Purchasing a property is likely to be one of the biggest investments you will ever make. Equally, selling a property might be one of the most lucrative deals you conduct.
A PROPERTY TRANSACTION that runs smoothly, settles on time and does not incur any unexpected costs or fees is incredibly valuable. Not only does it save the buyer and seller a significant amount of money, but it also eliminates a great deal of stress.
In today’s market, any advantage that can be gained is crucial.
As such, it is clear that a seamless property transaction is well worth the effort.
There are a number of things you can do to help achieve this. In this article, we will look at FIVE TIPS for a faster and easier property transaction.
1. Plan ahead for a successful property transaction
The first step to an easier and faster property transaction is to plan ahead. This means having a clear idea of what you want, what you can afford and what your timeline looks like.
If you are selling, get your property valued and start marketing it as soon as possible.
If you are buying, start looking at properties that fit your budget and start saving for a deposit.
The more prepared you are, the smoother the process will be.
2. Get Your Finance in Order
One of the biggest stumbling blocks in any property transaction is FINANCE.
If you are buying, make sure you have your loan pre-approval in place before you start searching for a property.
This will give you a clear idea of your budget and avoid any issues further down the line.
If you are selling, consider what sort of price you are looking to achieve in the context of what happens next. Are you looking to buy a property as well as sell?
What price do you need – considering current equity in the home – to afford your next home?
Have you arranged bridging finance?
There’s a lot to think about. Consider engaging an accountant, financial planner and/or mortgage broker to help.
3. Partner with a high-quality, trusted CONVEYANCER
The next step is to find a reputable and reliable conveyancer.
Your conveyancer will be responsible for ensuring all legal aspects of the property transaction are taken care of. They will also liaise with the other parties involved in the transaction, such as the real estate agent, lender and settlement agent.
A good conveyancer will make the process much easier and help to avoid any POTENTIAL PROBLEMS.
When choosing a conveyancer, make sure you:
– Check their credentials and experience
– Ask for referrals from people you trust
– Get a fixed-fee quote in writing
Tick Box Conveyancing can help you with all of the above – and much more!
4. Have all Documents Ready
Once you have found a conveyancer you are happy with, it is important to get all of your documents in order.
Your conveyancer will need to see proof of ID, evidence of your deposit, your contract of sale and any other relevant documentation.
The sooner you can provide this information, the sooner they can get started on the transaction.
5. Pay Attention to Details
One of the most important aspects of a successful property transaction is paying attention to detail.
This means reading all documentation thoroughly, checking for errors and ensuring that everything is in order.
Of course, your conveyancer should be helping you with this.
If you are buying, a pre-purchase contract review will give you PEACE OF MIND that everything is in order and that you are protected.
If you are selling, your conveyancer will ensure the contract of sale is protecting your interests.
Contact Tick Box Conveyancing for Your Next Property Transaction!
Whatever your next property transaction may be, we look forward to embarking on it with you and helping you achieve your goals.