Grab a helping hand
would be entitled to a commission – Mr Moutlon recommends 1 per cent of the price of the sale as ‘‘fair and reasonable’’.
But he says that’s also value for money.
‘‘You usually save more than what you’re paying and it also saves you a lot of time,’’ he says. Engage your experts early Conveyancing Matters marketing manager Penny Erskine says conveyancers can advise prospective buyers on what conditions you can add to your offer for your protection as well as explaining the contracts in the cooling-off period.
She says it’s important to find a conveyancer as soon as you’re looking to buy.
‘‘We would always recommend while purchasers are in their coolingoff period that you bring both your contract and your cooling-off papers, called Form 1 – Disclosure Statement, to their conveyancer to thoroughly check through so you understand what you’re getting,’’ Ms Erskine says.
‘‘We can explain encumbrances and building restrictions and things you can and can’t do with your land.’’ Know your competition Once you’ve found a home you like, find out how many inspections have been held and whether any contracts have been issued.
If there are numerous buyers chasing the home, its sale price could become inflated.
However, if you discover there has been little interest, you’re in a position of strength.
‘‘You should always play the property game with a poker face,’’ says Andrew Winter, host of
‘‘Be matter-of-fact in the process.’’
REISA president Greg Moulton, left, with potential buyer Paul Keldoulis.