How rookie advice about a structural inspection almost cost a buyer thousands

A recent settlement case has highlighted the need for agents to understand the implications of ‘structural inspection clauses’, particularly, what it addresses and what it doesn’t.   This was clearly demonstrated when a rookie agent incorrectly advised a buyer that some maintenance issues at a property would be covered by a structural inspection clause, potentially […]
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The pitfalls of nominating a lender

Applying for finance through the wrong lender could place you at risk of legal action A recent settlement has highlighted the risks created when buyers ignore the requirements of the Subject to Finance clause on the Offer and Acceptance. In this case, the buyer made an offer subject to finance approval from the ANZ. But, […]
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Why it’s important to pay your deposit on time

A recent call to our office has highlighted the importance to the buyer of paying their deposit on time. In this case, the buyer had made an unconditional offer on a property but, after the offer was accepted, they discovered they would be liable to pay around $25,000 in transfer duty. The buyer panicked. “Do […]
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How smart buyers deal with settlement delays

You’ve signed the contract. Finance is approved. The sold sticker is up. You’re just days away from settlement and moving in to your new home. And then the news you weren’t expecting – the seller won’t settle! They tell you they’re involved in an interstate purchase that needs to fall over before this one can […]
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Moving House – It’s a Case of Having a Plan B

As they say “failing to plan, is planning to fail” however we find that when it comes time for clients to co-ordinate their house move with their settlement date, it’s wise to maintain some flexibility with the planning. This includes the all-important booking date for removalists because a scheduled settlement date is not always guaranteed […]
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Are All Structures Council Approved?

It’s a key question asked of all sellers when an agent lists their property for sale and by most buyers when purchasing a home. And with the growing number of horror stories in the public domain of unsuspecting buyers being caught out with homes containing non-council approved structures on their hands, buyers can be understandably […]
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FIRB – What you need to know

When a foreign non-resident or temporary resident buys property in Australia, a special condition needs to be included in the Offer and Acceptance to prevent problems down the track. Almost all residential purchases entered into by a person who is not ordinarily a resident in Australia (known as a ‘foreign person’), or by a temporary […]
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