Step 1: Research and Planning
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Define your goals: Determine what you're looking for in a property (e.g., investment, primary residence, rental income).
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Set a budget: Calculate your affordability, including savings, income, and expenses.
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Choose a location: Consider factors like proximity to work, schools, public transport, and amenities.
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Research the market: Look at property prices, trends, and growth prospects.
Step 2: Get Financed
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Check your credit score: Ensure you have a good credit history to secure better loan rates.
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Gather financial documents: Collect payslips, bank statements, and ID documents.
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Compare loan options: Research and compare home loan rates, terms, and conditions from various lenders.
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Get pre-approval: Obtain a pre-approval letter from your chosen lender, stating the approved loan amount.
Step 3: Find a Property
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Work with a real estate agent: They can help you find properties that match your criteria.
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Search online: Utilize property websites, apps, and social media to find listings.
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Inspect properties: Visit potential properties to assess their condition, layout, and surroundings.
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Consider additional costs: Factor in costs like stamp duty, conveyancing fees, and inspections.
Step 4: Make an Offer
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Determine a fair price: Research the market value of the property and decide on a reasonable offer price.
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Submit an offer: Present your offer to the seller or their agent, including any conditions (e.g., financing, inspections).
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Negotiate the terms: Be prepared to negotiate the price, settlement period, or other conditions.
Step 5: Finalize the Purchase
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Sign a contract: Once your offer is accepted, sign a contract outlining the terms and conditions.
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Conduct inspections and due diligence: Organize pest and building inspections, and review the property's title and any outstanding debts.
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Finalize financing: Complete any remaining loan documentation and ensure the lender is ready to settle.
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Settle the property: Attend the settlement meeting, where the property ownership is transferred to you.
Additional Tips
Seek Professional Advice:
Seek professional advice: Consult with a solicitor, accountant, or financial advisor to ensure you're making informed decisions.
Don’t Get Emotionally Involved:
Biggest mistakes are made when FOMO (fear of missing out), insults your decision making. There is always another property around the corner (maybe a better one).
Be patient and persistent:
Buying a property can be a lengthy and sometimes challenging process.
Stay organized:
Keep track of documents, deadlines, and communications to ensure a smooth transaction.
Remember, buying a property is a significant investment, and it's essential to take your time and make informed decisions.
OR
You can engage a buyer’s agent. Steps from 3 to 5 will be the sole responsibility of a buyer’s agent. That will save time and money.
I am here to help you achieve your goal of buying a property the right way. I'm a fully licensed real estate buyer's agent working solely on behalf of a buyer. In a game of property purchase a buyer is usually the one who can lose the most, financially and emotionally. Amateur property buyers are dealing with seller's agents and auctioneers without any help. These professionals only represent the side of the seller, to them the buyer is just a source of money. They are professional negotiators and they can achieve great results for the seller. And who is on the side of the buyer, – nobody. A buyer is alone with his worries and lack of experience.
How many times an ordinary person buys a house during his lifetime? Two, three, even ten times, it still means that it's done very rarely. At the time of purchase, you are up against the best salespersons in the industry, who offer their services daily. Top seller real estate agents sell more than a hundred properties a year which means there is a property sold every 3 days. Do you have a chance against them or auctioneers? Their main job is to squeeze the last penny out of you. That is where you need help from the buyer's agent. An agent who represents YOU. That is who I am. I have purchased real estate for more than 35 years. I can help make this process a positive experience, instead of pain, wasted time, and many, many other problems and unforeseen events. Can a buyer’s agent save you money? Yes he can. I have the necessary negotiation skills to get you a better deal. In case you are still interested please go to the next section. Thank you.
Additional Tips
My name is Vasily Voronin. I am a buyer's agent and a building inspector. I have a diploma of property. I was blessed with the ability to purchase my first property 37 years ago. Since then all my life has been dedicated to making profit on property deals. My occupation as a buyer’s agent included purchasing and renovating property, flipping and also building of the plan. The vast majority of my clients were based internationally. I'm a professional builder with more than 35 years of practical experience in residential and commercial real estate.
I have my own property portfolio in 3 different countries. I have extensive knowledge in purchasing land and building custom new builds, constructing extensions, renovating, and adding value to existing properties. I own and operate a maintenance business.
How Can I Help?
I can use my market research skills and my technical knowledge in many aspects of construction engineering that blend in a very thorough investigation process on behalf of my clients. In my line of work, I regularly and thoroughly prepare houses for sale helping leading real estate agents in South Australia get the best selling results at auctions and private treaties. I know most tips, bells, and whistles of that creative job. Using my experience I can see most cover-ups that are used in renovating properties before the sale.
This gives me the ability to notice possible setbacks on behalf of a property purchaser. Using this practical knowledge it's easy to prevent my clients from buying a lemon. The real estate market doesn't always go up and forgive all mistakes during property purchase. I can offer quotes and various advice using my professional knowledge of renovating and maintaining property and about possible improvements that can add value.
My clients will not need to engage a bunch of hard to reach tradies, to get quotes for prospective future property renovations. I can do it for them. I can also give tons of free advice on all aspects of property development, renovations, repairs, and maintenance.
Recommendations
You have decided to purchase a property. There are some must-haves to make the process of buying work smoothly. You need to understand and have a clear plan of what exactly you want from your property purchase. Whether you are an investor buying to make money, a first home buyer seeking a dream home, or, an international client that has never set foot on Australian soil, you should engage a buyer’s agent.
All these groups of people and many others need to know and carefully plan what are their requirements. You must know the exact numbers of bedrooms, dimensions of a block of land, number of car spaces, living areas, favourite suburbs, proximity to the beach or on the contrary closer to the hills, type of building, age of the building, preferable method of buying (action, best offer, private treaty), public transportation availability, etc.
Deal with all the people in your family who are entitled to make decisions and be with them on the same page. It's all very important. To help you find what you want, I need to understand EXACTLY what you need. You have to be precise and realistic. The market sometimes changes so rapidly, that the starting budget has to be adjusted every month, or your brief has to be changed according to recent market conditions.
The Investment
What is the overall cost of my services? After the agent agreement is signed, a fixed non-refundable consultation fee will be charged (1200 dollars). Overall charge will be 1,5% of the purchased price (this will include property searching, open inspection attendance, negotiation faze, and full buyer’s representation). I will investigate and present you with suitable properties according to your brief, in case you are happy with one of them, then a contract of sale can be signed. 30% of 1,5% of purchased price will be charged at this stage.
The rest of the sum will be invoiced after the settlement. I can also offer pre-purchase building inspections, auction bidding, renovation plans, sketches, and quotes, for additional pay. I perform some of the work myself in the scope of my builder's license. I can help you understand how to hire, recommend and even supervise (I have supervisor’s registration by CBS in SA) other contractors according to my time availability.
I'm also ready to use all my experience and understanding of the local building industry to help you gain the best results in purchasing your property. All my advice is FREE of charge and it can save you heaps. I know many real estate agents personally and that helps with negotiations. I have access to off market properties.
Why Hire Me?
1. Complete local market understanding.
2. More than 35 years of experience in building construction
3. Practical construction knowledge with lengthy maintenance experience.
4. I’m a qualified and certified Building inspector, I notice more than others.
5. I personally inspect properties, attend actions, and deal with RE agents.
