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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Pest and building reports help you as a potential purchaser of a property go into the process fully informed. We think it’s a good idea. Some companies can do both of them together which is really convenient for both sellers and purchasers. Building inspections can verify that the structures on the property are approved and compliant, and they can also help discover any problems not …
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There are a lot of things to consider when investing in residential property. Read our eBook to find out more about investing or talk to one of our experienced agents who can give you advice on how to approach an investment property.
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Selling your home can be a stressful time for vendors. At Fitzpatricks Real Estate, our team makes every effort to make the process as smooth and stress free as possible. Once you have decided to engage our services to sell your home here are the next steps: Select sale methodSign agency agreementOrder contractBook advertising campaign Sales and marketing team inspect propertyProduction of marketing material begins …
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With the cooler months comes the perception that buyers will ease off and hold out for the Spring months. But this is not the case – buyer activity remains the same no matter what the seasons, it’s the level of available homes that varies. This means Winter may be the perfect time for you to sell your home due to a decrease in direct competition. …
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So the property you wish to purchase is going to auction. Here’s a quick guide to what you need to know come Auction time So what’s involved in buying a home at auction? To be able to bid at auction you will need to register prior to the auction commencing. You will be asked to give your name, address and show proof of identity If …
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