Tips for Buyers

Purchasing a property is one of the biggest decisions a person makes in his/her lifetime. Therefore it is critical to get it right!  At TPR we value your time and money and have looked at a few factors you could consider when buying a property. 

Finances 
It is important to have a good understanding of one’s finances and credit status before purchasing property or real estate. Buying a property is not only about paying a mortgage. You will have to incur other expenses such as valuation fees, stamp duty, survey fees, etc and must be therefore prepared to do so. You can speak to our agents to get a better idea about such expenses. 

Buying a property, be it residential or commercial can be a monumental step. Therefore it is important to know how to budget. The first step is to think about what you can actually afford and then look for sources to obtain additional financial support if necessary. 

Selecting a Property

When looking for a property, it’s best to research the area and local neighbourhood. Ask yourself: what are the amenities like? How is the accessibility? Are there good surrounding schools? What is the security like? All this information is worth looking into. 

The next step is to identify a trustworthy and reliable property agent. At TPR we make property searching simple and have a range of properties to buy, all available under one roof. 

Feel free to ask any questions when viewing a property that you are considering buying, whether you’re speaking directly to the owner or one of our agents – get all doubts clarified. View the property you’re most interested in at different times of the day, to allow you to get an idea of what the neighbourhood is like. It is best not to rush your property search, but rather look at all areas of concern such as utilities, roofing, flooring, neighbourhood appearance, waterworks, drainage and garbage disposal systems, etc 

Finally when you have got all the clarifications you need, you can make an offer for the selected property after closely looking at how much you can afford.  

Buying the Property 

Buying a property isn't as simple as choosing one. The property buying process can sometimes become a bit complicated and would depend on a number of things.

On a broad scale the timeline would depend on:

• Finding a property
• Offering a price/getting a mortgage
• Surveying the Property
• Confirming the sale
• Closing the sale

When you pay for the property in full and officially take ownership of it, you have completed the sale. Total amount due must be paid and the official deeds of the property can be transferred. The vendor and the buyer will always agree on a date in advance, at their convenience. 

*We’ve made every effort to ensure these tips are as accurate as possible; however, this does not constitute as legal advice tailored to your circumstances. Act on this at your own discretion and risk.