If you’re looking at buying a house, here are some helpful

tips that could save you a lot of money and stress:

1. Speak with your financier or to a Maatouks Home Loans consultant to arrange the best loan to suit your needs.

2. Research the sales in the preferred areas that you have chosen. Local newspapers, the internet and our Recent Sales. Inspect every property in your preferred area to you have a feel for the price. Attend all auctions in the area.

3. Develop a relationship with our sales team. We will be able to offer additional advice and also alert you to new listings before they reach the media.

4. When you find a property that suits your requirements, ask your agent to send a copy of the sale contract to your solicitor or conveyancer. We also are happy to assist you via our Maatouks Law Group division, where strict confidentiality and satisfaction are guarantied.

5. We recommend that you arrange a building and pest inspection to make you aware of any major defects and pest concerns. E.g. White ants, termites, etc.

6. Following your solicitors or conveyancers advice on the sale contract and taking into consideration the building and pest reports, you are now able to make an informed decision to proceed with an offer on the property through the agent.

7. If you are bidding at an auction, we recommend that you read the Office of Fair Trading’s “Bidder’s Guide” before you attend the auction. You can find a copy of the Bidder’s Guide in
PDF Format Here.

8. Once negotiations have been finished, you will be required to sign the sale contract and pay a 10% deposit. It is not unusual for an agent to ask you to pay a 0.25% deposit and to arrange for contracts to be exchanged with a 5-day cooling off period.

9. Exchanging contracts with a cooling off period guarantees you the property and by law no other party is able to purchase it during your cooling off period. In the event that you decide not to proceed with the purchase, you will forfeit the deposit paid and have no other legal obligation to the property.

10. On settlement day, your solicitor or conveyancer may request that you have a pre-settlement inspection before settlement takes place. This is to ensure that the property is in the same condition as when you last inspected it and that all the inclusions are as per the contract you signed.