When you come to Team ML in search of your perfect property, we will talk with you to establish your goals and set about achieving them for you. It is OUR job to listen to what you want and to work for you with care and consideration at all times.
We will guide you through the process of buying a house, providing advice on property values, investment potential, finance options and legal requirements.
Finding Your Home.
We will begin by showing you suitable properties, which are on the market right now. You will see photographs and detailed descriptions of all the properties Harcourts have listed which meet your requirements.
When you see something you like, we will arrange a visit.
Team ML will be keeping an eye out for suitable properties online, in the print media, new listings that come up – even, if necessary, approaching the owners of properties you like which are not currently on the market.
We will show you those properties that best fit your requirements. This will be at times to suit you and the owner of the property. You will be kept informed of all changes relating to the properties you have viewed and you will be advised of new properties as they come on the market. Talk to us about how you want to receive new property information i.e. via email, text or phone call.
Inspections of properties take time. We recommend you do not rush or disregard too quickly. Try not to judge a property from the outside only. Some properties have little or no street appeal, but have much to offer inside. An inspection will confirm your first impression or will pleasantly surprise you.
When you find a property that interests you, let us know straight away. Even if you are not yet ready to make an offer we will need to register your interest, especially where another consultant or agency is involved.
When the right property presents itself be prepared to make an offer. We will encourage you to do so as many people have found their perfect home and missed it because they didn’t take the opportunity when it was available to them.
Many sellers open their homes to group viewing during the marketing of their property. Open Home times will be advertised in the property advertisements. It is normal practice for us to meet you at the door to register your name and contact details. You will then be free to inspect the property at your leisure. We will always be available to answer any questions and provide information on the property or area. Ring us when you see an Open Home advertised that may be with another agent and we can arrange an introduction or escort you through. After the Open Home we will ask for your feedback on the property.
Going to Contract.
When you are ready to write up a contract, the next step is to decide on the price you wish to offer the seller and under what conditions you wish to make the offer. Common conditions of sale are: subject to finance, a builder’s report, sale of another property, solicitor’s approval of the contract or specialist inspection or approval.
You will be provided with details of relevant sales in the area and advised of any price guidelines that are available for the property.
The seller can accept your offer, reject it or counter sign it. Counter signing usually occurs when the seller is not satisfied with the price offered and/or conditions included and subsequently alters them. The contract will be brought back to you for your consideration. If you accept, you initial the seller’s alteration and the property is under offer to you subject to any conditions that the contract may contain. Alternatively you also have the right to counter sign. We will continue negotiations between you and the seller until you are both in agreement.
Dangers of Offering Too Low.
Once we find the property you wish to purchase many buyers are tempted to “start low” with their offer.
We understand, but would not be giving you complete service if we did not warn you of what can happen.
The seller could feel insulted, and become difficult to negotiate with from then on.
The seller may think you are a bargain hunter “having a go” without serious intention to buy and dismiss your offer altogether.
If you are serious about purchasing the property it is wise to make a genuine offer that reflects your serious intentions and appreciation of the true value of the seller’s home.
Common Conditions of Sale.
Along with the standard terms of the Sale and Purchase Agreement both buyers and sellers are able to insert further terms and conditions of sale. When writing in any special condition the key parts are who is going to do it; what are they going to do; when are they going to do it by; what standards will apply; what happens if it is not satisfied and who can waive it.
Once an inserted condition has been satisfied notice will be provided to the other party usually by the solicitors involved.
A condition can be either satisfied or waived. If you have inserted a condition but it has not been met by the required date you can choose to waive that condition. If the condition is neither satisfied nor waived then the agreement will be terminated and any deposit paid by you shall be immediately refunded.