3%.Com Properties keeps you safe in the property transfer process
Category Newsletter
If you are looking to buy property, while some steps in the process may be easy, others may not be as straightforward. Knowing what to do and which questions to ask before you take the plunge can make a huge difference between purchasing a home worth having or a dud where you missed the warning signs.
Here are 3 Buyer Considerations to tend to before purchasing:
- Sort Out Money Matters: Determine the full fixed cost of the property (purchase price, transfer duty, bond registration, attorney fees etc.), as well as the monthly payments and how changes in the economy may affect your ability to afford the property (this includes understanding your rates and taxes, or levies). Consider hidden costs not included in the property sale.
- Do Research: Be sure to learn about developments in the area and understand the general market trends of the area.
- Get Security: Make sure that relevant compliance certificates are provided by the seller before agreeing to purchase any property and if there is anything you need assurance of, always ask for it to be put into writing and signed.
3 Buyer Questions to ask your agent to avoid bogey properties:
- Value: Has a CMA (Comparative Market Analysis) of the property been made? If so, how was the fair market value of the property determined?
- Defects: Are there any known defects or hidden defects disclosed by the seller?
- Approved plans: Are the property plans approved?
Our Agents and Attorneys at 3%.Com Properties will always make sure to be transparent and clear in our communication with you so that you are never caught off guard.
Author: 3%.Com Properties