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Professionals Avon Valley

120 Fitzgerald Street Northam

08 9622 7007

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Top 5 Frequently Asked Questions- Home Buyers

28 Aug 2017 Professionals Avon Valley 0 Comment

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Are you a home buyer and stumped on where to start when purchasing your first home? Have questions that have been left unanswered? Professionals Avon Valley are here to help you make the purchasing process a lot easier on you! Here are our Top 5 Frequently Asked Questions:

The answer is YES! By doing this, it allows you to fully understand exactly what you can afford. There’s no point viewing homes that are priced in the $450,000-$550,000 when you have only been approved for $250,000. This will make your house hunting process a lot easier.

 

Stamp duty is a tax on the sale of property and shares and covers the costs of changing the title of the property and ownership details. Depending on your circumstances, you may be exempt from paying stamp duty.

 

It depends on what area you live in. For example, the Wheatbelt area, it is advised that you should have a 20% deposit. Whereas other areas may only need 5-10%. You can discuss that with your chosen bank provider. Most home buyers generally want to put a 20% deposit down, if not more to take the mortgage repayments down.

 

Property settlement is a legal process. It’s a good idea to have a solicitor or conveyancer help you. The settlement period is typically 30-40 days, but this may vary depending on how smoothly your settlement runs. On settlement, you are given ownership of the property and then you pay the outstanding balance of the sale price.

 

No in most cases you don’t. Our Sales team at Professionals Avon Valley do not charge to help you find your new home. The sales representative you choose will only get paid once the sale of your home is complete. The payment comes from the Seller, who agrees to the schedule of fee’s when listing their home with their agent.

 

These are our top 5 Tips that are frequently asked from first home buyers in the area. We always strive to have a large range of frequently asked questions in easy to understand dialogue to help our clients feel comfortable and knowledgeable throughout their journey of buying a home through our office. If there are any other questions you may have before beginning the process of buying your first home, our sales team will be thrilled to help!

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