Real Estate Southern Highlands will prepare a sales advice, which is sent to the vendors solicitor/conveyancer and your solicitor/conveyancer, giving the details of the property, name and contact details for both parties and the agreed price and depsoit required.
A confirmation letter is also provided to you.
Your solicitor will contact you to discuss the sale and advise you of anything that they require.
You should make an appointment with your financial provider and ensure that your loan is approved, advise them of the property you are purchasing and arrange for the 10% deposit. Your bank may want a copy of the contract of sale and we are happy to fax or email this to them.
At the same time, you will need to arrange a pest and building inspection of the property.
Real Estate Southern Highlands will be the laision point for your financial provder, if they need to inspect the property for a bank valuation, and also for the pest and building company to gain access to the property.
Once all the inspections have been made, your solicitor will arrange a time for you to sign the contract and pay the deposit.
Once both parties have signed the contracts, the solicitors will effect the exchange of contracts and send the deposit to Real Estate Southern Highlands for banking in our trust account. This deposit is then disbursed to the vendor at settlement.
Once the property is exchanged, you have 42 days to complete settlement, which means you have to pay the balance of the money, stamp duty and any other fees from the solicitor.
On the settlement day, your solicitor will confirm that the sale has been finalised and instruct Real Estate Southern Highlands to release the keys to you.
Then you can move in and enjoy your new property!