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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 […]

Penalties for late settlement

By on in Buying, Selling

Buyers and sellers of land generally succeed in completing settlement on the agreed settlement date. However, settlement may be delayed due to an unforeseen event. So what happens if settlement is delayed? The standard-form contract used in WA, known as the Contract for Sale of Land or Strata Title by Offer and Acceptance, includes a […]

Getting in early: pros and cons of possession prior to settlement.

By on in Buying, Selling

Sometimes property buyers want to move in before settlement is completed.  Reasons vary, but commonly it’s about keeping removalist bookings or a sale and purchase that didn’t coincide, leaving the buyer without a roof over her head. Under the standard-form contract used in WA, known as the Contract for Sale of Land or Strata Title […]

Selling your property “subject to finance”

By on in Selling

You’ve sold your home and the contract is subject to finance. The latest date set by the finance clause has come and gone and you’re still waiting for the buyer to send you finance approval. What do you do? The standard-form contract used in WA, known as the Contract for Sale of Land or Strata […]

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 […]