When buying or selling aN ADeLAIDE property or business, there are many things that may need to be considered.
A Checklist of things to Consider when buying or selling property
Have you contacted your Mortgage Broker or Bank? The earlier you arrange this the easier the whole transaction will be as they will ensure that your finance is ready on time for settlement
Shane Swinton www.smartline.com.au/adviser/sswinton/
Andrew Skinner www.aussie.com.au/find-broker/andrew-skinner
Martin Roach www.smartline.com.au/adviser/mroach/
Real Estate Agent
Local Amenities in SA
Have you looked at where the local schools, council office, bus or trains and shops are in relation to the property you are purchasing. These are items that are worthwhile checking out before you sign a contract
Do you have a will and a power of attorney? If not then it is wise to arrange this as soon as possible. A solicitor is the best person to arrange this and a financial planner can assist with your superannuation and other estate planning needs.
David Fidler www.angaslawyers.com.au
Emma Pardede www.veritaswealth.com.au/about/
You will need to consider whether you want to purchase as a sole person, joint tenants, tenants in common or maybe a trust or self managed superannuation fund. For more information please call us to discuss your options
Building and Pest inspections
- Is there asbestos anywhere on the property? eg sheds and fences
- Does the property and any significant defects? eg cracking or salt damp
- Is the property in a bushfire prone area?
- Are smoke alarms installed in the house?
- Does the property have any termite or other pest infestations?
- Are there any illegal or unapproved additions such as extensions or alterations?
- How energy efficient is the home? Ie appliances and lighting
You will need to find someone to look after the property management if you are purchasing as an investment property
Carpet and House cleaning
Are the carpets and floors dirty? Does the house need a good professional clean? Get someone to clean them for you before you move in or out of the property
Glynn Greenwood www.thatcarpetguy.com.au
Swimming Pool compliance
Does the property have a swimming pool. Is it compliant? In SA if you are vendor legally you cannot sell a property with an uncompliant swimming pool and the purchaser may insist on a compliance certificate before settlement. If you are purchasing make sure that the swimming pool is compliant as once you settle then the risk and liability become yours.
Did you know when you sign a contract to purchase a property that you need to take out insurance immediately? When buying a house it is your responsibility to arrange for insurance on the property from the date of cooling off and you will be required to note who your financial institution is on the Certificate of Currency if you are obtaining finance.
Utilities – Transfer, cancel or setup
Ensure you notify the correct companies for cancellation or setting up your utilities such as Electricity, Gas and Telephone, Broadband. Some helpful numbers are:
My Connect: www.myconnect.com.au/how-it-works.php
Telephone: Telstra – 132200 Optus – 133345 Foxtel – 131999
Gas/Electricity: Origin – 132461 AGL – 131245 True Energy – 133466
Redirection of Mail
Have you let everyone know you are moving and have you advised them of your new address. Contacting Australia Post and doing a redirection of mail will assist as at least your mail will be delivered to the correct address until you have managed to let everyone know.
Have you booked a removalist for the day of settlement and do you have enough boxes to pack your belongings into? Contact a local removalist who guide you as to the best way to deal with packing and moving into your new home.
Check out the website below for more information