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Q- Have you signed the contract but have later realised it needs to be in a different name?A- Once the contract has been signed with a specific buying entity listed, it cannot be amended unless agreed by all parties. Changing the buying entity without taking the...
The pre-settlement inspection is the buyer's opportunity to ensure that the property is being handed over in the same condition that it was in when the contract was signed. The seller is required to maintain the property to the same standard that it was in...
During the conveyancing process, your legal representative will require the buyer and seller respectively to provide 100 points of certified identification.This is a crucial step in the process which protects all parties from fraud. Without this process being followed, the chances of fraudulent transactions would...
During the contract process, it can be easy to get caught up in the he said, she said, which often leads to arguments and settlement delays. To avoid any issues like this arising, it is important to ensure that any agreements regarding contract terms, negotiations or...
It is important to remember to include the disclosure statement with the contract prior to the buyer receiving it to sign. The seller is required to provide relevant disclosure to the buyer prior to the contract being signed. Failure to do so results in the...
Moving in and out of a property can be a tedious task. So what condition does it need to be left in to ensure compliance with the contract?The terms of the contract provide that the property must be at a 'reasonable' standard at settlement. Whilst...
Q- Did you know that a registered company has the same legal rights to purchase property as an individual?A- A registered company is considered a legal entity just like an individual person and as such they can purchase property in their own right. To make...
Q- The contract has been signed by I now need to add a special condition, can the contract be changed?A- Once the contract is signed, it can be difficult to make amendments unless all parties agree. Once the contract terms are agreed to and signed,...
There is often confusion from buyers and sellers alike between early possession and early access.Early possession is taking full possession of the property and moving in like the property is yours (subject to terms and conditions) whereas early access is having access to the property...
We all know that moving house is extremely stressful and being able to move in prior to the settlement date can take stress off the buyer so that the move in process is smooth sailing.Moving into a property prior to settlement can be risky for...