The trouble with subject sales
A recent settlement case has highlighted how important well-written contracts are in subject sales. In this case, Mr and Mrs Buchan* were buying a family home with a cash offer, which was written up stating that it was “subject to successful settlement of the purchaser’s …
3 things we learned from Bali Inspire 2013
Here are three lessons from this year’s Bali Inspire conference that are beneficial to anyone in any industry, particularly real estate agents. Last weekend, Peter Fletcher, Noelene Brown and myself flew to Bali for West Coast Property Training – Bali Inspire 2013. The conference is …
Beware: Finance approvals expire after three months
Did you know that finance approvals usually expire after three months? Three months after date of approval, most finance approvals expire and need to be re-approved if the loan is to proceed. This often requires the borrower to restart the loan application and undergo a …
Is that finance approval really unconditional?
Make sure finance approvals aren’t subject to a valuation or income check before sending them through as formal finance approvals. To proceed to settlement on a contract that is subject to finance, we need a copy of the formal finance approval, which we usually obtain …
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