Looking to Buy?
Whether you are buying for the first time or are a seasoned buyer, the Jump team will provide you professional advice and support throughout the buying process.
The Jump team are up to date with any grants or concessions that may be available to you such as the First Home Owners Grant or the Seniors Housing Grant. See revenuesa.com.au for more information.
So, what can you expect when buying a house?
Gather your team & get your house in order!
Talk to your mortgage broker as they can assist you to understand the many lending products available and help you establish your buying capacity. A good broker should keep you updated as banks have ever changing policies, let the broker do the heavy lifting!
Find a conveyancer who will assist with the legal component of purchasing and the settlement process. If you don’t have a conveyancer ask the team from Jump, we can offer a referral to several trusted professionals who we deal with regularly and know to be prompt, efficient with great communication & service.
Go house hunting
The fun begins! Set up alerts on websites such as domain.com.au or realestate.com.au for property coming onto the market in areas of interest to you. Prepare a wish list of the features of your ideal property.
Get out and about and visit as many properties as you can to develop an idea of the market in your chosen area. Attend opens, talk to the Agent and take notes. Use online resources (such as pricefinder.com.au) to gain an idea of sales in your suburbs of interest. Speak to Agents and tell them what you are looking for and asked to be put on their data base so that you can be contacted when a property comes up that matches your housing needs. There are sometimes ‘off-market’ properties that are sold directly from the agent’s data-base.
You have found a property you like and want to make an offer
Now things are getting interesting! Ask for the Form 1. This document should be available to review when the property goes to market and is a disclosure by the vendor about their property, about such details as council rates, council approval for improvements and additions, whether any other party has an interest in the property or if the property has any easements. There are different rules about the Form 1 for private treaty and auction. Use your conveyancer to navigate and understand the Form 1.
Completing an Offer Form / Letter of Offer is not the same as completing a contract. The Agent will be in contact and invite you to sign a contract of sale which becomes legally binding once the vendor agrees to & accepts your offer.
Buying at auction requires that you have undertaken your research on the property, including any building & pest inspections before auction day and that you have your finance arranged. When buying at auction you sign a contract of sale. This is legally binding and unconditional as there are no cooling off rights (see below) and cannot be subject to any conditions (also known as ‘cash-unconditional’). You will need to pay the deposit (or part thereof) on the day of the auction.
Going to contract
For private treaty / by negotiation sales the ‘cooling off’ period is two clear business days. This allows purchasers to organise a building inspection or pest inspection and they can withdraw from the sale if there are any concerns.
Once the cooling off period has ended you will be required to pay a deposit (often 10% of the purchase price). This is paid to the selling Agent and is held in their trust account until settlement; their office will provide you details and instructions on how to make payment.
You may also have a subject to finance clause and a time frame (usually 14 days) in which your bank or broker needs to obtain formal approval of your loan. A valuation may be required on the property you are purchasing, this can be arranged by your broker or bank.
Your conveyancer will support you through the settlement process and advise on what you need to have in place prior to settlement. It is a complex legal process whereby your conveyancer will verify your identity, prepare transfer of land documents, book settlement with your bank, transfer titles, and calculate rates and taxes. Once settlement is completed you will be contacted by your conveyancer and you will be able to collect your keys.
The fun bit!
Pick up the champagne. Order the takeaway. Get over to your new abode to celebrate your new purchase with your favourites!
Loads Of Potential, Renovate Or Extend This Solid Brick Beauty On A Huge 836SQM
Presenting an extremely rare opportunity for discerning home buyers to purchase this solid brick family home on an original full sized allotment of 836SQM (approximately) built in 1956 this much loved, one owner home was built by the family themselves. Many fond memories are shared by the owners of growing up in a fabulous family friendly suburb where everyone knew who you were, what you were up to and where the kids played together in the streets and the parks and only returned home at night for tea: I'm sure a lot of us remember times like this from our own childhood.
The home offers 4 generously sized bedrooms, a formal living room with a bay window overlooking the front yard, a formal dining room with views out to a sheltered courtyard along with a spacious kitchen featuring a vast amount of cupboards and storage complete with a casual meals area and a newly renovated bathroom in the center of the homes' floor plan. Rounding out the accommodation of this home is a good sized laundry, a retreat area towards the rear of the home and 2 separate toilets one of which offers powder room facilities.
The home has gas hot water, ducted reverse cycle air conditioning and a solar array of approximately 4.0KW was installed in November 2013; this is an impressive list of features and offers home buyers comfortable & convenient family living immediately should you choose to move straight in. These impressive features can also be enhanced by remodeling and extending this solid brick home to possibly include a large rear facing open plan kitchen living and dining area that may even overlook an inground pool (S.T.C.C) subject to all the usual council consents.
With an impressive amount of under-cover parking both in front and behind the automatic roller door of the garage, there is plenty of room for the boat, caravan or those enthusiasts the classic car. The huge back yard also plays host to a good sized shed and a garden shed, there is a covered shade house and a back verandah as well that provides a place to enjoy a quiet moment with family & friends.
The backyard is very well established with numerous, trees and garden beds, whilst offering the keen gardener plenty of open sundrenched spots to do your own thing and create new beds and plantings of your own. A secure child & pet safe backyard of this size is becoming more highly sought after by many as the rush on new development sees many grand homes on big blocks redeveloped into courtyard homes with little to no room at all in a tiny dark courtyard or back yard dominated by a clothes line and air-conditioning unit.
The things about 42 Blackler Avenue that you will love are:
• Big land holding of 836SQM offering lots of room to extend, build a pool, have an amazing garden. Room for the kids and their pets.
• Solid brick construction offering the tradies / builders an opportunity to extend / renovate this home & realise their vision of modernopen plan living.
• Fully optioned with gas HWS, new bathroom, 4.0KW Solar array, ducted reverse cycle air-conditioning.
• Close proximity to public transport, local parks & reserves, great local schools and easy access to local shopping centres and small boutique cafes.
• Perfectly positioned in one of Adelaide's hottest "Now" suburbs Plympton Park is that perfect Western Suburb with easy access to our famous sandy beaches, whilst within very easy commuting time to the CBD.