Making an Offer
Making an offer on a Wembley Downs property generally involves the steps below.
- Meeting with the Real Estate Agent to put the offer in writing
- The agent presenting the offer to the owner
- Negotiations between you, the seller and the agent to arrive at an agreed price and set of conditions
- Contract being accepted by buyer and seller
After the offer has been accepted the typical steps are
- Payment of a deposit into the Real Estate Agents sales trust account
- The buyer conducting pest and building inspections on the property within defined time frames (if written in the contract)
- Building inspections are normally conducted at the Buyers expense within 5 business days of the offer being accepted.
- Pest inspections are normally completed on or before 20 days of settlement at the Buyers expense.
- If the offer is subject to finance approval it is normal that such approval be received in writing from the lending instituition within 28 days of the offer being accepted.
- A final inspection is normally permitted within 7 days of settlement to ensure plumbing, electrical and gas devices are in working order.
For more information on
1. Buying a residential property in Western Australia download the Department of Commerce “Buying a Home Guide” and “Sale by Offer and Acceptance”. Click on the photographs or buttons below to download the guides.
Click Here – To download the guide to “Buying a home through an Agent”.
Click Here – To Download the “Sale by Offer and Acceptance Guide”.
2. For hints and tips on how to make an offer visit the www.realestate.com.au web page on how to negotiate when making and offer by clicking on the photograph or button below.
Click Here – To view Home Buying Tips from Realestate.com.au
3. For Hints on how to make your offer more attractive view the YouTube video published by Sherrie Harrison, Co-Principal of Raine & Horne Prospect / Northgate in South Australia.