One: Make sure you have your finances in place. If your offer and acceptance document is subject to finance, you will be in a weaker negotiating position compared with someone who has finance approval.
Two: It is important the offer is as close to the market value of the property as you believe. This will help ensure you secure the property.
Three: The offer document should include items in the property you want but would be removable, such as an outdoor spa.
Four: Ask for a copy of the title when making an offer so you can see exactly what you are buying.
Five: If you want to include any special conditions as part of the offer to buy, such as undertaking a building inspection within a specified period, they should be clearly stated in the offer document.
Six: If you need finance approval, make sure you allow time to get it.
Seven: Allow enough time for settlement. You should undertake a final property inspection before settlement and you may need time to rectify faults in the property.
Eight: Nominate a settlement agent when you complete the offer. This can save delays in settlement.
Nine: In terms of the electrics of the building, employ a reputable electrical contractor to check all of the electrical outlets for a small fee.
Ten: If buying a home through private treaty, check all associated costs, such as the cost of the settlement agency. You may be able to negotiate some of these fees.