Are You Going To Buy A Home?
Should you be an oversea’s buyer looking to invest in the real estate market in Australia then the procedure is relatively straight forward but can take some time. Permission must first be sought from the Australian Foreign Investment Review Board.After you have found the Hunter Valley Real Estate you wish to buy then an offer is tendered. This offer is then approved or rejected. A counter offer will be submitted by the owner of the property if he fails to accept your offer.Once agreement has been made, a 10 % holding fee is required while the Contract of Sale is drafted. During this time the buyer can withdraw from the sale and get the majority of their deposit back (minus administration charge).Whilst the Contract of Sale is being drawn up the vendor must make certain that the property is fit to sell. The buyer also needs to ensure that all paperwork is in order and organise finance if required.The rest of monies must be handed to the seller upon signing of the final sale papers.
