Why buy a property through RMA Real Estate?
RMA Real Estate Sales Team specialises in residential and commercial property sales. We provide comprehensive expertise and excellent service for our clients with the highest degree of professionalism and transparency.
Our sales team consists of top professionals in the real estate industry. We have an outstanding reputation and experience to provide valuable, accurate advice and a unique insight concerning the local market.
The buying process can be challenging, daunting and confusing even to those with the previous purchasing experience. At RMA Real Estate, we are fully committed to providing you with the highest customer service level and assisting you with the entire property buying process.
Our sales team is available all the time to help you address any questions or concerns. We have properties that are suitable for every budget and lifestyle. If you are currently looking for a home, RMA is the right destination to help you find the perfect one. We actually make the relocation process an enjoyable experience!
Tips for buying a property
Speak to a home loan specialist and understand your borrowing limit
A home loan specialist will assess your monthly expenses, annual income, assets and debts to determine your borrowing capacity. You will then understand how much you could borrow and get an estimate of your mortgage repayments. It is therefore important for you to understand the real cost of buying.
Sign an agency agreement with your appointed real estate agent
Remember, an agent must have a Real Estate Agent’s Licence issued by NSW Fair Trading to sell a property in NSW. Before the agent can market your property, they must sign a contract with you, called an Agency Agreement. An Agency Agreement is a legally binding contract, and it is important that you read and understand it. If you are not sure about the agreement terms and conditions, it is advisable to seek legal advice.
Inspect the property carefully and thoroughly
You need to participate in open home inspections to ensure that the property is appropriate for your needs. You also need to inspect the property in person to appreciate the condition, property layout and investigate the neighbourhood before making the final decision. It helps you to avoid buying a property with undesirable conditions.
Different ways to purchase a property
Buying through private treaty or private sale
A private treaty sale is the most common way to buy a property. The seller will set the reserve price after conducting a market research or having discussions with a professional Real Estate Agent to determine the most realistic outcome. If you desire to be a private treaty buyer, here are the steps that you need to know:
a. Potential purchaser to make an offer
b. Agent to help the potential purchaser and engage in a price negotiation
c. Vendor to accept an offer
d. Contract reviewed by your solicitor or professional conveyancer
e. Sign and exchange the Contract of Sale
f. Make a deposit
g. Prepare for settlement
h. Conduct a pre-settlement inspection
i. Settlement
j. Conduct the final inspection
k. Obtain the keys and move in
Buying through private treaty or private sale
a. Potential purchaser to make an offer
b. Agent to help the potential purchaser and engage in a price negotiation
c. Vendor to accept an offer
d. Contract reviewed by your solicitor or professional conveyancer
e. Sign and exchange the Contract of Sale
f. Make a deposit
g. Prepare for settlement
h. Conduct a pre-settlement inspection
i. Settlement
j. Conduct the final inspection
k. Obtain the keys and move in
Buying at an auction
An auction is where potential buyers gather to bid for a property publicly. It is usually conducted by a Real Estate Agent, acting as an auctioneer and strict rules govern the process.
Buying by tender
When a property is for sale by tender, interested parties will give confidential written offers to the agent in sealed envelopes before a specified end-date.
Buying ‘off-the-plan’ projects
Properties can be advertised for sale before the building has been constructed. Buying this type of property is known as ‘buying off the plan’.