Following announcements by Prime Minister Scott Morrison regarding new measures and restrictions to stop the spread of COVID-19, the real estate industry has had to make some swift changes to how they operate during these times. As of the 25th of March, 2020 it was stated that open for inspections are no longer permitted, but private inspections are to go ahead with the following guidelines. …
Continue reading
We were delighted to present $20,000 to the Community Foundation for Tumut Region, who coordinated a financial donation appeal for victims directly affected by the Dunns Road fire. Chairman of the Community Foundation Louise Halsey said that our donation brings their total to $220,000, which will be evenly distributed back to everyone who lost some property to the Dunns Road fire. They will receive it …
Continue reading
2020 sees Fitzpatricks Real Estate celebrate its 70th year in business. Founded on February 21, 1950 by Geoff Fitzpatrick, formerly known as G.J. Fitzpatrick & Company, operation began from a small office in the basement of the former Gissings Building in Fitzmaurice Street. Geoff was given the building rent free in return for the owner’s financial books being written up. Throughout Geoff’s real estate career …
Continue reading
Before you sell your property you will need to make sure your pool/spa is registered with the NSW swimming pool register. You will also need to have a compliance certificate, occupation certificate or certificate of non-compliance. To check if your pool or spa is compliant visit http://www.swimmingpoolregister.nsw.gov.au/ More information can be found here http://www.fairtrading.nsw.gov.au/ftw/consumers/product_and_service_safety/pool_safety/swimming_pools.page
Continue reading
A sale contract is required by law before your property can be put on the market. Your Solicitor or Conveyancer can draw up a contract for you. It will include information about the land and property for sale as well as the terms and conditions of the sale.
Continue reading
As of 1st January 2020, first home owners are eligible to apply for the first home loan deposit scheme, an initiative of the Australian Government to help first home owners purchase a home sooner. The grant provides “a guarantee that will allow eligible first home buyers on low and middle incomes to purchase a home with a deposit of as little as 5 per cent.” …
Continue reading
An agent agreement is the signed agreement that is the contract between the selling parties (vendor/s) and selling agent/agency about the property for sale and the terms of the sale. You will need to sign one of these prior to your home being listed for sale with your chosen real estate agent.
Continue reading
When you have decided on your agent you need to sign an Agency Agreement and get a Contract drawn up by your solicitor. Once the contract has been received by the agent, they can then begin marketing your property. Your agent will then conduct buyer work and inspections. Offers from purchasers will be negotiated with you via your agent. Once you have accepted an offer …
Continue reading
This is the legal part of the sales process when a property is sold by private treaty or auction. There are two copies of the contract, one for vendor and the other for the purchaser. The purchaser and vendor can negotiate changes to the terms in the contract prior to signing which can be done through their solicitor. Each party signs a copy and then …
Continue reading
This is the conclusion of the sale process and usually takes place approximately 28 days after contracts have exchanged. This time frame can be negotiated between the purchaser and vendor via your solicitor upon the signing of the contract prior to exchanging contracts. Once the property reaches the settlement date, the balance of the purchase price must be paid and the purchaser becomes the legal …
Continue reading