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.