Powered by Leverage Listings

Who is involved in the process of purchasing a property?

Powered by Leverage Listings

Who is involved in the process of purchasing a property?

Throughout the entire process of purchasing a property, several different professionals are required to be involved in order to ensure that all financial, legal and safety considerations are met for your peace of mind.

Below is a basic explanation of some of these professionals. Your Buyer’s Agent can advise further.

Buyer's Agents (or Buyer's Advocates)

Although not necessary, buyers in Australia are more likely to engage the services of a qualified Buyer’s Agent to act on their behalf to research locations, inspect properties, liaise with selling agents, negotiate, bid at auction and a number of other services.

This saves the buyer precious time, money, and stress.

Mortgage Brokers and/or Financial Advisers

These qualified professionals will review your personal financial situation in the short-term to determine your potential borrowing capacity. In the medium to long-term they can advise you on managing your entire finances for the future, up to retirement and beyond. Not just regarding the purchase of property.

Building and Pest Inspectors

Prior to purchasing any property, it is strongly recommended to carry out Building & Pest inspections (B&P) by qualified professionals to identify and document any previous, current or future issues with a property.

Findings from these inspections may allow prospective buyers to negotiate a lower purchase price to allow for addressing any such issues. If serious issues are found, you may be entitled to cancel a contract of sale.

Conveyancers / Solicitors / Valuers / Legal

These legal professionals assist all parties in the purchase process by ensuring that all legal requirements are met regarding property titles, identifying owners, ensuring financials are arranged, contracts are signed, unconditional and complete prior to submission for the settlement process and more.

Throughout the entire process of purchasing a property, several different professionals are required to be involved in order to ensure that all financial, legal and safety considerations are met for your peace of mind.

Below is a basic explanation of some of these professionals. Your Buyer’s Agent can advise further.

Buyer's Agents (or Buyer's Advocates)

Although not necessary, buyers in Australia are more likely to engage the services of a qualified Buyer’s Agent to act on their behalf to research locations, inspect properties, liaise with selling agents, negotiate, bid at auction and a number of other services.

This saves the buyer precious time, money, and stress.

Mortgage Brokers and/or Financial Advisers

These qualified professionals will review your personal financial situation in the short-term to determine your potential borrowing capacity.

In the medium to long-term they can advise you on managing your entire finances for the future, up to retirement and beyond. Not just regarding the purchase of property.

Building and Pest Inspectors

Prior to purchasing any property, it is strongly recommended to carry out Building & Pest inspections (B&P) by qualified professionals to identify and document any previous, current or future issues with a property.

Findings from these inspections may allow prospective buyers to negotiate a lower purchase price to allow for addressing any such issues.

If serious issues are found, you may be entitled to cancel a contract of sale.

Conveyancers / Solicitors / Valuers / Legal

These legal professionals assist each party in the purchase process by ensuring that all legal requirements are met regarding property titles, identifying owners, ensuring financials are arranged, contracts are signed, unconditional and complete prior to submission for the settlement process and more.

Buyer's Agent Fees

I offer all of my first home buying clients fixed fee costs to provide whatever services they require, rather than a percentage of the property purchase price so that they know clearly how much to allow for in their budget.