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When all parties are eager to settle the property early, we may be able to negotiate to bring the settlement forward.Before making any requests, it is important that both the buyer and seller's banks are booked and that the purchaser has searches back from the...
Q- Are you worried about the safety of your funds being transferred electronically?A- GOOD NEWS. PexaKey is a new app that allows you to confirm your bank account details in a safe, secure and guaranteed way! We understand that cyber safety is important and we...
Q- Did you know that if the buyer pays the initial deposit late, the seller can terminate any time up to settlement? A- The last thing anyone wants is the contract to fall over at the last minute due to the deposit being paid late. Whilst...
For buyers, it can be confusing between the deposit they have saved to contribute to their loan and the deposit they are putting down on the contract. Whilst is shows great commitment to a seller for the buyer to pay a large deposit, this can...
Who signs the contract first once the offer has been made? Once a prospective buyer has made an offer to buy, the contract can then be prepared and sent to the buyer who will execute the contract first. Once the contract is finalised and signed by...
Are there changes that the vendor wants to make after the seller has already signed? Once the buyer has signed the contract this is a legally binding offer to purchase. Any changes made to an offer becomes a counter offer. If the seller wants to make...
Are the Tenants on the Property managed by the vendor? Did you know that there is a large amount of behind the scenes work done by managing agents when a property changes ownership. When the property is managed by the vendor privately, there are various documents...
What is the difference between Government Registration fees and Transfer Duty? At settlement, there are various additional items required to be paid by the buyer to effect settlement. Transfer Duty (also known as Stamp Duty) is a Government Tax charged for acquiring property whereas Government Registration...
Q: What is a Deposit Bond?A: Deposit bonds can sometimes be used (when formally agreed to between the parties) instead of cash to pay a deposit when buying a home. The person taking out the bond has to pay the money plus fees for the...
The terms of the standard ADL and REIQ Contracts differ in what the requirements of the Seller are until settlement. Under the current REIQ Contract a Seller must use the property reasonably until settlement whereas the current ADL Contract provides that the Seller must maintain...