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

By on in Buying, Selling

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 […]

Title Insurance: worth the investment?

By on in Buying

If you are thinking of buying a property, taking out title insurance may be a valuable option to consider. There are many risks involved in buying a property, including illegal building works, boundary defects and non-compliance with development laws, to name just a few. Title insurance may protect you against these risks. Doesn’t my settlement […]

PEXA rolls out E-conveyancing in WA

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Open for business The much-anticipated national electronic conveyancing platform opens for business in Western Australia this May.  Property lawyers and settlement agents will be able to lodge some Landgate documents electronically and complete financial settlement online for the first time. Training This week Property Exchange Australia Limited (PEXA) conducted training for WA settlement agents and […]

Measure-up before you take the plunge (swimming pools and fences)

By on in Buying

Properties with pools are a popular choice in WA.  Here are some water-safety tips for buyers. Swimming Pools The Building Act 2011 (WA) mandates that a building permit is required prior to the construction of a swimming pool or spa. Swimming pool fences Australian Standard AS 1926.1-1993 requires a compliant safety barrier for swimming pools […]

Buying property together: joint tenants or tenants in common?

By on in Buying

If you buy real estate with your partner or others, you should specify your choice of joint ownership in the Contract. Co-owners may be joint tenants or tenants in common. It’s important to understand the difference so you can make the right choice. Joint tenants If you own property as joint tenants, then on the […]

Bank authority an important first step for sellers

By on in Selling

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 […]

Don’t let pests become a problem

By on in Buying

As a buyer you want to be confident of the condition of the house you’re buying. Most buyers are aware of the hidden menace posed by termites and other pests. Generally an inspection and report by a pest control professional will make the position clear. But, here’s the trap… The standard-form contract for sale of […]

Hope for the best; prepare for the worst – make an Enduring Power of Attorney

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You may not be able to predict the future, but you can prepare for it. What would happen if: you lose capacity to make decisions for yourself; or you become physically unable to manage your affairs? If your answer to either of these questions is, “um…I  don’t know!” then consider making an Enduring Power of Attorney. What is an Enduring Power […]

Switching buyers before settlement

By on in Buying

Have you found a beautiful house with a deal too hard to walk away from? If it’s not exactly the right home for you, it may be the right one for someone in your family. Or in other instances, you may want to add your partner’s name onto the title. Be careful!  Most property transfers […]