Congratulations! You’ve Signed the Offer to Purchase—Here’s Your Next Move!

You’ve taken a huge step toward owning your dream home! Now that you’ve signed the Offer to Purchase, let’s dive into what’s coming up next:

1. Offer Submitted to the Seller:
Your signed offer is now in the hands of the seller. They’ll either accept your offer or come back with a counteroffer. Don’t worry—your estate agent is on your side, negotiating between you and the seller to make sure you get the best deal.

2. It’s Official! Your Offer Becomes a Binding Contract:
Once both parties agree to the terms, your offer transforms into a legally binding contract. It’s now official, and you’re well on your way to owning that property!

3. Deposit & Bond Application Time:
If your offer requires a deposit, now’s the time to make that payment. And if you need a bond (mortgage), you’ll start the application process. You can do this directly with your bank or enlist the help of a bond originator to make it easier and get the best rates.

4. Bond Approved—You’re Almost There!
Great news! If your bond application gets the green light from the bank, you’re one step closer to the finish line. It’s a major win worth celebrating!

5. Meet the Bond Attorney:
Next, the bank will appoint a bond attorney to handle the registration of your bond. You’ll be responsible for paying the bond registration costs, and this process will run smoothly with the help of your conveyancing attorney, who is appointed by the seller.

6. Transfer Costs—Another Important Step:
Your conveyancing attorneys will also reach out for the transfer costs, which cover the process of officially transferring the property into your name.

7. Final Step—Property Registration:
The moment you’ve been waiting for is just around the corner! Once all the paperwork is complete, the property is officially registered in your name. That’s it—you’re now the proud owner of your new home!

You’ve made it through the process, and your new home is just a few steps away. Enjoy the excitement, and get ready to make some amazing memories in your new space!