Howdy
I am about to offer on my first Residential property and from everything Ive read I was going to do it in this order - I would appreciate any advice if i have this wrong or I could do it better.
Assumed - ive already found the property been watching it for 2 months and have had agent follow me up on my intitial low ball verbal offer. pre approved Finance in place.
Make written offer on property include the folllowing - subject to
Finance from my Lender
Acceptable Building and pest Inspections
Question - being a townhouse do I have to include a clause for the Body Corporate report ie no problems with the complex etc?
On making offer I "could" pay a holding deposit $100-$500 dollars but not always required.
Question - do I have to state on the offer the amount Im willing to pay as a deposit? I.e. 5% - 10% or can I offer what I feel comfortable with i.e $5000 - $10,000 or is it possible to make an offer and pay minimal to no deposit?.
If Vendor accepts contract passed onto Solicitor - Pest and building inspections arranged other searches completed. If all looks ok approach bank to take up Pre - approved loan, organise property valuation etc
Organise insurance to be in place from date of signing contract.
Question - Sign Contract now?
pay agreed deposit and settle on agreed Date?
I know Ive probably missed a few things......
Please add or remove or comment on any of the above..
Thanks in Advance
I am about to offer on my first Residential property and from everything Ive read I was going to do it in this order - I would appreciate any advice if i have this wrong or I could do it better.
Assumed - ive already found the property been watching it for 2 months and have had agent follow me up on my intitial low ball verbal offer. pre approved Finance in place.
Make written offer on property include the folllowing - subject to
Finance from my Lender
Acceptable Building and pest Inspections
Question - being a townhouse do I have to include a clause for the Body Corporate report ie no problems with the complex etc?
On making offer I "could" pay a holding deposit $100-$500 dollars but not always required.
Question - do I have to state on the offer the amount Im willing to pay as a deposit? I.e. 5% - 10% or can I offer what I feel comfortable with i.e $5000 - $10,000 or is it possible to make an offer and pay minimal to no deposit?.
If Vendor accepts contract passed onto Solicitor - Pest and building inspections arranged other searches completed. If all looks ok approach bank to take up Pre - approved loan, organise property valuation etc
Organise insurance to be in place from date of signing contract.
Question - Sign Contract now?
pay agreed deposit and settle on agreed Date?
I know Ive probably missed a few things......
Please add or remove or comment on any of the above..
Thanks in Advance