Buying Information

Buying Tips

1. Speak with a bank or mortgage broker to arrange the best loan to suit your needs, having pre-approval is an advantage when placing an offer.2. Prepare a short list of preferred suburbs that suit your lifestyle, bearing in mind affordability and accommodation requirements. 3. Research sales in those preferred suburbs. Inspect every property in your preferred suburb so you have a feel for the prices. Attend all open homes in the area. 4. Develop a relationship with one of our professional team who specialise in your preferred area. Your Bayview Real Estate Sales Consultant will be able to advise you of any additional information you may need and also inform you how you can register on our website to automatically receive notification of any new listings that hit the market. 5. When you find a property that suits your requirements, ask your agent to send a copy of the sale contract to your solicitor or conveyancer. 6. If you are considering making an offer, we recommen...

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Due Diligence Check List

Before you buy a home or vacant residential land, you should be aware of a range of issues that may affect that property and impose restrictions or obligations on you, if you buy it.This checklist aims to help you identify whether any of these issues will affect you. The questions are a starting point only and you may need to seek professional advice to answer some of them.Visit the Consumer Affairs Victoria site for the due diligence checklist.

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Tips for Buyers

Final Inspection When you have purchased a home you are entitled to conduct a final inspection on the property you have purchased within 7 days prior to settlement.  Owners Corporation  I you are purchasing a unit it is good practice to request a copy of the minutes of the most recent owner corporation meeting as this will disclose and upcoming works that could add to the expenses.   Statement of Information  It is mandatory for all agents to display a Statement of Information (This statement confirms the quoted price range and 3 comparative sales within 6 months if available) this is for each residential property advertised or must be given to a buyer within 48 hours of their request.. This is also for Auctions, now buyers can check the quoted range through this statement rather than contacting the agent.   Subject to Finance When signing a contract and your bank has requested you must insert a special condition pending finance, it is important t...

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