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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 […]

Hiring a real estate agent

By on in Selling

Making some simple enquiries before you engage a real estate agent to sell your home (or assist you to buy one) will ensure you choose the best agent for the job. Licence check Contact the Department of Commerce of Western Australia and check that the agent is licensed. Real estate agents must be licensed by […]

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 […]

Landgate’s Verification of Identity (VOI) requirements

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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 […]

Have you deadlocked your rental property?

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Do you have a rental property? Did you know that as of July 2015, all rental properties must comply with new minimum security requirements? A review of the Residential Tenancies Act 1987 recommended changes to the Act, which clarified what is considered to be ‘reasonable levels of security’ on rental properties.  The new laws provide more detail around […]

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 […]

Auditor-General: Low risk of property fraud in WA

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Western Australia’s auditor-general Colin Murphy is confident new measures to reduce the risk of fraudulent property sales are strong. Sound oversight In February 2015, the auditor-general released his report into the regulation of the state’s real estate agents and settlement agents and found the state has sound oversight in place, and the risk of direct […]