Looking for that perfect place to call home?
One Agency Kercher Properties is dedicated to helping individuals and families find the right home to suit their needs.
If you’re looking for the perfect house, please browse our current listings, or register to be on our database. We never send spam – you will only be notified if a property becomes available that matches your requirements.
How to buy a new home
Once you’ve found the home of your dreams, it can be a little daunting knowing what to do next.
These are the general steps involved in buying a new home:
- Before you head out into the market, it’s always best to have a chat with your bank. Find out what you can borrow, and if possible get pre-approval.
- Search for a home. If you find a house that is for sale via private treaty (no auction), then you are free to make an offer. If the house is up for auction, you will need to register to become a bidder, and attend the auction to make your bid.
Here is a quick reference guide for common terms you may find on a house for sale:
Price – this is where the seller has stated the price they wish to receive.
Auction – the final price will be determined during an auction (bidding session) on a set date. If the “reserve” (minimum price the home owner is happy to sell for) is met, the house will sell.
By negotiation – generally means bargaining between the buyer and seller to reach a mutually agreeable price. This is common to a set price, though the intended sell price may not be advertised.
Expressions of interest – this means the seller is not prepared to disclose what they would like the house to sell for, but interested buyers are welcome to make an offer for review.
Under offer – an offer has been made and accepted, but contracts have not been exchanged yet. This sometimes means that the seller is still open to another offer.
- Once you make an offer that is accepted, or win the bidding at an auction, it’s important to review the building inspection report and pest inspection report that is provided by the seller. These documents disclose any structural issues with the property, and assure you that the home is free of nasty surprises (such as a termite infestation!).
Before the sale closes, you can negotiate any fix ups to the property that you may feel are important.
- The next step is to contact your bank. You will need to choose the type of mortgage that suits you, and the bank will need to have the home appraised before they agree to give you a loan.
- The real estate agent and your bank will help you get all the necessary paperwork and legalities sorted. Buying a house may seem complicated, but you can rely on experts to help get everything done.
Here are a few common terms you’ll become familiar with:
Exchange – you have paid a deposit, and technically own the home.
Pre-settlement inspection – your final inspection through the home to ensure it’s in the same condition as when you made an offer.
Settlement – the home is officially sold and transferred into your name.
- After all the paperwork and loan documents have been signed, the sale is closed and the home is yours!
What you can expect from us
If you’re keen to find a house in a specific suburb or area, such as Molonglo Valley, please register your interest with us.
We can help you make sense of the process, and guide you through everything from finding the right home to finalising your purchase.
Our approach is absolute honesty and transparency, and we’re happy to share everything we’ve learned across the last 10 years in real estate to help you make an informed choice.
We also have strong relationships with local mortgage brokers, solicitors, removalists and more, to ensure you have all the help you need along the way.
To learn more about buying a home with Kercher Properties, please call Jessica Kercher on 0475 299 055 or email email@example.com.