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Buying

Why buy with HSP?

Committed to Your Needs 

Harcourts Sheppard Property have been helping people to buy and sell Adelaide real estate for well over a decade. We are committed to helping you turn your property dreams into reality. When you come to Harcourts Sheppard Property in search of your perfect property, you will meet with one of our team members who will guide you through the process of buying a house. Your Harcourts Sheppard Property agent will give you advice on property values, investment potential, finance options and legal requirements. It is all part of the extra-effort service. And best of all, it’s all entirely free of obligation.


Your Wish List

Facts that help us in finding you the right property include:

  • Suburb/s
  • Price range
  • Number of bedrooms
  • Style of home
  • Proximity to childcare/primary and secondary schools
  • Garden size
  • Drive on access/garaging
  • Special requirements e.g. no stairs


Your Essentials

It is important that you establish most important features you want in a property and will not compromise on. They may include:

  • A separate office/study
  • Northerly aspect
  • Security
  • Garaging or mooring for a boat
  • Low maintenance grounds  

These requirements are unique to each buyer. Also give some thought to features you most definitely do not want in a property.


Inspecting Property

Physically inspecting a property takes time. We recommend you do not rush or disregard any particular property too quickly. As the old saying goes "Try not to judge a book by its cover" this too applies to property. Some properties have little or no street appeal, but have much to offer inside. An inspection will either confirm your first impression or will pleasantly surprise you.

When you find a property that interests you, let your Harcourts Sheppard Property consultant know straight away. They can discuss the situation with the selling agent and help you in trying to secure that property for you at a reasonable price and if you choose, they can even negotiate the sale on your behalf. This is another obligation and free service that Harcourts Sheppard Property offers.


Making An Offer

When you are ready to make an offer on a property, the process can vary from agency to agency however it is a legal requirement that the offer is made in writing.
At Harcourts Sheppard Property we have two options for prospective buyers to write up their offer in writing. The first is by completing a Letter of Offer Form (available to download on this website or hard copies are available via your HSP consultant) and secondly you can choose to write up your offer directly onto a contract. Either options are acceptable as they clearly outline all the important facets of an offer including:
  • The amount you wish to offer
  • Your proposed deposit
  • Your preferred settlement date (this is the date you become the owner and get the keys)
  • Your full name and contact details
  • Any conditions of your offer (eg subject to finance approval)


Once the seller has received your offer they can either;  accept your offer, reject it or counter sign it. Counter signing usually occurs when the seller is not satisfied with the price offered and/or conditions included and subsequently alters them. The contract or offer form will be brought back to you for your consideration. If you accept, you initial the seller’s alterations and the property is under offer to you subject to any conditions that the contract may contain. Once you have offer and acceptance, if at this stage it is either verbal or via an Offer Form the next step is to put the details onto a contract and both parties sign the contract, making it binding on both parties. Other documentation will follow including a Form 1 Vendors Statement (sometimes referred too as "Cooling Off Document" and once all documentation has been signed and served, then this is when your 2 business days cooling off period starts. If at any stage you are unclear of what happens when, please do not hesitate to ask one of our HSP consultants.


Pay The Deposit

Once all parties have signed the contract and your cooling off period has expired you will be asked to pay a deposit. This isn't always 10% of the purchase price.  A deposit can be negotiated and there are different options you may use, such as bank guarantee, cheque and EFT. Quite often a large deposit can be appealing to a seller and can be helpful in making your offer stand out from the crowd in a situation where multiple buyers are making offers on the same property. We can refer you to Pathway Mortgage & Finance who can assist you with this. Once paid, this deposit is held in a Trust Account until settlement. If the contract does not become unconditional the deposit will be refunded to you. Please note that this information relates to a property purchased via Private Treaty/For Sale. If you purchase a property at auction, it is expected that you pay your deposit on the day of auction.


Property Insurance

In South Australia the property is at the purchasers risk from the moment they sign a contract so it is very important to take out immediate insurance cover the very same day you have your offer accepted on a contract.

Harcourts Sheppard Property can arrange a 30 day temporary cover to provide you with immediate, temporary insurance cover and “peace of mind”. This service is complimentary and can save you hours spent researching the many insurance providers on the market today.

Your Harcourts Sheppard Property consultant can provide you with more information.


Buying At Auction


Buying at auction avoids the often prolonged waiting of the traditional offer/counter-offer negotiation process and uncertainty of what another buyer may be offering. During an auction bids for the property are called in an open arena on a given day and time. If your bid is accepted you’ll have the satisfaction of knowing you have purchased at true market value.

An auction is an exciting environment where everything is out in the open and transparent. You can see your competitors and have confidence that others place similar value on the property as you.

Let your Harcourts Sheppard Property consultant know if you are interested in an auction property so that they can give you advice if a pre-auction offer is made and given the opportunity of submitting an offer or bidding if the auction date is brought forward.


Completing the Purchase

Before settlement your Solicitor/Conveyancer will undertake the necessary searches with respect to the property and your financier will prepare the mortgage documentation.

On settlement your Solicitor/Conveyancer will exchange with the Seller's Solicitor/Conveyancer:
  • Monies
  • Transfer documentation
  • Keys to the property  

On the day of settlement your Solicitor/Conveyancer and financier will register the necessary documentation and mortgage transfer with the Land Titles Registry.  

Possession of the property usually takes place on the settlement day although the seller and buyer can agree for these dates to be different. Conveyancing Matters have worked with Harcourts Sheppard Property for 15 years and provide exceptional service. Your Harcourts Sheppard Property consultant will put you in touch.


For The Property Investor

Investing in Real Estate long term can be one of the most secure and financially rewarding investments you can make. We can make taking care of your investment easy.  HSP have been acknowledge as industry leaders by winning the prestigious Real Estate Institute of SA Property Management award and being finalists numerous times in the past 5 years.  

HSP understands that you want your investment property tenanted for the best return possible and you want to relax with the knowledge that your property is being looked after.

HSP, Property Management consultants are industry specialists in the areas of appraising and renting investment properties. They understand the growing residential rental market and most importantly they understand the needs of property investors. Simple actions we take are ensuring you have a depreciation schedule to help minimise tax through Real Property Matters, specialists in quantity surveying. When buying an investment property, whether it be your 1st or 5th, your financial position should be assessed to make sure you have the best financial facility for your personal position. The finance landscape changes daily and our finance team at Pathway Mortgage and Finance can help.

Trained Property Management consultants are able to advise on how to attract the very best tenant for your valuable asset, conduct regular property inspections, keep abreast of rent increases, organise maintenance and repairs on your behalf  to protect your asset and most importantly send you regular reports on all matters regarding your investment.