1. Speak with your Finance Consultant to arrange the best loan to suit your needs. Prom Country First National Real Estate can also assist you in this process.
2. Prepare a short list of preferred locations that suit your lifestyle, bearing in mind affordability and accommodation requirements.
3. Research sales in those preferred locations. Inspect all properties in your preferred area and price range so you have a feel for the prices. Attend open homes in the area. Prom Country First National Real Estate is one of the few agents in the Prom Country region who conducts regular opens at weekends, usually on Sundays, to give buyers every opportunity to view properties at times most convenient to them.
4. Keep in touch with the Prom Country First National Real Estate team, who will be able to advise you of any additional information you may need and also inform you how you can register on our website to automatically receive notification of any new listings that hit the market.
5. When you find a property that suits your requirements, obtain a copy of the Section 32 (Vendor Statement). The Section 32 will form part of the Contract of Sale.
6. If you are considering making an offer, we recommend that you contact the Prom Country First National Real Estate team promptly who can assist you through the process.
7. By now, you should be able to make an informed decision to proceed with the purchase of the property.
8. You will now have the option to formalise your offer on a Contract of Sale. A written offer will be taken seriously by the vendor, and, if successful, secure the property for you.
9. Once a formal agreement is reached, you will be required to pay the agreed deposit (usually 10%), which will be held in a trust account.
10. In the week before settlement it is advisable that you do a final inspection. This is to ensure that the property is in the same condition as when you last inspected it, and that all inclusions are as per the contract you signed.
Real Estate News
Recent Changes to the First Home Owners Scheme
In order to assist our clients in understanding the new First Home Owner Grant (FHOG), and how they impact prospective First Home Buyers, we have compiled a summary of the main points of these changes.
1 July 2009 – 30 September 2009
These recent changes to the First Home Owner Scheme will take effect from 1 July 2009 and expire on 30 September 2009.
• The new changes impact contracts entered into, between 1 July 2009, and 30 September 2009. • First Home Buyers purchasing an established home in Victoria, will receive a FHOG of up to $16,000 ($7,000 Federal and $9,000 State contributions)
• First Home Buyers constructing or purchasing newly constructed homes in Metropolitan areas, will receive a FHOG of up to $32,000 ($14,000 Federal and $18,000 State contributions)
• First Home Buyers constructing or purchasing newly constructed homes in Regional areas, will receive a FHOG of up to $36,500 ($14,000 Federal and $22,500 State contributions)
• Eligibility criteria for the FHOG remains unchanged
1 October 2009 – 31 December 2009
These recent changes to the First Home Owner Scheme will take effect from 1 October 2009 and expire on 31 December 2009.
• The new changes impact contracts entered into, between 1 October 2009, and 31 December 2009.
• First Home Buyers purchasing an established home in Victoria, will receive a FHOG of up to $12,500 ($3,500 Federal and $9,000 State contributions)
• First Home Buyers constructing or purchasing newly constructed homes in Metropolitan areas, will receive a FHOG of up to $25,000 ($7,000 Federal and $18,000 State contributions)
• First Home Buyers constructing or purchasing newly constructed homes in Regional areas, will receive a FHOG of up to $29,500 ($7,000 Federal and $22,500 State contributions)
• Eligibility criteria for the FHOG remains unchanged
1 January 2010 – 30 June 2010
These recent changes to the First Home Owner Scheme will take effect from 1 January 2010 and expire on 30 June 2010.
• The new changes impact contracts entered into, between 1 January 2010, and 30 June 2010.
• First Home Buyers purchasing an established home in Victoria, will receive a FHOG of up to $9,000 ($2,000 State contribution and $7,000 Federal)
• First Home Buyers constructing or purchasing newly constructed homes in Metropolitan areas, will receive a FHOG of up to $18,000 ($11,000 State contribution and $7,000 Federal)
• First Home Buyers constructing or purchasing newly constructed homes in Regional areas, will receive a FHOG of up to $22,500 ($15,500 State contribution and $7,000 Federal)
• Eligibility criteria for the FHOG remains unchanged
Call us to arrange a confidential meeting with a dedicated First National Financial Solutions Home Loan Expert!
For more information, visit www.firsthome.gov.au/
or click here http://www.sro.vic.gov.au/sro/SROnav.nsf/alltitle/First%20Home%20Owners?open
or phone 13 21 61