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 […]

I wasn’t happy with the first inspection! Can I inspect again?

By on in Buying

Technically, no. Under the the standard-form contract for sale of land in Western Australia, known as the Contract for Sale of Land or Strata Title by Offer and Acceptance, you are entitled to one inspection of the property at a mutually-agreeable time during the week before settlement. If you identify problems that need fixing, you can request […]

Landgate’s Verification of Identity (VOI) requirements

By on in Selling

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 […]

I’ve sold my house. When do I move out?

By on in Buying, Selling

Congratulations! The settlement of your property  is a big achievement, and it’s time to move on!  How soon you need to vacate the property depends on the terms of your contract or, as it’s generally known, the Offer & Acceptance (O&A) and General Conditions. Read more… Under the General Conditions once settlement takes place, the new owner is entitled […]

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 […]

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

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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, […]

Buying off-the-plan risk#2: To rent or not to rent?

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So, you are about to sign a contract for an off-the-plan investment property. You’ve found the perfect rental property! Or, so you think. How well do you know the market? If your dream is to rent out a city apartment, think carefully. Across Australia, vacancy rates for inner-city apartments have risen, with Perth currently leading the pack at around 7%.  […]

Buying off-the-plan risk#1 – that’s not my home!

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Imagine a world where you could safely assume that a property bought off-the-plan would be worth more at settlement, than when you signed up for it. There’s the lure of an upfront deposit of 5-10%, while you save your pennies for a couple of years in preparation for the final payment. And then, when the big day arrives, […]

Vale the Settlements Scale? Good riddance, actually!

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The Attorney General and Minister for Commerce Michael Mischin has today announced the abolition of the Settlement Agents Act Scale following a review by the Department of Commerce. From 3 February 2016, fees charged by settlement agents will no longer be capped by the State Government. According to the Minister, competition and market forces will […]

Happy customer bursts into verse

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We love getting great feedback from our clients.  Especially in the form of a …… POEM!  Thanks Liss Mac of Greenfields for our 338th and most creative review! And congratulations to our legal executive Emily Lamberto.  Emily’s first-class service inspired Liss Mac’s burst of verse. Sending us feedback is easy and it only takes a […]