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!
Architecturally Stunning, Bold Visually, Located Handsomely, Work, Rest & Play Covered!
Fabulous Location In Mawson Lakes, Possibly The Perfect Home For You To Live In Or Invest...
Surrounded by parks and bike tracks and walking trails around the Linear Park and around Sir Douglas Mawson Lake, this townhouse offers convenient access to a wide range of shopping with the fabulous Romeos Foodland very close and handy; literally a 5 minute walk will have you cruising the well stocked aisles doing the grocery shopping, along with nearby specialty retail, restaurants, banking and other services commuting to the city has never been easier with the Mawson Interchange within walking distance.
Also located within walking or cycling distance to UniSA, Mawson Lakes School and Endeavor College, Mawson Lakes Shopping Centre including Woolworths and The Boat Deck Cafe.
Completed in late 2017 this quality built, home well equipped for a modern fast paced lifestyle would suit a first home buyer or professional couple looking for practicality and lifestyle; the home would also be a great investment property with a ready supply of students and professionals studying and working in ever popular Mawson Lakes.
This three storey home with double carport literally has it all. Located on the ground floor a bedroom with the added convenience of a walk-in robe and ensuite 2/ way bathroom, adjacent is the casual living area or study nook. The second floor is a spacious open plan living and dining area overlooked by the designer kitchen that opens out onto a balcony that is a great spot to unwind with a G&T on a balmy evening; just as soon as we have dispensed with winter that is. Make your way to the second floor where you can find the remaining 2 bedrooms and main bathroom that includes a separate bath as well as a separate shower and toilet.
Features of the home include 2.7 m ceilings, ducted RC/AC to upper levels, designer kitchen including S/steel appliances & dishwasher, full landscaping and fencing, quality floor coverings throughout and automatic panel lift door to the double carport.
With only a short 20 minute drive to Semaphore beach or to the CBD of Adelaide, you can watch the footy at Adelaide Oval or catch up with your friends; leave the car at home as you have a choice of the train or a bus you have the luxury of choice here on Metro Parade.
Short & to the point:
• Built in 2017 with 2.7 m ceilings to all levels
• Ducted & zoned reverse cycle air-conditioning
• Fully equipped kitchen with gas cook top, stainless steel kitchen appliances and dishwasher
• Built in wardrobes
• Private courtyards to the front & rear of the home
• Carpeted bedrooms and hallways
• Automatic panel lift door to double carport
• Recently leased at $480 per week coming now to market at lease end