DP and I have decided to buy our first home. We have talked to the bank and have being pre-approved for a loan.
We have found a house that we are interested in. However, it is currently being rented (for 6 months).
If we decide that we want to buy the house can we move in straight away or seen as though the tenants have a tenancy agreement do we have to wait for it to expire?
If we have to wait for the tenancy agreement to expire:
1. Can we still consider buying the house or will that be considered an investment property? (Therefore, meaning no first home owners grant?)
2. If we can still buy can we ask that the tenants pay us the rent rather than the real estate for the remainder of the agreement?
Also, when making an offer... how much money below asking price do you usually start negotiations?