Buying Information
The buying process
Make an offer
If you are buying at an auction, you are required to pay a deposit (usually 10% of the purchase price) immediately.
If you are buying privately, you are usually required to pay a holding deposit (can be anywhere between $2,000 and 10% of the purchase price).
Contract of Sale
The Contract of Sale, prepared by the agent or by the vendor's (the current owner of the property) solicitor, outlines your offer, the date of settlement, and any conditions that must be met before the sale goes ahead. Discuss the Contract of Sale with your solicitor before you sign it. There are two kinds of offers - unconditional and conditional.
Unconditional offers
This is an outright offer to buy the property. You should be 100% sure that this is the property you want, and that you have access to the money to buy the property. Once the vendor has accepted your offer, you are legally obliged to go through with the sale.
If you are looking for a home please do not hesitate to contact one of our experienced Sales Staff and they will be only to happy to assist in any way they can.