How to Buy Property for Sale in Nelson Bay

Mar 12, 2021

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We love Nelson Bay, and we’ve been helping people find their perfect home for decades in the region.

Our offices are in the heart of the community and we have a great team of people who are seasoned locals that are passionate about helping you find your ideal home.

From the first flurry of viewings to the final moments of getting the keys to your new home. We have years of experience in the industry in the region and take pride in assisting you with purchasing the perfect property.

We also know that the entire process can be very stressful, especially in the current market, so we’ve put together a step by step guide on how to buy a property for sale in Nelson Bay, so you know what to expect and when to expect it.

5 Steps to Buying a Property for Sale in Nelson Bay

1. Organise your finances

Unless you’re lucky enough to be a cash buyer, chances are you’ll need to borrow some money to finance your big move.

Get in touch with a bank or lending institute to see how much you can borrow. Spend time looking at your budget too, so you know you can make the repayments.

2. The house hunt begins

This can be one of the most exciting parts, but it’s worth doing a good amount of homework before you make an offer.

Draw up a wish list that includes basics like how many bedrooms and bathrooms, as well as nice-to-haves like a pool or second living area.

You’ll have to compromise on some aspects, but thinking about what’s really important will make tricky decisions easier down the line.

Once you’ve come up with some ideas, it’s time to find out what’s out there and our recent listings and other similar pages are a great place to start.

We’ll help you organise all the necessary inspections too, including open homes and private inspections so that you are confident before submitting an offer.

3. Submit your offer

All that research has paid off, and it’s time to put in your offer. Your solicitor or conveyancer will look over the proposed contract and once they’re happy all is in order, you can formally make your offer.

There may be other offers made, and this can be one of the most stressful points of buying a new home. If things don’t go your way, we’ll do our best to find you something you love just as much as soon as possible.

Often our clients find they discover a home after that’s even more ideal than the one that got away.

4. Legalities

This is the formal part of the process, where documents are exchanged, and your home becomes legally yours.

A solicitor or conveyancer will support you with this process. You should ensure they are licensed with NSW Fair Trading, and that they hold professional indemnity insurance.

5. Exchange of contracts

It can take around 6 weeks for everything to be finalised and most of the work will be done by your conveyancer or solicitor.

They’ll organise the transfer of funds and changing the property itself to your name.

So there you have our simple step-by-step guide on how to buy property for sale in Nelson Bay.

Choosing a great agency with lots of local knowledge, years of experience and a love of helping buyers find their dream home is a great place to start, and our team is available to you 7 days a week.

Get in touch

You can visit Nelson Bay Real Estate on our office on Donald St in Nelson Bay or give us a call on 02 4981 2655 today. Or you can fill out our contact form to arrange an appointment in Nelson BayTanilba BayTomaree Peninsula & Tilligerry and we will be in touch as soon as possible.