LJ Hooker Settlements’ lies

By on in Featured posts

Nobody does it better than LJ Hooker Settlements (according to Mr LJ Hooker). Visit LJ Hooker’s flashy website and a sombre voice warns that cheap offers from competitors “generally reflect the type of service you will receive”. “Some offer a flat fee”, says Mr Hooker ominously. “But these are generally topped up with extra fees […]

Join our busy team of talented professionals!

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Now hiring: Graduate Executive – Settlements We need an aspiring business professional with a flair for customer service and business administration to join our tight-knit real estate settlements team. Permanent full-time position Up to $60k pa + super Applications close 28 November 2014. Visit our web page for more information about the position, selection criteria, […]

Help! My home has unlawful buildings

By on in Buying

Oh no!  Not another one. It’s an all-too-common story.  The buyer signs a home contract, without first obtaining legal advice.  Prior to settlement he visits the Local Government (council) offices and makes the unpleasant discovery that some of the buildings don’t have approval. As a general rule, most substantial renovations to homes require council approval […]

Help us win the Local Legend website award!

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We’ve been nominated by an anonymous fan for the “Local Legend” category in Kochie’s Business Builders’ Rescue My Site competition for being: “Wonderful people who deserve to win” We are now in the top 10% of the competition by votes cast.  We’d be eternally grateful for your support. CLICK HERE TO VOTE FOR US Rescue […]

There’s no cooling off period for real estate contracts in WA

By on in Buying

As a general rule, once a real estate contract is signed by both parties it’s legally binding. The standard-form contract used in Western Australia, known as the Contract for Sale of Land or Strata Title by Offer and Acceptance, was designed by real estate agents as a simple two-page document that’s easily completed by hand […]

Do I need a settlement representative?

By on in Buying, Selling

You’ve signed a contract to buy or sell a house and the real estate agent asks you to appoint a settlement representative. What is a settlement representative? Read our blog post to find out. What do they do? A settlement representative arranges to transfer the legal ownership of the property from the seller to the […]

What is a settlement?

By on in Buying, Selling

It’s not a silly question. We’re often asked “what is a settlement?“. Settlement Settlement is the process by which a contract to buy and sell real estate is completed.  At settlement, legal title to the property is transferred from seller to buyer in exchange for the balance of the purchase price. Settlement is also the name […]

Install RCD’s and smoke alarms or face hefty fines

By on in Selling

The Electricity Regulations 1947 (WA) require a seller of residential property to install at least 2 residual current devices (RCD’s) in the property before the sale is completed (settlement).  If you settle without RCD’s you may be fined up $15,000 as an individual or $100,000 as a company. A seller of residential property must also install […]

Five things to do before your purchase settlement date

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Arrange for the seller’s real estate agent to give you the house keys immediately after the settlement is complete. If the property is the seller’s principal place of residence, the seller may stay in possession until noon on the day following settlement. Ensure the property is adequately insured from date of possession or settlement, whichever is […]

Five things to do before your sale settlement date

By on in Selling

Arrange for your real estate agent to give the house keys to the buyer immediately once settlement is complete or, if you occupy the premises as your principal place of residence, at noon on the day following settlement. Cancel your insurance on the property one day after the date settlement occurs. Cancel the electricity and […]