a 10% deposit. Your deposit will be held in trust in an interest bearing account until settlement.
  • Interest is normally equally divided between you and the vendor. The vendor will sign their sale contract and the solicitor/conveyancer or agent will exchange the contracts.
  • On settlement day, your solicitor or conveyancer may request that you have a pre-settlement 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 the inclusions are as per the contract that you signed.