8 Magnolia Drive  /  02 8765 9800

Buying Tips

1_Arranging your mortgage

Before you begin your property search, it is advisable to arrange your finances and, if required, have a mortgage agreed in principle. This will confirm how much money you will have to fund the purchase, which will ultimately influence your property search.Buying Tips Process

2_Register your interest

To register either call us on 8765 9800 or visit our office where you can discuss your property requirements with one of our sales speciliats. You can also register your interest about a specific property online if you are short of time – www.breakfastpointrealty.com.au

With an extensive range of properties to choose from you can rest assured we have just what you're looking for.

3_Finding the right property

Once we have a clear understanding of your requirements you will receive a selection of properties that match your criteria. We can also keep you constantly up-to-date via email when the latest properties become available and our weekly open home.

4_Making an offer

Once you have identified a suitable property we will put your offer forward to the seller both verbally and in writing stating any special conditions of the offer. Ask our property specialist for an offer submission form. There are no legal obligations on either side until contracts are signed.

5_Instructing a solicitor

The successful purchase of a property can be reliant on the instruction of an efficient and experienced solicitor. It is a good idea to use a solicitor who knows the area that you're moving to and specialises in conveyancing. We have a selection of tried and tested solicitors that are experts in property who we would be happy to recommend.

6_Offer agreed

Once your offer is accepted we will do the following:

• Write to all parties to confirm the agreed price

• Ask you to confirm your solicitor's details

• Prepare a sales advice and issue to your solicitor

You will now need to instruct your solicitor to proceed with the conveyancing process and your mortgage broker to proceed with your application.

7_Conveyancing

As part of the conveyancing process your solicitor will have 7 days to do the following:

• Raise any enquiries on receipt of the draft contract from the seller's solicitor

• Request their own local searches

• Agree on a date for exchange of contracts

We will assist your solicitor and negotiate throughout the process, keeping you informed every step of the way.

8_Exchange of contracts

Exchange of contracts occurs when all enquiries have been confirmed and agreed.

Once the contract has been signed by both parties the deposit (usually 10% of the purchase price) will be paid to Breakfast Point Realty and held in our Trust account or high interest bareing account (upon instruction) until settlement.

The completion date is then set by mutual agreement.

9_Pre settlement inspection

Within the week settlement day it is advisable that you do a final inspection before settlement takes place. This is to ensure that the property is in the same condition as when you last inspected it, and that all inclusions are as per the contract you signed.

10_Completion

Completion is when the residual monies (usually 90%) are transferred from your solicitor to the seller's solicitor's account.

We will release the keys once the money has cleared in the seller's account.

Congratulations, you are now the legal owner of your Breakfast Point home!