facebook-page   intagram-page   twitter-page   google-plus-page   youtube-page

30 March 2017
by Anthony Van Der Wielen









No matter how much time you spend on researching and educating yourself about your home purchase, it’s hard to cover every detail. Here are a few tips for avoiding rookie mistakes with your first home purchase.

  1. Save as early as you can: Even if you think you’re years away from buying your first home, try to start saving for your down payment. It makes a huge difference in your monthly payments.
  2. Be thorough with mortgage shopping: There are countless resources out there that can help you get the best terms for your mortgage. It may seem like a lot of work to shave less than a point off your mortgage rate, but it’ll save you thousands in the long run.
  3. Consult a sceptic: You’re likely to fall in love with a home, and that can make it difficult to take problems seriously. Bring along a sceptical friend or family member who can give you an honest opinion.
  4. Be patient with getting settled: You’ll be anxious to make your new home your own, but take some time to see how your budget truly shakes out. In other words, hold off on big furniture purchases and remodelling projects.
  5. Make sure you’re happy with the neighbourhood: The house may be perfect, but don’t discount the surroundings. You don’t want to end up in the suburbs if you’re going to miss walking to your favourite coffee shop, and you don’t want to settle for the city if you’re looking forward to some peace and quiet.

The home buying process is always overwhelming. However, if you have an organized approach you can greatly reduce the chances of making an expensive mistake. Remember all the old advice about buying your first home. Have an emergency fund, get your credit into shape, save for the down payment, and don’t buy a house you cannot afford


01 March 2017
by Anthony Van Der Wielen











The next step after celebrating a successful offer on a property is settlement. Below are the things you need to know to ensure you are organised leading up to the big day!

Understand settlement

The settlement of a property is usually conducted between your settlement agents and your financial representatives and those of the Seller. Ownership passes from the Seller to you, and you pay the balance of the sale price, less the deposit already paid.

The seller sets the settlement date in the contract of sale which is usually 30-90 days or any other date that both parties agree on.

On settlement day, at an agreed time and place, your settlement agent (solicitor or conveyancer) meets with your lender and the seller’s representatives to exchange documents. They organise for the balance of the purchase price to be paid to the seller.

Final Inspections

The week before settlement, you will have the opportunity to do a final inspection of the property. You will need to contact the agent to arrange this inspection as they will go along with you.

The Seller must hand over the property in the same condition as when it was sold. Check that all the items listed on the contract are there and in the right condition/working order. Some items to check are:

Appliances, hot water system, heating and cooling units, structure, walls, light fittings, window and floor coverings, keys, locks and any garage door remotes.

Understand Outgoings

At settlement, all outgoings such as rates and other charges are adjusted between you and the seller. The seller is responsible for rates up to and including the day of settlement. You are responsible from the day after settlement.

You’re also responsible for paying land transfer duty or stamp duty. It’s usually paid on the settlement date. The title to the property won’t be transferred to your name until you have paid this duty.

Collect Keys

Once settlement is completed, you can collect the keys from the agent and take possession of your new property.



      facebook-page-footer   intagram-page-footer   twitter-page-footer   google-plus-page   youtube-page
Login | Privacy Policy | Disclaimer | © 2015 Empire Property Solutions