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The Devil is in the Detail

The Devil is in the Detail

  • 31 Jul 2017
  • Meg Georkas

You can fall in love with a property very quickly. You can even fall in love over the internet looking at your new house on a real estate site whilst lying in bed before you even turn up for an open house inspection. However, to make a good decision you need to consider everything about the property you are looking to buy.

Go and inspect the property on several occasions formally and informally at different times of the day, including on a weekend, and on a week night. Think about parking, noise, aircraft, neighbours, trees, dogs, floods and any planned council developments and building projects. Look for anything that is going to need to be repaired as you'll need to budget for that. If you let your love for a property cloud your analysis, you might not see what others see and that is going to cost you.

Formal Property Inspections

The property looks sound and solid so do you still need an expensive building inspection? The answer is Yes. An independent property inspection will reveal hidden future costs and reveal the full state of the building. It is advisable to have both a building and separate pest inspection carried out. A building inspection might, for example, highlight prior termite activity at the property but won't advise whether termites continue to be present.

If you are purchasing a strata property it is advisable to carry out a strata search where a consultant will examine and assess the interior and immediate exterior of the unit you are considering buying and also look at the records of the strata scheme.

Deciding on Type of Ownership

If you are buying the property with someone else, you will need to decide the type of ownership you will have. There are two types of shared ownership:

  • Joint Tenants, where the property is held by two or more people in equal shares. If one dies, his/her share goes to the survivors
  • Tenants in Common, where the property is held by two or more people in equal or unequal shares. If one dies, his/her share goes to a person named in his/her will.

Opinions are those of Meg Georkas and may not reflect those of others.

2/8 Yeomans Road

Peter stuck with us!
Peter’s support and expertise were excellent and very appreciated. He went above and beyond time and time again to help our purchase go as smoothly as possible. Peter was extremely patient with both us and the vendor and there is no way the sale would have occurred without his professionalism, continual chasing and local knowledge. Thanks Peter!!
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- Wayne & Danielle - Buyer

37 Tabulum Road

Wonderful to work with
Peter was delighted to work with as well as going well and truly above and beyond. Peter not only made sure we had access to all the information we needed to make a decision but also helped us get settled moving to Armidale.
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- Brett & Jodie - Buyers

222 Galloway Street

Excellent service
I had a couple of stipulations along with my offer on a beautiful property. Peter helped me out and found a resolution that suited both the vendor and myself. I cannot wait to move in!
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- Pauline - Buyer

222 Galloway Street

My experience selling with Peter and his team
Peter and the HH team were extremely professional and enthusiastic. They were warm, friendly, and gave helpful advice. Peter was clear in his communication, gave me plenty of time when I had questions, and handled all negotiations with ease. It was an incredibly easy process for me and I am thrilled with the result.
They were particularly impressive given the COVID-19 crisis and the difficulties they faced listing and showing my property. They handled this tricky time with calm, grace, reassurance, and confidence.
Thank you!
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- Trish - Vendor