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When you complete your identification check you must produce original and current identification documents in one of the following categories.
If you are the buyer Congratulations! Contact the real estate agent to collect the keys. If the seller lived in the property, you can collect the keys from 12 noon on the day after settlement. If the seller didn’t live in the property, you can collect the keys immediately. We’ll send you a final settlement statement […]
No, we attend your settlement for you either in person or via PEXA (e-conveyancing). Once settlement is complete, we’ll let you know by email and text message. You can then contact your real estate agent to arrange to hand over or collect the keys.
The standard O&A provides that if for any rea Most contracts allow each party 3 business days grace after the settlement date during which they can complete settlement without penalty. If settlement is delayed beyond this, the other party can charge penalty interest calculated: at the rate of 9% per annum on the amount due at settlement […]
A contract becomes unconditional when all the conditions of the contract have been met. This means that finance has been approved and all other conditions on the contract, such as building or termite inspection reports have been completed. This is a key milestone in the settlement process. Once the contract is unconditional, you’re well on […]
Good news! If you are the buyer … You’ll need to send us a copy of your finance approval so we can send it to the other parties and communicate with your bank. If the property is conditional on timber pest or building inspection reports, now is the time to get those completed. We’ll start […]
Transfer duty (formerly known as stamp duty) is a State Government tax payable by buyers of real estate calculated on the value of the property. You can calculate transfer duty using our settlement calculator. A buyer may be eligible for a reduced rate of transfer duty if they are a first home buyer or are buying a […]
All local authority rates, Water Corporation rates, strata levies and land tax (outgoings) for the current year will be apportioned between the buyer and seller with the effect that: the seller pays the outgoings up to and including the settlement date or possession date (whichever is earlier); and the buyer pays the outgoings from the […]
The Electricity Regulations 1947 (WA) require sellers of residential properties built after 1 January 2000 to install at least 2 residual current devices (RCD’s) in the premises before the sale is completed. It is also compulsory that mains powered smoke alarms are installed in residential properties prior to sale. Prior to settlement, the seller should provide […]
Most contracts to buy real estate in Western Australia are made using a standard two-page Contract for sale of land or strata title by offer and acceptance (O&A) published by the Real Estate Institute of Western Australia (REIWA) and the Law Society of Western Australia. The seemingly simple document incorporates a set of General Conditions set out in […]
