HOME HUNTERS HELP CENTRE
There are two ways you can use to purchase a property through us:
Browse the list of properties, find the property you like then contact us using the contact form below the property.
Use the buyer’s request form to send us your property request. Tell us the details of the property you need.
Your form will be received by our sales team who will get in touch with you and start working on finding your property. We will walk with you throughout the process until the transaction is completed.
When buying a property, an agent will help you
- Walk through the home buying process and paperwork from start to finish, ensuring everything flows smoothly without any surprises.
- Find the right home, in the neighbourhood you want, at a price you can afford.
- Get a feel for the neighbourhood
- Assess mortgage products and different types of financiers.
- Negotiate purchase price and contract terms, deposit, possession etc.
- Find qualified industry professionals, such as real estate lawyers, valuers, surveyors, home renovators and interior designers
How much you are eligible for will be determined by how much you can comfortably pay per month.
For example, using an average mortgage rate of 13.5% p.a. and a loan period of 15 years, multiply your repayment figure by 77 to see the estimated loan you can qualify for.
Different banks and lenders have different conditions for loan eligibility. Visit three or four providers to compare and help you negotiate a facility that will suit you.
It is important that you have documents that support your income e.g. payslips, bank statements, audited accounts, rental schedule etc.
Other costs involved include legal fees, stamp duty, agency fees, insurance, commitment fees and valuation. You should budget between 7% and 10% of the purchase price to cater for the costs.
Once you know how much you have available, whether through mortgage financing or outright cash purchase, the next step is to find your home. You will need to determine:
- Location – where do you want to live or invest in? You can list the area or areas you prefer.
- Type – what type of a home are you looking for e.g. townhouse, apartment. You may also consider if it’s a leasehold or freehold.
This is an agreement between you and the seller stating the terms of the sale. An offer will usually provide the property details, the parties involved, the price offered, the deposit, mode of payment and whether there are any conditions that need to be met by either parties. At this point you need to have identified who your lawyer for this business will be.
Your agent should help you draft the offer which is then presented to the seller for acceptance.
Any offer has an expiry period if not accepted. The seller can accept, make a counter-offer or not accept an offer.
Once your offer is accepted, the next step is for the seller to instruct his/her lawyer to draft a sale agreement. This will be a legally binding document and spells out all the terms of the sale and who is responsible for what. Your lawyer will receive the draft, discuss it with you and respond to the seller’s lawyer. If the terms spelt out are agreed by both parties, then it’s signed and every party fulfils their obligations.
It is important that you note your obligations and ensure that the timelines indicated are okay with you because there are penalties involved and you may lose your deposit should you default on payment of the balance.
Once both parties fulfil their obligations, through their lawyers, the seller gets the money and you get the title to the property.
We identify all our clients as part of the KYC (Know Your Client) requirement.
This means that as our buying client, we will require you to submit a duly completed BUYER’S FORM.
Fill and submit the sell my property form.
Our sales team will get in touch with you and start working on marketing your property until a buyer is found. We will walk with you throughout the process until the transaction is completed.
When selling a property, an agent will help you
- Walk through the home selling process and paperwork from start to finish, ensuring everything flows smoothly without any surprises.
- Help you set the right price for your property and understand the market.
- Guide you on how to prepare your property for sell.
- Market your property.
- Vet potential buyers, make viewing arrangements and secure an offer.
- Negotiate selling price and contract terms, deposit, possession etc.
- Find qualified industry professionals, such as real estate lawyers, valuers, surveyors, home renovators and interior designers.
Pricing your property is the most important aspect of selling the property. If you price it too high, you may scare away potential buyers while a low price will mean that you lose some money.
To set a price, you need to understand the overall market. Is it a buyer’s market (this is where there are more properties than buyers) or a seller’s market (this is where there are more buyers than properties)? Next you need to look at the market in your specific property location. What is the current market price for similar properties, how active is the market, who are the target buyers for that market.
The other determinant of the selling price is your situation. How soon do you want to sell? If you want to sell it quickly, you could offer a discounted price to attract more buyers. The condition of the property is also a determinant of the price. A well maintained and improved property will attract buyers and a better price.
A real estate agent can prepare a valuation report for your property to help you set the price correctly.
Where your property is charged either through a mortgage or as a security to a loan, it is important that you first obtain permission from your financier to sell. You need to inform them that you intend to sell so that when the requisite documents are needed e.g. the title, they are able to provide them.
Most financiers will not object to selling of a charged property as long as the proceeds are challenged through them and the entire loan is paid off before they release the title.
As a seller, you will be required to pay the capital gains tax, legal fees, agency fees /marketing costs and other charges such (where applicable) as discharge of loan, valuation, home staging etc. You will also be expected to have the land rate and land rent payments up to date including service charge fees (if this is applicable to your property).
As a buyer you can choose to either sell the property yourself or engage a third party. Both options have costs associated with them and you will need to select the one that you feel suits you best.
You could also choose to use both options.
This is an agreement between you and the buyer stating the terms of the sale. An offer will usually provide the property details, the parties involved, the price offered, the deposit, mode of payment and whether there are any conditions that need to be met by either parties.
Your agent should help you understand the terms and conditions in the offer.
You can accept the offer. You can also make a counter offer by giving additional terms, amending some of the existing terms or rejecting some of the existing terms. You could refuse to accept the offer entirely.
Any offer has an expiry period if not accepted within which you will have to decide on whether to accept, reject or make a counter offer. If the buyer does not hear from you within the stipulated period, the offer is assumed to have been rejected.
Once you accept the offer, the buyer is informed and you proceed to instruct your lawyers to draft a Sale Agreement based on the terms contained therein. Your lawyer will help you explain all the clauses of the sale agreement for your approval. The draft is then shared with the buyer’s lawyer who also helps his client understand the terms.
Once both parties are in agreement the Sale Agreement is signed and becomes a legally binding document.
We identify all our clients as part of the KYC (Know Your Client) requirement.
This means that as our selling client, we will require you to submit a duly completed SELLER’S FORM.