Comprehensive Property Purchase Process in 4 stages

Stage 1: Initial Property Listings:
Our white-labelled property listings offer essential details designed to pique buyer interest. This preliminary information aims to capture buyers’ attention and help them decide whether to seek more information without overwhelming them.

Stage 2: Detailed Property Information:
When a buyer pays interest into particular property, we offer a comprehensive Blue File for each property, which includes a 27-point checklist to ensure complete transparency. Buyers are then invited to submit an Expression of Interest (EOI) form.
This non-binding step allows buyers to hold the property and perform due diligence while contracts are being prepared. A refundable deposit of $1,000 is typically required.

Comprehensive Buyer Information Checklist

  1. Property Price:
  2. Type of Dwelling: (e.g., House, Apartment, Duplex)
  3. House Size: (sq meters)
  4. Land Size: (sq meters)
  5. Number of Bedrooms:
  6. Number of Bathrooms:
  7. Number of Garages:
  8. Completed:
  9. Under Construction:
  10. Off the Plan:
  11. Owner Occupied:
  12. Investor:
  13. Self-Managed Super Fund (SMSF):
  14. Land Registered:
  15. Completion Time:
  16. Outgoings (e.g., Body Corporate Fees):
  17. Build Time:
  18. Build Start Date:
  19. Builder’s Credentials (CV):
  20. Property Management Credentials (CV):
  21. Proximity to Public Transport:
  22. Nearby Schools:
  23. Shopping Centers in Vicinity:
  24. Parks and Recreation Facilities Nearby:
  25. Warranties and Guarantees:
  26. Potential Rental Yield:
  27. NBN Availability:

Stage 3: Finalizing Your Property Purchase:

  1. Complete and sign the EOI form, along with a deposit (typically $1,000), confirmed prior to payment.
  2. Provide copies of all buyers’ IDs to ensure correct spelling on the contracts.
  3. Submit a copy of the holding deposit transfer receipt, using the buyer’s surname and lot number as the reference.
  4. Within 24-48 hours, the Seller’s solicitor will email the contract to the buyer’s solicitor for review. Terms such as subject to finance can be included.
  5. Over a 1-3 day period, the buyer’s solicitor will review the contract to ensure it meets the buyer’s requirements.
  6. Once both parties sign the contract, conditions such as finance clauses will commence. A mandatory 5-day cooling-off period from the contract signing date protects buyers.
  7. If the buyer is satisfied, the contract proceeds as usual with a 10 percent deposit and the remaining balance due at settlement, as specified in the contract.

Stage 4: Show me the Money:
The payment will be made according to the individual developer’s payment terms to BuyIt Properties. Payment will be issued within 7 days of receiving funds from the developers, and the Marketing/Real Estate Agent is required to send a tax invoice addressed to BuyIt Properties, following receipt of payment from the developer.

*Please note that the above steps may have minor adjustments based on the specific property or Developer/Builder.

INDUSTRY

Who we work best with…

Whether you’re an established business or investor, or just starting out, we’ll make sure you move your business beyond the numbers… while we focus on your growth potential.

When you work with us you will benefit from:

1. Leadership
2. Intelligent Solutions
3. Systemisation and Automation
4. Communication in simple terms
5. Business Coaching
6. Smooth Compliance
7. Resourceful Networking

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Level 14, 3 Parramatta Square, 153 Macquarie St, Parramatta NSW 2150

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Suite 294,1 Barratt Street Hurstville NSW 2220

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