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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 […]

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 […]

Landgate’s Verification of Identity (VOI) requirements

By on in Selling

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 […]

I’ve sold my house. When do I move out?

By on in Buying, Selling

Congratulations! The settlement of your property  is a big achievement, and it’s time to move on!  How soon you need to vacate the property depends on the terms of your contract or, as it’s generally known, the Offer & Acceptance (O&A) and General Conditions. Read more… Under the General Conditions once settlement takes place, the new owner is entitled […]

How to compare quotes. Beware of scams!

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Congratulations on buying / selling your home! You need a settlement agent. Your real estate agent can suggest someone, but you’re a savvy shopper – you want an excellent price, with service to match. Quote time! What’s in a settlement quote? Put simply, whether you’re buying or selling, your quote will be made up of: A  professional fee – the fee […]

Buying off-the-plan risk #3: what’s it really worth?

By on in Buying

Buying off-the-plan certainly has appeal! There is no denying that there are attractive pro’s, but in an uncertain market, can you really be sure that the property you sign up for will be worth as much at completion? Whilst a glossy brochure may state that an off-the-plan investment property is worth $500,000, it’s your bank’s opinion that really counts, […]

Buying off-the-plan risk#2: To rent or not to rent?

By on in Buying

So, you are about to sign a contract for an off-the-plan investment property. You’ve found the perfect rental property! Or, so you think. How well do you know the market? If your dream is to rent out a city apartment, think carefully. Across Australia, vacancy rates for inner-city apartments have risen, with Perth currently leading the pack at around 7%.  […]

Benefits of buying off-the-plan

By on in Buying

What does it mean to buy “off the plan”? Explore our previous article to find out. This article aims to summarise some of the many perceived benefits in buying off the plan. Lower purchase price Real estate property developers are often keen to sell as many properties as early as possible, and so prices are […]

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 […]