fbpx

Ways to buy the first home in Australia

There are many different approaches for buying your first home in South Australia. Here are the three popular ways that Dev Smith Nguyen would like to introduce and hope you may find it helpful in any means.

First, you can make an offer for your desired house via tender

With this method, you will need to make a deal with the seller, along with a possible deposit of up to 10 percent in a trust account. The vendor will then decide whether the offer matches with their criteria and expectations to enable the next step of negotiation.

Second is via property auction

If the property is up for an auction you can register as a bidder. If you are successful at the auction you will be expected to sign the contract of sale and pay the deposit as soon as the auction finishes. At an auction, you’ll have to meet a reserve price – you cannot offer any lower than this.

Last but not least is via private treaty

As a common way for property transactions, private treaty sees the vendor choose an appropriate price. The real estate agent will then arrange a sale, attempting to get a price as close to the figure as possible.

No matter which way you take to reach your dream house, it is recommended that you start the engagement of such professional services as property conveyancer or solicitor as early as possible. They will definitely do big helps with the legal documentation and make your transaction completed with success and satisfaction.

How to buy the first house in Adelaide?, First house,Tips for buying a house
Share on facebook
Facebook
Share on linkedin
Linkedin

Related Articles

What is a trustee?

Who can be a Trustee?

A trustee is someone appointed to take charge of your property, cooperate with you to work with creditors on your behalf and handle your bankruptcy.

What is Bankruptcy?

How many type of bankruptcy?

Bankruptcy is a term often related the state of being seriously in debt with no realistic opportunities to settle them down.

Follow us

Let Our Experience Be Your Guide 

Get Your First Consultation Now

Legal Insight

Sign business contract
Tips before signing a business contract

A business contract is a legally binding agreement between two or more persons or entities. It is recommended that you bear in mind some tips below before the official signing.

Bankruptcy. Commercial Law
What can I keep and lose if I’m bankrupt?

When you are declared of bankruptcy, you have to accept that you will lose your assets to pay for debts. However, to enable your ability to go forward with your life, there remains some items you can keep to afford basic living demands.

Subscribe to our newsletter

Save time

Book Appointment

Whether you want to book an appointment or get enquire, just go from here.

iLawyer

Go online and self-book to join your appointment by remote video or phone call.

We can help

Scroll to Top

Request a call back now