After a week of being driven around by estate agents in sweltering heat and farming the kids out to jolly helpful friends, we have chosen and bought a house! It no doubt seems incredibly fast but when you are faced with being kicked out of your home and moving into another rental having moved to the other side of the world 7 months ago, it focuses the mind some what.
So, buying a house here is different. Basically you go to the bank, see how much they’ll give you, then get a pre-approval from them to borrow a set amount. Then you look at lots of houses – we’ve looked at about 35. Some of them I went to with agents, some we visited during open homes – when there is a half hour slot when you can visit the house along with every other house hunter in the area.
When you see one you like, you have to complete a contract stating the figure you have offered and any conditions you want to insist on. This is known as a conditional offer. This then gets presented to the vendors and then the negotiation begins. It goes on until both parties agree. Then the agent has to get both parties to sign the contract. The vendor now has 5 working days to meet our conditions – mainly for the building survey to be ok. Then, if we think it is all good and we are happy with the purchase, the offer becomes unconditional and the sale goes ahead. On settlement day we pay up and grab the keys.
So, we now have to arrange some reports, read some stuff on the council files, engage a solicitor and keep our fingers crossed. We’ll know in 11days if it has gone unconditional. In the meantime, I need to start packing and get Em a place at the local school.
If you’d like a peak at our (hopefully) new home, try this estate agent listing