WE HAVE MOVED!! Still conveniently located in Jordan Springs
WE HAVE MOVED!! Still conveniently located in Jordan Springs
When you think about buying a property it may feel overwhelming. Why not let us help by taking the stress out of the conveyancing process, which will free up your time to find your dream home.
A good first step on the buying process is to speak to a Bank or finance Broker to ascertain your borrowing capacity and apply for a pre-approval. A pre-approval is simply an indication from your chosen lending institution of how much you can borrow.
Now it's time to go shopping!
When you find your ideal property you will negotiate a price with the real estate agent. It is important to know that even when the Vendor has accepted your price, there is nothing binding you or the Vendor to the purchase until the Contracts are exchanged.
At the time of exchange you will have the benefit of a cooling off period, which is 5-business days. During the cooling off period you can change your mind about buying the property, and if you do, you will lose 0.25% of the purchase price.
During the cooling off period, you may wish to obtain a pest inspection, building inspection or Survey. We can introduce you to properly qualified and insured professionals who provide these services.
If you don't have the cash deposit available to you, you may still be able to purchase a property. If the Vendor will agree to accept it, you can use a Deposit Bond in lieu of a cash deposit. You still need to pay 100% of the purchase price on settlement, but the benefit of the Deposit Bond is that you can still secure a property if say your deposit monies are tied up in an investment or if you are selling a property and buying a property at the same time.
A deposit bond normally secures 10% of the purchase price, and is a guarantee to the Vendor that confirms you will pay the full purchase price on settlement.
At First Choice Conveyancing we can arrange a deposit bond for you. Arranging the deposit bond is a simple process and normally the deposit bond will be issued very quickly after we lodge your application.
We prefer Aussie Bonds https://homedeposits.com.au because they are located in Sydney and their application process is streamlined for your convenience.
Copyright © 2019 First Choice Conveyancing - All Rights Reserved.
Conveyancers Lic. No. 1024435
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