Step Three: Properties
Finding the right property is the most time-consuming stage of the Buying Process but it’s also the most enjoyable. This is where Hello Haus differs from a buyer’s agent – we don’t take away the fun of house hunting. We take away the stress of negotiations.
So, with finance pre-approved and a defined features list, house hunting begins online in either one of the two leading real estate portals in Australia – www.realestate.com.au or www.domain.com.au. Since most properties are listed on both sites so choose the one that you find easiest to navigate and stick with it.
Utilise your preferred site’s filters to match your key features list, then save the search. Both Domain and RealEstate.com have email alert features, and if you set this up you will be advised of new properties as they are listed.
Once you are set up online, follow our top tips for House Hunting, below:
Introduce Yourself to Local Agents
Agents will arrange private viewings and make you aware of off-market listings if they know that you’re ready to buy so reach out to them! An email outlining your key features as well as your budget is a good starting point.
Attend Open Homes
Don’t be too picky at the start. It goes without saying that the more properties you view in-person, the better you will be able to gauge the market.
View properties that you are and aren’t interested in and include properties that are listed up to ten per cent above your budget.
Attend Public Auctions
The only way to gauge the value of properties sold at auction is to go along and see for yourself.
This is because published sales data hides auction details. If only one party is bidding, a property may sell well under value. If there are multiple parties competing, a sales price may be pushed above expectations.
Explore the Neighbourhood
Get out into the neighbourhoods you’re interested in and do it on foot. Visit the streets where houses are listed, not just suburbs in general and go at varying times – mid week, weekends, peak hour, school pick-up and late at night.
Shortlist and Inspect Again
Arrange to view your preferred properties again – not once, but twice, and be sure to conduct house inspections at different times of the day and night. Take a friend or family member with you as an objective, second set of eyes and make notes.
Forewarned is Forearmed – Do Your Research
Take the time to research suburb sales data. Both realestate.com.au and domain.com.au have ‘SOLD’ listings though the sales price may not be advertised. In this case, you will have to reach out to the agent to get that information. Filter the search results by date as the most recent sales are the most relevant.
Invest in history checks on your shortlisted properties. Websites such as www.apm.com.au or www.pricefinder.com.au both provide previous listing and / or sales data. They are both paid services, but knowing when the vendors bought, what they paid as well as what, if any, improvements have been made since the property was purchased will help you to calculate the property’s current market value – crucial to avoid overpaying.
House hunting wraps up when you have one or two properties that you have researched thoroughly and would be happy to make an offer on. Now is the time to engage Hello Haus.
When negotiations begin, our decades of real estate agency experience are on your side to secure the property you want for the best deal. We’re experts in saving you money.
Have you found the one? Appoint an experienced Hello Haus real estate agent to act on your behalf and negotiate the best deal.
Step 4. Negotiating.
Making an initial offer.
Show that you’re serious with a time-limited offer, in writing on a contract of sale with your deposit cheque ready to be presented to the vendors.