Most properties on the market will have a brief information pack, called an Information Memorandum. This Information Memorandum outlines most of the details required to allow for an initial understanding on whether the property fits your guidelines. It is important that you review the information memorandum thoroughly to allow yourself to gain a good understanding of the property. This will then allow you to narrow down your choices and make the final decision easier. Making an offer Once you have decided upon a building you wish to purchase, then you will want to make an offer. The steps below will provide you with a simplified version of the sales and purchase process: 1. Your McDonald Real Estate agent will prepare the sale and purchase agreement. You will need to provide basic information such as: a) Price b) Unconditional date and Take over date c) Who your lawyer is. d) The entity or nominee buying the property When completed you will want to have it checked by your lawyer. 2. Sign the agreement. 3. The agent presents it to the vendor(seller) 4. There may at this stage be some negotiation 5. The vendor signs. 6. You as the purchaser complete any due diligence. 7. The contract goes unconditional and a deposit is paid. 8. Settlement occurs and you take ownership I N F O R M A T I O N M E M O R A N D U M Notes
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