Buying and selling homes can be an extremely stressful experience, but there are some key things to remember which may minimise any drama.
Angela Tyson of Tyson’s Conveyancing Services www.tysons.net.au has been handling property purchases on behalf of her clients for over 20 years.
“I have handled thousands of transactions and there have been many where the purchaser have not contacted us before signing a contract which results unnecessary stress and additional cost,” she said.
Angela’s Tips for Minimising Stress when Buying Property
Research prices and locations
Make sure you have thoroughly researched the area you’re interested in, and if it’s too expensive try some of the neighbouring suburbs. Ensure you know what the market is worth as you don’t want to overpay.
Contact your conveyancer before signing anything
Most people are not used to reading contracts, so it pays to talk to your conveyancer before you sign anything. A contract is a legally binding document, and the last thing you want is to be liable for costs or be stuck with unfavourable conditions.
Make sure every inclusion that you see is noted on the front page of the contract
You want to ensure that the dishwasher or the curtains you really like are noted as inclusions on the contract. I have had clients who have bought a house with leadlight windows only to discover they had been removed and replaced with clear glass when they settled.
When negotiating prices, don’t agree to terms and conditions which will cause you stress or cost you money
It may be enticing to have $50,000 taken off the price of the house if you settle in four weeks, but remember that it may not be possible. Title searches, transfers and banks will probably take longer than that to set up the transaction.
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