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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 […]

Do your homework before you buy a property

By on in Buying

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 […]

Non-compliant RCD’s and smoke alarms – your rights explained

By on in Buying

Recovering costs from the seller after settlement The Electricity Regulations 1947 (WA) require a seller of residential property to install at least 2 residual current devices (RCD’s) and hard-wired smoke alarms in the property before the sale is completed (settlement).  Sellers face hefty fines for non-compliance. Buyers should check that the property is fitted with RCD’s […]

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

By on in Buying

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, […]

Five things to do before your purchase settlement date

By on in Buying

Arrange for the seller’s real estate agent to give you the house keys immediately after the settlement is complete. If the property is the seller’s principal place of residence, the seller may stay in possession until noon on the day following settlement. Ensure the property is adequately insured from date of possession or settlement, whichever is […]

Five things to do before your sale settlement date

By on in Selling

Arrange for your real estate agent to give the house keys to the buyer immediately once settlement is complete or, if you occupy the premises as your principal place of residence, at noon on the day following settlement. Cancel your insurance on the property one day after the date settlement occurs. Cancel the electricity and […]

Your pre-settlement inspection is important

By on in Buying

You’ve bought the house and settlement date is fast approaching. There are many things to organise, but don’t forget to inspect the property prior to settlement. As the Buyer, you may inspect the property within 5 business days before the date of possession or settlement [Clause 5 of the 2011 General Conditions]. The seller’s real estate […]