You’ve found your dream property and put an offer in.
Congratulations!
What next?!
This is such an exciting time but can also be stressful if you don’t have an understanding of what happens next.
Once you have put in an offer, it is not a guarantee you will get the property.
In some cases there can be multiple offers presented to the sellers. The seller, sometimes called the vendor, can either make a counter offer, reject the offer, or accept it and communicate that acceptance to the buyer (which is hopefully you!).
The seller is free to accept any one particular offer, or none of the offers, regardless of the order in which the offers are received.
It is worthwhile noting that you won’t always know a Seller’s reason for accepting other offers, and it might not always be because another offer was higher.
If you don’t have pre-approval and have put in multiple offers and keep missing out, get in touch for a 15-minute Discovery call to discuss getting Pre-Approval.
If your offer is accepted – well CONGRATULATIONS!
Both you and the seller will sign a contract, this is called different things in each State or Territory in Australia. This agreement is legally binding, requiring both parties’ commitment to the sale, and typically involves the buyer providing a deposit. It’s important to note that the process varies by state, necessitating expert advice.
If you have signed a contract, please reach out and send it through to our office as soon as possible! [reach out – link to the office phone – 0488758870] (send it – hyperlink to the Broker@tuskfinance.com.au email)
We can get the ball rolling to submit an application for finance approval. There are other steps after this point, but we can walk you through them.
At a glance, you’ll need to engage a Settlement Agent (also known as a conveyancer, or solicitor) and there are various inspections required as part of the sale of a property, this generally includes pest and building inspections (which the buyer organises).
So Let’s Do This!
