Contract

The dos and don’ts for buying off the plan

Posted on November 2, 2013 by | 0 Comments
For those on the hunt for a property, buying off the plan can be a great move for some security in your investment. It has advantages such as locking in a price to safeguard against rising values, as well as a number of tax advantages. Off-the-plan properties may just be the solution for investors who need to organise their finances or first homebuyers who currently do not have enough capacity to purchase. However, there’s still...

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How to get your offer accepted

Posted on September 22, 2013 by | 0 Comments
Experts reveal their tips on how to increase your chances of having an offer accepted over your competitors. Homebuyers and investors should consider attaching a 10 per cent deposit cheque to a signed contract if they want to increase their chances of having their offer accepted, according to real estate author and buyers agent Patrick Bright. The EPS Property Search director and author of The Insider’s Guide to Buying Real Estate says one of the basic rules...

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Ma and Pa Kettle Go to Court

Posted on September 9, 2013 by | 0 Comments
OPINION by Tim O’Dwyer M.A., LL.B Solicitor Consumer Advocate watchdog@argonautlegal.com.au   On 27th May Peter and Helen Kettle contracted to sell both units of their Surfers Paradise duplex (for $1.2 million and $800,000 respectively) to Milani Properties Pty. Ltd.   Deposits totalling $170,000 were paid to Milani’s solicitor’s trust account.  Settlement of each contract was due on 13th July, subject to finance approval by the “Finance Date” of 17th June. The finance clause in both contracts...

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Why the “cooling off laws” don’t prevent gazumping !

Posted on August 1, 2009 by | 2 Comments
              by George Rousos Director Industry Training Consultants george@itc.nsw.edu.au Statutory authorities must start exercising the same degree of care towards sellers as they do with buyers of properties. It was discovered and found on the NSW Office Of Fair Trading’s website, no cooling-off period  applies to sellers of properties once contracts have been exchanged, sellers are generally bound to complete the agreement. (See the article “Sale Contracts” on the website of the...

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