Buy & Sell Property with a Conveyancer

The process of buying property in Australia generally begins with determining your budget and obtaining finance, such as a home loan pre-approval. Next, you start searching for properties that meet your criteria and attend inspections. Once you find a suitable property, you can make an offer, which may involve negotiation with the seller. After your offer is accepted, you will conduct inspections such as building and pest inspections and carry out legal checks like title searches. The contract of sale will be signed and you’ll need to pay a deposit. The final step is the settlement, where ownership of the property is transferred to you and you take possession of the property.

When selling a property in Australia, several costs may be involved. These can include real estate agent fees, which are usually a percentage of the sale price and marketing expenses for advertising the property. Legal fees will be incurred for the conveyancing process and you may also need to pay for a professional property appraisal to set an appropriate sale price. Additionally, if the property has increased in value since you purchased it, you might be liable for capital gains tax. There could also be costs associated with preparing the property for sale such as repairs or staging.

Determining the value of a property is an essential step in buying or selling. You can assess the value by looking at recent sales of similar properties in the area, commonly referred to as comparable sales. You may also consider the current market trends and the condition of the property. For a more accurate assessment, you can hire a professional valuer who will provide a detailed property valuation based on factors such as location, property size, condition and any unique features. This valuation can help guide your decisions, whether setting an asking price or making an offer.