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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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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