The Purchasing Process for purchasers

It is a good idea and, to save some time if you already have finance sorted before you begin searching for a property.

Property Inspections

Once you have chosen your property you should before you exchange a contract arrange for certain inspections to be carried out on the property which can be arranged by us or you can arrange them yourself and these inspections include, pest inspections, building inspections, strata inspection report, council building certificate and maybe a survey report.

Upon receipt of these reports, further negotiating maybe or may not be required before exchanging Contracts. We also suggest prior to exchange of Contracts that you inspect the property yourself with the agent and check that these items are working for example: oven, stove cooktop, rangehood, dishwasher, light switches, heaters, air conditioners, ceiling fans,that  door handles work, sliding doors, garage roller doors, any damage to any floor coverings or any evidence of damage to the property and we suggest you take photos.

Exchange of Contracts

After all reports have been completed and all negotiations have been finalized and agreed by both parties, it is then that the purchaser pays the deposit and contracts are signed by both parties and are dated and the contract is then exchanged and legally binding.

Cooling Off Period

The purchaser is entitled to a 5 business day cooling off period and can withdraw from the Contract within this time. If they do withdraw they lose 0.25% of the deposit to the vendor.
There is no cooling off period available for a purchaser at an auction.

Between Exchange and Settlement

You should sign loan documents, arrange insurance of the property, arrange connections of services like phone, gas and electricity. Have your mail redirected. Arrange a removalist.
We correspond with your bank and provide all the necessary documents as requested by them. We also carry out all the statutory searches of the property from government authorities.
Prior to settlement you need to contact the agent and  arrange a final inspection of the property either a couple of days before, or, on the morning of settlement and ensure the property is the same as it was when your contract was exchanged. If there is any uncertainty or there is damage to the property, you need to advise us as soon as possible.


At the settlement the balance of money payable for the property will be paid which includes adjustments for council rates, water rates and strata levies if purchasing a unit and stamp duty. Your bank will collect the title documents for registration into your name as the new owner.
Once settlement has taken place you are then allowed to collect the keys from the agent and move in. Make sure your Insurance is ready to begin before settlement.

After Settlement

We notify the following departments that your purchase has now settled and they include the agent, the Council, the Water Board, Land Titles Office and other statutory authorities which are applicable to your purchase depending if you are purchasing rural property, residential or a home unit.