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Buying with Landmark Harcourts

Buying with Landmark Harcourts

Committed to your needs

Landmark Harcourts Euroa are committed to helping you turn your property dreams into reality.
 
When you come to Landmark Harcourts Euroa in search of your perfect property, your personal real estate consultant looks to establish your goals and set about achieving them for you.  It is their job to listen to what you want and to work with you with care and consideration at all times.




Finding your home

Your Landmark Harcourts Euroa real estate consultant will begin by showing you suitable properties, which are on the market right now.  You will see photographs and detailed descriptions of all the properties we have listed which meet your requirements.

When you see something you like, they will arrange a visit. Please feel free to use the Property Search feature on the left of your screen to search for any current listings by Landmark Harcourts Euroa.

Your wish list

Knowing your requirements early really helps us help you. Sometimes however, your circumstances and priorities can change. Often, we will check with you to ensure we remain on track.

Facts that help us to find you the right property include:

  • Location
  • Price range
  • Number of bedrooms
  • Style of home
  • Land size
  • Farm Type
  • Special requirements


Your essentials

It is important that we know the absolute most important features you want in a property and will not compromise on. They may include:

  • A separate office / study
  • Sun aspect
  • Security
  • Acreage
  • Low maintenance grounds

# These requirements are unique to each buyer. Also give some thought to features you most definitely do not want in a property.





Searching for properties

Many buyers search the internet prior to viewing properties.

You can use the Property Search function to the left of this page for a comprehensive search facility which will provide you with property details and multiple photos of each property.  


Inspecting properties

Your consultant will show you those properties that best fit your requirements.  This will be at times to suit you and the owner of the property. You will be kept informed of all changes relating to the properties you have viewed and you will be advised of new properties as they come on the market. Talk to your consultant about how you want to receive new property information i.e. via email, text or phone call.

Inspections of properties take time.  We recommend you do not rush or disregard too quickly.  Try not to judge a property from the outside only.  Some properties have little or no street appeal, but have much to offer inside.  An inspection will confirm your first impression or will pleasantly surprise you.

When the right property presents itself be prepared to make an offer. We will encourage you to do so as many people have found their perfect home and missed it because they didn’t take the opportunity when it as available to them.

The dangers of offering too low

Once they find the property they wish to purchase many buyers are tempted to “start low” with their offer.

We understand, but would not be giving you complete service if we did not warn you of what can happen.

  1. The seller could feel insulted, and become difficult to negotiate with from then on.     
  2. The seller may think you are a bargain hunter “having a go” without serious intention to buy and dismiss your offer altogether.

If you are serious about purchasing the property it is wise to make a genuine offer that reflects your serious intentions and appreciation of the true value of the seller’s home.

Going to contract

The next step is to decide whether you wish to proceed to purchase and under what conditions( if any).  Common conditions of sale are: subject to finance, a builder's report, or pest inspection.

Once the conditions (if any) have been agreed upon the contract will be drawn up and sent to your solicitor/conveyancer who will contact you to arrange signing.  This process can take up to 14 days.

This process generally does not occur when buying at auction.  (See information on “Buying at Auction” below).

Common conditions of sale

Along with the standard terms of the contract both buyers and sellers are able to insert further terms and conditions of sale. When writing in any special condition the key parts are who is going to do it; what are they going to do; when are they going to do it by; what standards will apply; what happens if it is not satisfied and who can waive it.

Once an inserted condition has been satisfied notice will be provided to the other party usually by the solicitors involved.

A condition can be either satisfied or waived. If you have inserted a condition but it has not been met by the required date you can choose to waive that condition. If the condition is neither satisfied nor waived then the agreement will be terminated and any deposit paid by you shall be immediately refunded.

Some common conditions of sale are:

  • Conditional on sale of purchaser’s property
  • Conditional on sale of purchaser’s property becoming unconditional

Inserting these clauses allows you to sell your property before purchasing. Use the appropriate clause to allow you time to sell your property or for an existing contract of sale to become unconditional in all respects.

  • Conditional upon Finance
  • Conditional upon obtaining Solicitor’s Approval of the Contract
  • Conditional upon obtaining a Builder’s Report

Each of these conditions should be clearly worded and the dates for confirmation made clear.






Paying the deposit

Once all parties have signed the contract you will be asked to pay a deposit. This usually equates to 10% of the purchase price.

Buying at auction

During an auction, bids for the property are called in an open arena on a given day and time. If you are the successful bidder  you will be asked to sign  an unconditional sale contract and be required to pay a 10% deposit.





Property insurance

In some states of Australia you can be responsible for the insurance cover of the property you are buying from the first business day after the contract has been signed.

For further insurance information please contact Tony Brodie (03) 5795 2535 or tony.brodie@landmark.com.au

Have you arranged your finance?

You don’t need to wait until you’ve found a property before you arrange finance.  It’s a good idea to find out first just how much you can borrow – that way you know what price bracket to start looking in and what level of repayments you’re comfortable with.

The problem that most people face today, however, is “which home loan is the right one for me?”  There are so many options when it comes to banks, products, rates, terms and fees.  With the purchase of such a large investment, you need to be confident that you have made the right financial choice.

We recommend that you speak to at least one mortgage broker who can assist you with which loan is right for you.

Property purchase costs

Financial fees vary greatly, depending on such matters as what percentage of the property value that you will be borrowing, the amount of the loan, the amount of the purchase and which bank you are borrowing funds from.  If you speak to a local mortgage broker  they can quickly ascertain approximate costs for your particular circumstances.

Possible expenses you may incur are:

  • Bank fees which may include:
  • Lender application fees, valuation fees, legal and settlement fees
  • Lender monthly account keeping fees (if applicable)
  • Lender “Professional Package” annual fees (if applicable)
  • Lender’s Mortgage Insurance (if applicable)
  • Lender retention account fees (if applicable)
  • Title transfer, Mortgage registration fees
  • Registration of mortgage discharge (refunded by seller at settlement)
  • Solicitor’s charges may include legal searches (please consult your solicitor)
  • Stamp Duty on Purchase   
  • Home protection insurance
  • Miscellaneous costs (Building / pest inspections, rates, removalists, etc.)


Completing the purchase

Before settlement your solicitor will undertake the necessary searches with respect to the property and your financier will prepare the mortgage documentation.

On settlement your solicitor will exchange with the seller's solicitor:

  • Monies
  • Transfer documentation

Once settlement has taken place the sellers solicitor will advise Landmark Harcourts Euroa at which time your keys will become available to you.

Within a few days of settlement your solicitor or financier will register the necessary documentation  and mortgage transfer with the Land Titles Registry.

Possession of the property usually takes place on the settlement day although the seller and buyer can agree for these dates to be different.