Free agency – consider a private sale

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Selling your property yourself, without using the services of a real estate agent, is known as a private sale. Pros and Cons The obvious advantage of a private sale is not paying a real estate agent’s fee, which may be a substantial saving, particularly an agent’s fee calculated as a percentage of the sale price […]

Do your homework before you buy a property

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Inspection Unless the contract makes specific provision, properties in Western Australia are sold in the same state and condition as when first inspected. So it is essential for buyers to conduct a thorough inspection. Once you have inspected the property, if you want changes to be made prior to sale or you want to ensure […]

Subdivisions – an introduction

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If you live on a larger block, you may wish to subdivide and sell off a portion of the land to access funds or reduce the amount of land that has to be maintained.  Alternatively, you may wish to use part of the land to build a new residence for yourself or develop two new […]

Landgate’s Verification of Identity (VOI) requirements

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Why VOI? In 2010 and 2011, two Western Australian properties were fraudulently sold without the consent of the owners in high-profile scams. The problem of identity theft was suddenly a pressing concern for WA regulators and businesses. In response, Landgate and other government agencies introduced strong Verification Of Identity (VOI) checks for anyone wanting to […]

How to compare quotes. Beware of scams!

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Congratulations on buying / selling your home! You need a settlement agent. Your real estate agent can suggest someone, but you’re a savvy shopper – you want an excellent price, with service to match. Quote time! What’s in a settlement quote? Put simply, whether you’re buying or selling, your quote will be made up of: A  professional fee – the fee […]

Auditor-General: Low risk of property fraud in WA

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Western Australia’s auditor-general Colin Murphy is confident new measures to reduce the risk of fraudulent property sales are strong. Sound oversight In February 2015, the auditor-general released his report into the regulation of the state’s real estate agents and settlement agents and found the state has sound oversight in place, and the risk of direct […]