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Penalties for late settlement

By on in Buying, Selling

Buyers and sellers of land generally succeed in completing settlement on the agreed settlement date. However, settlement may be delayed due to an unforeseen event. So what happens if settlement is delayed? The standard-form contract used in WA, known as the Contract for Sale of Land or Strata Title by Offer and Acceptance, includes a […]

Buying a property “subject to finance”

By on in Buying

You’ve signed a contract to buy your dream home subject to finance. Time’s now ticking on the finance approval deadline. The seller may end the contract if you don’t get your finance approved on time. What does the contract say? The standard-form contract used in WA, known as the Contract for Sale of Land or […]

Selling your property “subject to finance”

By on in Selling

You’ve sold your home and the contract is subject to finance. The latest date set by the finance clause has come and gone and you’re still waiting for the buyer to send you finance approval. What do you do? The standard-form contract used in WA, known as the Contract for Sale of Land or Strata […]

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 […]

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 […]