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Whether you are buying an investment property or a new home to live in, there are some common problems you need to be aware of to ensure your purchasing experience is stress free and risk free. These few buying tips will make you aware of some of the pitfalls and ways to avoid them.

 

Why Are You Buying?

Think about why you're buying the property. If you intend living in the property does it suit your needs? If you have young children or elderly people living with you, you might wish to avoid stairs and prefer a level block. Do you intend to install a pool? Is the garden the right size? Will you need more bedrooms? Is it close to schools etc?

 

Building Reports

Be sure to have reports for building inspection and pest inspection prior to committing to the purchase.

 

Meet Your Neighbours

If you are buying a villa, apartment or townhouse you may be sharing a common wall with your neighbours. It would be advisable to check noise levels if possible. Try to meet your new neighbours. They may not share the same values as you.

 

Do Your Research

By researching the real estate market in a particular area you will be much better informed on property values. Ask QPRE to show you some comparable properties which have sold in the area.

 

Check With Your Local Council

If a property has been renovated recently you might wish to check with the local council to ensure planning or building permits were approved. Deciding how much to offer can be difficult. You might wish to make your best offer up front or start with a lower offer and be prepared to negotiate up. However, purchasers who make higher offers might secure the property without giving you the opportunity to increase yours.

 

Buying At Auction

If buying at auction you should have:

 

Decided on a definite upper limit within your means

Conducted inspections

Had legal documents checked by your solicitor

Organised a cheque for the deposit

Finance approved

 

When bidding, bid with confidence and authority.

 

Cooling Off Periods

Note cooling-off periods can be waived subject to certain conditions.

 

 

 

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Queensland Property Real Estate is proudly brought to you by Stephen & Belinda to provide you with service you’ll love and a standard of achievement second to none. With a proven track record, invaluable local knowledge, and a commitment to our clients to keep their best interests in mind at all times, we know you’ll be delighted with what we have to offer you. Our combined experience in the Real Estate Industry spans over 20 years. Coming from a background of solid work ethic and a dedication to all aspects of the industry.

 

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Contact

 

 

PO Box 3984 Loganholme

 

Queensland 4129

0413 676 140

info@qpre.com.au

 

 

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