It is really important for a buyer to know what options he/ she has when it comes to the ways of buying a house. There are many styles of houses for you to choose from like Colonial, Victorian, Federation, pre and post World Wars, 20th century and the contemporary styles. But the genuine concern for the buyers is the ways in which they can buy these houses.
Finding the Right Property for Yourself
First, you the buyers have to search for the right type of house that suits your dreams. As buyers, you must consider many points that are crucial if you want to buy the house you always wanted. Experts suggest that the most suitable alternative is Stop renting start buying. There are other options that you can examine. The following are the approaches through which you can find a house.
Hire a Real Estate Agency
A real estate agency consists of many departments that work together to make a deal successful. You can hire them for many different purposes like buying, selling and renting. A good real estate agency must cover all aspects of buying a house. This includes property negotiation, legal assistance and property management. The staff should have agents, appraisers, house inspectors and property attorneys to handle all.You don’t have to individually hire people; just go to a real estate agency and leave the rest to them.
Appoint an Agent
You can have another option of appointing an agent to do all the work. There are mainly 4 types of agents whom you can appoint according to your needs.
- The Listing Agent who works on behalf of the seller.
- Agents who represent the buyers.
- Sometimes one agent does the work for the buyer as well as the seller.
- Transaction agent is only a facilitator to the buyer and seller.
Best Websites for Property
The latest method of fining the ideal property is through a website. There are hundreds of property companies that have given their clients the option of searching for the house they always wanted online.The websites give clientsvarious options to choose from. The buyers can enter the required data and multiple options can appear.These websites like Stop Renting Perth also provide consultancy for various locations.
Select the Best location
There are various locations that are suitable for different kinds of people. Australia is filled with a wide variety of locations and sceneries from the cities with all its glamour to the dazzling natural beauty. Different cities in Australia are fitting for various types of people.
- For students and families, Melbourne is the best city.
- The young professionals prefer to live in Sydney.
- Retired people like to dwell in Brisbane.
- Investors pick the capital Canberra.
5 Well known ways to buy a House
When you have decided the type of house style you want to buy thorough found the right source of buying; now it is the time to select the way to buy the house. There are mainly 5 ways in which you can buy a house. These are the ways that every estate agency, agent and the website will ask you.It is very important that you know about them
Stop renting start buying
It is the easiest way to buy a house in which the buyer can purchase the house that he/ she has already rented. It basically consists of two stages; one is the renting phase and the other owning stage.
- In the renting period, the buyer makes routine payments for a time of 3 to 5 years or till the whole payment if the property is not paid.
- When the payment of the house is paid in full through the rent; only then the tenant has the legal right to the property.
The Private Treaty
In this private sale, the seller sets an amount for the house. This house is put on the market on websites, in newspapers and even given to various agencies and real estate agents. The buyers can offer the price that they want to pay for the property. The agent or agency acts as a negotiator between the seller and buyer. After finalisation of the deal; the seller takes some time for the formalities to be fulfilled and then hands over the house to the buyer.
Buying through Auction
Most of the buyers prefer this process of purchase. When a house is listed for sale; the potential buyers offer their respective prices starting from the minimum. The bidding begins and gradually reaches the amount that is required and ideal for the seller. Auction always happens after 30 days of the property listing.
The Tender System of Purchase
It requires a formal proposal on the part of the buyer. You have to be very careful in submitting the offer as there are others also and you are unaware of the price offered by the other.
In this way of purchase, the buyer has to send a proper expression of interest to the seller. You have to keep in mind that it must be done in the time period provided otherwise you can miss the chance.
So, you can see that there is an expression of interest, auction, private treaty and Stop renting start buying options to choose from when purchasing the house you always wanted.