Tips for Buying

Purchasing residential real estate can be a very exciting process; however, it can also be a confusing time for the prospective buyer.  Additionally, different agencies often have different sets of rules and standards, so we would like to inform you of the buying process when you purchase a property through Najib.
When deciding you would like to secure, or make an offer on, one of our listed properties, to enable us to help you in the best possible way, we will ask you to confirm the following details:

  • The actual purchase price you would like to pay for the property
  • The method by which you choose to pay the deposit, eg: bank transfer
  • The settlement period that you require 
  • The name of your chosen solicitor or conveyancer
  • The name of your bank or financial lending institution
  • Any special conditions or requests that you may have so that we can inform the vendor (property owner)

Once we have the above information in writing, we are in a position to arrange a meeting with the vendor. 

General Tips

If you want to make an offer, be certain that you can follow through by having the following items confirmed:

  • A pre-approval of finance from your bank or lending institution
  • Your own property sold, or at least assessed for value, and possible sale time
  • A solicitor or conveyancer
  • How you will be paying the deposit (generally 10%) and associated costs
  • An idea of settlement times required before you take possession

Building Report

Before purchasing any property, it is important that you receive a copy of a Building Report from a reputable and qualified inspector (unless you are purchasing a new/near new home, where you may decide not to do so.)

This report is a complete list of defects of the home.  If you are worried in any way about the contents of the report, please speak to either the Building Inspector, or your Agent.  What is listed as a 'concern', may in fact simply be standard maintenance that would be required for a house of its age.   All homes at one time or another require maintenance and that this is known as a capital improvement of the property. 

Bank Valuation

Don't be alarmed if your bank or lending institution requests a valuation by a registered valuer.  This is normal practice of lending institutions and serves as confirmation of the agreed sale price.

Buying at Auction

If you are intending to buy at auction, all the above mentioned must be in place.  On Auction day, a sale is unconditional, that means FINAL.  If you turn up to bid and you are the highest bidder past the reserve price, you are the instant owner awaiting settlement of that property. 


Preparation is the key.  Understand your rights and have everything in place.  If you follow this advice, along with that of your solicitor and your Najib agent, you will be on your way to securing the right home for you.

Whether you are considering purchasing a property in the near future, or are currently in the process of buying a home through another company and in need of advice, please feel free to call any of the Najib sales team with any questions that you may have.  They will be happy to assist you.