Takeaways From Our Latest Buying Seminar

Last week Harcourts Cromwell hosted a Buying Process Evening Seminar in our office at 70 The Mall, Cromwell in conjunction with our local business partners Mortgage Link, Independent Property Inspections and Checkets McKay Lawyers. The educational seminar was structured to provide locals with valuable information on the buying process for both investors and first home buyers.

 

An attendee wrote to us after our seminar saying; “Thank you for putting on the Buyers Information Evening recently. I attended hoping to get some information in regards to how to get our children into property in the future, as its so much harder to get them into their first home than what it would have been for us many years ago. All the speakers were great with valuable information to take away and help with the process. I would highly recommend attending if there is another seminar in the future.”

 

In case you missed it, here are the main messages from our co-hosts; Alisha Clark, Financial Advisor at Mortgage Link spoke on getting pre-approval in place prior to starting your property search “Mortgage Advisors are all over bank policies and who’s offering what, that puts me in a good position to figure out which one is right for my clients. I take the time to understand each clients situation and goals, and structure their loans to suit – we work with around 40 different lenders including all main banks.

 

What’s different about utilising a mortgage broker is that we make sure your application is looking as attractive as possible before it’s submitted to a lender to give you the best chance of securing approval.”

 

Mike Busby, Property inspector at Independent Property Inspections spoke on the importance of getting a comprehensive Building Report. “Getting a building report gives you a clear understanding of what you’re buying, with our diagnostic equipment we are able to see what your local builder mate can’t see. Too many times I see this happen and often there are important issues that are missed.For a relatively small cost you’ll get the peace of mind you need when making arguably the biggest investment of your life.”

 

Karleigh Hoera – Associate at Checkets McKay Lawyers spoke on the role that a solicitor plays during the buying process. Solicitors aid in facilitating communication between all parties involved. This includes the buyer, seller, mortgage lender, and relevant authorities, streamlining the process and reducing the risk of misunderstandings or delays. The involvement of a solicitor provides peace of mind, ensuring that the property purchase is conducted with due diligence and legal protection.

 

“Clarity in legal wording is extremely important to avoid misunderstandings and complications.” As an example, if the contract vaguely states that “all fixtures and fittings are included”, without specifying which items are considered fixtures, disagreements may arise. The buyer may assume certain valuable fixtures are included, while the seller intended otherwise. This can lead to disputes, delays, and potential legal action, ultimately jeopardizing the transaction and damaging the relationship between the parties involved.

 

If you’d like to get further information on the buying process, or even your property search please don’t hesitate to get in touch with one of our Cromwell team members.