There are several options for keeping title deeds safe. One of the most secure options is to store them in a high-quality fire-proof document safe at home. However, not everyone has a safe or may not want to keep such important documents at home. In such cases, banks or building societies can take care of title deeds. Although keeping paper documents in a safe deposit box is a convenient option, it typically incurs rental charges and possibly fees for viewing the deeds.
Gazumping is a term used in the property market when a seller accepts a higher offer from another buyer after already accepting an offer from a potential buyer. This can be frustrating and disappointing for the buyer who has already made an offer and can lead to a lot of confusion and uncertainty in the buying process. But why does gazumping happen, and what can you do to prevent it from happening to you?
Buying a new property can be an exciting yet stressful time. Most people sell their current property first and use the available equity to purchase a new one. However, there are times when buying a new property before selling your current one may be necessary. This is where a bridging loan comes into play. In this article, we will discuss what a bridging loan is, why it might be necessary, and how it works.
In the real estate industry, a counter offer is a proposal made by a party in response to an unsatisfactory offer from the other party. In simpler terms, a counter offer is a new offer made in response to the original offer, which typically amends or alters some terms of the initial proposal. In this article, we will delve into the various aspects of counter offers in real estate and what Australian home buyers and sellers should know about them.
Property caveats are essential legal instruments in the world of real estate, often playing a vital role in protecting the interests of individuals or entities that have a claim on a specific land or property. Serving as a statutory injunction, a property caveat effectively notifies others of the claimant’s interest and prevents the registration of particular dealings with the real property in question. While this may sound straightforward, property caveats can be complex, and it is crucial to grasp their underlying legal context and implications.
As anyone who has gone through the process of buying or selling a property knows, conveyancing can be a complex and confusing process. There are many different terms and fees that you need to be aware of, and one of these is disbursements. In this article, we’ll explain exactly what disbursements are, why they are necessary, and how to manage them effectively.
A cooling off period is a set period of time, usually a few days, during which a buyer of a property has the right to cancel their contract with a fee (the fee differs in each state). This period is designed to provide peace of mind for the buyer, giving them time to fully consider the purchase and make any necessary arrangements before making a final decision. Here are a few key points to be considered when reviewing your cooling off period.
If you are waiting on a new home build to be completed and keep seeing your completion dates getting pushed back further and further you’re not alone. Australia wide building projects are being delayed or even terminated due to building materials being reallocated, the supply being unable to meet demand or detained shipments thanks to global delivery issues. Add to that a shortage of skilled workers and an abundance of sick leave, it’s a recipe for frustration and dead ends.
There is a lot of emotion in buying property at any time, but possibly even more so with the current unpredictability and uncertainty of the property market. In this blog we cover the top five things to consider when buying property to help you get that perfect balance between making a smart decision and securing a deal before other buyers swoop in.
If you’re thinking of buying a property off the plan there are a few extra considerations you need to take into account before you sign.
