How to avoid arguments over family loans

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Have a written agreement If you’re borrowing or lending money, particularly where family or friends are involved, it always makes sense to formalise your agreement. A properly drafted agreement will protect your rights and help prevent a disagreement or relationship breakdown. For very straightforward matters, a simple Deed of Acknowledgment of Debt will formalise the […]

Buying off-the-plan risk #3: what’s it really worth?

By on in Buying

Buying off-the-plan certainly has appeal! There is no denying that there are attractive pro’s, but in an uncertain market, can you really be sure that the property you sign up for will be worth as much at completion? Whilst a glossy brochure may state that an off-the-plan investment property is worth $500,000, it’s your bank’s opinion that really counts, […]

What does it mean to buy “off the plan”?

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The owner of a large vacant block wishes to chop it up into small parcels (lots) and sell each new lot.  However, the owner has two problems. Firstly, he doesn’t have the substantial funds he needs to construct roads and install services for each lot. And secondly, he’s not sure whether anyone will want to […]

Bank authority an important first step for sellers

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You’ve sold your home. The ink on the contract is dry. Congratulations! What’s next? Appoint Flat Rate Settlements, as your settlement representative of course! And then? Once the buyer’s finance is approved you should contact any bank or financier with a secured loan over the property and advise them you have sold your property. Discharge […]

Do I need a settlement representative?

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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 […]