Raine and Horne

Make An Offer Working out your initial offer isn’t always straightforward. You can choose to make your best offer up front, or start lower to give yourself the room to negotiate up. Contract of Sale A Contract of Sale sets out all the terms and conditions of the sale. Before you decide to make your offer, you’ll want to read through the contract. You can do this at any stage of your buying process. Exchange of Contracts As soon as your offer is accepted, or if you’ve just purchased your new home at auction, contracts are signed between you and the vendor. Most people use a conveyance/settlement agent or a solicitor to do the legal work. They can help you with preparing documents, giving legal advice on contracts and explaining the implications of any fine print. Your Deposit Once the contracts are exchanged, you need to pay your deposit; this is generally 10% of the sale price. Your deposit is paid to the seller’s real estate agent or their solicitor. The money will go into a trust account until settlement, which is when you pay the balance of the purchase price. Purchasing Your Property PROOF