buying Tips

Where do I start? Every great journey begins with a single step!

  1. At River Realty we believe that first step begins with having a clear idea of what you want. Knowing what you are trying to achieve will steer you in the right direction towards achieving your desired property.
  2. Once you have finalised your wish list we believe the next step is to arrange provisional finance. This process involves selecting a lender and receiving a loan approval for an agreed amount. If you know what you can spend it dramatically helps you with your selection process as well as putting you in a better position when negotiating the price. You can proceed with confidence knowing your limits as well as putting you in the right position when an opportunity arises.
  3. Register your interests and your wish list with River Realty. The more information you give us the more chance we have to match you to the right property. Being up front and honest about your intentions puts you in a great position to move ahead of the queue. Following this process may give you an opportunity to look at a property before it is advertised, short cutting the search process and building a great relationship with your local agent.
  4. When you find a property not only should it be a logical, well planned decision you also need to listen to your feelings. Go with your gut instinct, if it feels right it usually is! You will know when you start imagining yourself living there, making changes to the property and putting yourself in the picture. If the property meets your requirements you may be ready to make an offer and start the negotiation process.
  5. If your offer is accepted it is recommended that you arrange a building and pest inspection to make you aware of any defects or pest concerns that you may have to address.
  6. Following your solicitors or conveyances advice on the sales contract you may proceed to exchange your contracts on an agreed price. Your deposit will be held in trust until settlement.
  7. On settlement day it is advised to request a pre-settlement inspection to ensure that the property is in the same condition as when you last inspected it and that all the inclusions are there as per your contract.

If you are taking part or bidding at an auction we recommend that you read the Office of Fair Trading “Bidders Guide” before you attend the auction. The “Bidders Guide” can be found on:

http://www.fairtrading.nsw.gov.au/corporate/publications/ftr31biddersguide.html