Private sale

A little less life or death than the auctions, but it's almost like solo'ing the final boss 🎮

Before your offer

Find a conveyancer

Look at their reviews, experience and always look locally as conveyancing differs per state. Get in contact and tell them you are about going to offer soon.

Find a conveyancer

Look at their reviews, experience and always look locally as conveyancing differs per state. Get in contact and tell them you are about going to offer soon.

Talk to your conveyancer about any contract ammendments

They'll guide you through this. It'll usually cost you a fee but can prevent getting yourself into dire situations during the purchase process.

Talk to your conveyancer about any contract ammendments

They'll guide you through this. It'll usually cost you a fee but can prevent getting yourself into dire situations during the purchase process.

Prepare all your negotiation tools

Quick settlement date, finance sorted. Agents like security and will occasionally take a more sure deal over a higher offer with risk.

Prepare all your negotiation tools

Quick settlement date, finance sorted. Agents like security and will occasionally take a more sure deal over a higher offer with risk.

Understanding conditional offers

Conditional on specific requirements or circumstances. Eg. conditional on the sale of another property, finance being approved, or the building being satisfactory after a Building and Pest inspection.

Understanding conditional offers

If conditions are met, there is no option to withdraw your offer without losing your deposit.

Understanding unconditional offers

This is an outright offer. Once it is accepted, there is no turning back or opportunity to withdraw without losing your deposit.

Understanding unconditional offers

This is an outright offer. Once it is accepted, there is no turning back or opportunity to withdraw without losing your deposit.

Mortgage choice sums these two up quite well

Go to article

Mortgage choice sums these two up quite well

Go to article

The offer

Always submit written offers

You can give verbal offers but only written ones can lead to a binding contract

Always submit written offers

You can give verbal offers but only written ones can lead to a binding contract

Negotiate

Never start from your limit. The agent may drag this out to obtain offers from other interested parties.

Negotiate

Never start from your limit. The agent may drag this out to obtain offers from other interested parties.

Remember the agent is not your friend (Usually)

They may seem like they're working in your best interest, but the agent is being hired and paid by the seller.

Remember the agent is not your friend (Usually)

They may seem like they're working in your best interest, but the agent is being hired and paid by the seller.

Agree on a settlement day

This is usually 30 / 60 / 90 days from the signed contract. This is the date your bank will send all the funds to the conveyancer's trust and you will pay any balance owing.

Agree on a settlement day

This is usually 30 / 60 / 90 days from the signed contract. This is the date your bank will send all the funds to the conveyancer's trust and you will pay any balance owing.

Pay the deposit

You will usually pay this into the trust account of the agent or the trust of the sellers legal representative.

Pay the deposit

You will usually pay this into the trust account of the agent or the trust of the sellers legal representative.

You can organise to pay the deposit in installments or in parts by a date set out in the contract

Sign the contract

The agent will prepare you the contract with your conditions in it as well as all relevant details. Make sure to check these are correct.

Sign the contract

The agent will prepare you the contract with your conditions in it as well as all relevant details. Make sure to check these are correct.

After the offer

Send the contract to your conveyancer

They will ensure your contract is ok and all conditional clauses you may want to put in are included.

Send the contract to your conveyancer

They will ensure your contract is ok and all conditional clauses you may want to put in are included.

Give you banker/Mortgage broker the contact for your conveyancer

They will handle almost everything from this point onwards.

Give you banker/Mortgage broker the contact for your conveyancer

They will handle almost everything from this point onwards.

Make sure you know your cooling off period rules

Within a few days (state-dependant) you can get a refund for any money paid minus a small fee.

Make sure you know your cooling off period rules

Within a few days (state-dependant) you can get a refund for any money paid minus a small fee.

Organise your building and pest inspection

These are usually completed quite quickly and done in coordination with the selling agent

Organise your building and pest inspection

These are usually completed quite quickly and done in coordination with the selling agent

Make sure your building inspector uses a thermal imaging camera

These help detect water damage

Make sure your building inspector uses a thermal imaging camera

These help detect water damage

If applicable order a Strata report

This will tell you about the owners corporation meetings, account balance and works done in the past

If applicable order a Strata report

This will tell you about the owners corporation meetings, account balance and works done in the past