BUYER TIPS

Do your homework about the area

Check out the location you want to move to and tell your agent which area you really like to narrow the search and timescale. Get the area’s history and future from the agent and even visit the town planner’s (municipality) office if you are uncertain. In the case of an apartment, ensure that you the Body Corporate are financially sound and that the managing agent is reputable and effective. Ask for the financial statements.

Be specific about your needs

Do you want a garage or would you be happy with a smaller garden? Do you want to be within walking distance of local amenities?

Financially prepared

Be sure of how much you can afford to spend before putting in an offer. Get yourself pre-qualified via a bond broker or your bank. Nothing is as debilitating as losing an offer because you cannot afford it. Think about any budget needed for alterations.

Make a property shortlist

Do not view too many properties or you may forget what you have seen at the outset. Create a shortlist from the very first property you view -based on your requirements.

Make an offer

Do not hesitate on making an offer if you have found the property of your dreams. If it is right for you then go for it and do not run the risk of losing out to another buyer.

Make a reasonable offer

Do not be afraid to make a reasonable offer. Your agent should be able to guide you on what the seller might accept, but the level of the offer remains the decision of the potential buyer.

Check insurance policy dates

Make sure that the insurance policy is effective from the date when risk passes, as stipulated in the agreement of sale. Remember that this is not always the date of registration of transfer.