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
A 66w certificate is a legal document that waves the cooling off period after exchange of contracts, making the contract legally binding. This is a certificate that meets the requirements of section 66W of the Conveyancing Act 1919 and will need to be signed by your solicitor or conveyancer. A cooling off period allows a purchaser to withdraw their offer before 5pm on the fifth …
Continue reading
There are a lot of things to consider when investing in residential property. Read our eBook to find out more about investing or talk to one of our experienced agents who can give you advice on how to approach an investment property.
Continue reading
Do you have your eye on a property that you would love to inspect, but the Open Home times fall when you are unable to attend? There is no need to worry, we are more than happy to help find a time the suits your schedule. You can arrange a private inspection with an agent. We suggest you ring at least 24-48 hours in advance, …
Continue reading
So your offer has been accepted on the property you wish to purchase. When do you need to pay the deposit? A deposit needs to be paid when contracts are exchanged, a contract is not binding until the deposit is received. The deposit is 10% of the purchase price unless otherwise agreed to by the Vendor. The remainder of the purchase price is due on …
Continue reading
Yes. The agent will submit offers to the Vendor throughout the campaign and the property can legally be sold prior to auction. It is at the vendors’ discretion whether they accept the offer and often they prefer to proceed with the auction if there are multiple interested parties. If the vendor accepts your offer, you must be prepared to wave the cooling off period, exchange …
Continue reading
A conditional offer is an offer which is placed by a purchaser with conditions associated to it such as: Finance – the granting of formal finance approval from a financial institution Pest and Building inspection – an inspection of the property by a licenced professional to ensure a satisfactory pest and building report is completed Sale of another property – some purchasers may need to …
Continue reading
Pest and building reports help you as a potential purchaser of a property go into the process fully informed. We think it’s a good idea. Some companies can do both of them together which is really convenient for both sellers and purchasers. Building inspections can verify that the structures on the property are approved and compliant, and they can also help discover any problems not …
Continue reading
So the property you wish to purchase is going to auction. Here’s a quick guide to what you need to know come Auction time So what’s involved in buying a home at auction? To be able to bid at auction you will need to register prior to the auction commencing. You will be asked to give your name, address and show proof of identity If …
Continue reading
To help improve housing affordability in NSW, the NSW Government implemented a package to assist first home buyers getting into the market. This package offers first home buyers stamp duty exemptions and reductions as well as grants for those building or buying new homes. First home buyers will be eligible for: No payment of stamp duty for homes valued up to $650,000 Reduction in stamp duty …
Continue reading