In this initial phone or video call we answer any questions that you have in relation to our services, our processes and the market in general. We also want to learn about what your dream home or investment property looks like and provide some initial guidance on your budget.
During this phase we provide you with our 9 page Initial Buying Brief questionnaire, wherein we learn more about your ideal dream home or investment property. We also provide you with our standard Agreement for signing and ask for payment of the Appointment Fee.
Based on our review of your answers to the Initial Buying Brief, we create a tailored plan for your purchase, before arranging another phone or video call with you. In this call we discuss our plan to find your ideal property, lay out the steps involved and arrange for bi-weekly update calls with you. We also set up our chat forum which allows us to converse with you seamlessly and allow us to send you links of properties of interest, searches, updates and videos.
Strategic search (on & off market)
The search begins both online and offline. We efficiently review the available properties for sale online, before connecting with the key agents in our network that work in the suburbs of interest. This is when we learn about upcoming new listings and off market properties. For unique and specific types of properties, this is when we letter box streets and particular complex’s, approaching owners directly and asking them if they would consider selling off market.
Inspections & evaluation
Physically inspecting a property is essential when assessing the worthiness of consideration for purchase. Every property we put forward to our clients as a prospective buy has been inspected by us and a comprehensive checklist undertake. Having inspected hundreds of houses as a Property Valuer and a Buyer’s Agent, we pride ourselves on our attention to detail and we can swiftly determine if a property is worthwhile of consideration by you.
This is a crucial aspect of what we do and is made up of 4 main components.
1. Assessing value in the current market;
2. Inspecting the physical improvements on the property;
3. Reviewing encumbrances to the land; and
4. Considering the locational attributes or negatives of the property. Our feedback on all of these considerations will be provided to you, as will copies of all the searches we obtained for your review and for our discussion. Searches often include: Flooding; water and sewerage lines; storm water pipes; character overlays; zoning; flight paths; school catchments; overland flow; traffic flows; building approvals; sinking funds; minutes of body corporate meeting; maintenance needed; renovation costs etc.
The format which properties are sold is varied, as is the way that selling agents deal with offers. Great skill and adaptability is required to ensure you have a seat at the negotiating table. In this stage we will discuss with you our recommended strategy for making an offer on the property as well as the all-important terms and offer price.
Negotiating as well as bidding at auction is an art, rather than a science and understanding the vendors motivation, the agent’s style, the current market and the competition is critically important in securing the property for the right price. This is where experience is priceless.
Success, a contract has been negotiated, signed and dated and initial deposit due. Phase two of the due diligence in relation to this property now commences.
Arrange & attend building & pest
We have a network of independent Building and Pest inspectors that we have worked with previously, that we can recommend to you if required and we can also arrange on your behalf. We also make sure we attend these inspections, and we will phone you following the inspection to report what was found, prior to you receiving the official report shortly after.
We also have a network of independent Conveyancing Solicitors that we have worked with previously, that we can recommend to you if required.
Property management liaison
Our network of Property Managers are only too happy to provide a current market rental appraisal of the property for you, as well as outlining their services and fees etc. should the property be being leased after settlement.
Queensland legislation allows the buyer or the buyers representative to undertake a pre-settlement inspection of the property. We arrange this and undertake this on your behalf (you are welcome to attend), usually 2-4 days prior to settlement. If you are unable to attend, we send you a video of the property for your interest and should any further work or removal of items be required prior to settlement, we instigate this with the agent and or solicitor.
Congratulations, the property is now yours and we can pick up the keys from the selling agent on your behalf if more convenient.
Post purchase support
All past clients of Templeton Property are welcome to contact us to discuss their property plans and we are more than happy to provide advice and direction whenever we can.