I want to put in an offer on a property, what are my first steps?

When looking to Purchase a property, you should always read and understand both the Contract of Sale and Section 32 Statement prior to putting in your offer. You should never sign any document that if you are uncertain about the contents. Our office can conduct a formal perusal of those documents prior to your offer and provide feedback on the information prior to you committing to purchase. It is important to ensure the Contract you sign does not have any clauses or conditions that would unfairly benefit the other party, and also to make sure that any conditions to be put forward with your offer are properly completed before you sign.

Whilst there are disclosure obligations on the vendor, a purchaser also has a responsibility to conduct their own checks prior to committing to buy. Once you sign the Contract, you buy the property as it is, along with any faults or problems. You should therefore consider whether you would like your offer to be subject to building and/or pest inspections, and whether you require the protection of a finance clause if you will be applying for a loan to complete your purchase. The standard contract has these conditions as options, you will just need to advise your estate agent to include them. If there are any other conditions you wish to include in the contract, that isn’t as standard condition, please contact us and we will discuss the right wording to protect your interests.