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Which Season To Sell In?

October 18, 2018

Purchaser Sales Vendor

Does the time of year really make a difference? We have all heard the hype that spring is the best time to sell but as the colder months approach does this time of year deserve the stigma of being the worst time to put your property on the market? It does make sense to sell […]

Buyer Beware

September 18, 2018

Purchaser Sales Vendor

Have you done your There is a lot more to Due Diligence than getting a Building and Pest Inspection performed. Careful and thorough checking of anything that could affect you and the desired property takes time and effort. It is very important you take the necessary steps to identify any obligation and restriction issues regarding […]

Goods and Chattels

September 6, 2018

Purchaser Sales Vendor

(AKA – ) What stays and what goes when you buy a property? A Purchaser’s offer has been accepted by a Vendor and contracts are being organised to be signed, but what actually are they buying? Yes, when a Purchaser buys a property they get the title and that gives them the right to the […]

What is a Comparable Sale?

August 22, 2018

Purchaser Sales Vendor

On the 1st May, 2017, Consumer Affairs Victoria introduced new underquoting laws which apply to Estate Agents and Agent’s Representatives engaged in selling residential property in Victoria.Based on legal requirements, an Agent must take into consideration the three most comparable property sales to the property for sale when discussing an *estimated selling price with a […]

Exclusive Leasing and Managing Authority: Residential Property

August 8, 2018

Landlord Property Management Purchaser

The ‘Exclusive Leasing and Managing Authority’ (otherwise known as ‘The Authority’) is a binding contract signed between a landlord and the agent. In signing it, the landlord gives the agent exclusive rights to find a tenant and authorises them to manage the rental property. The authority should include: The agent notifying you of any damage […]

Contract of Sale of Real Estate

July 24, 2018

Purchaser Sales Vendor

A property is ‘Under Contract’ when both Vendor and Purchaser have signed the Contract of Sale. It is deemed to be ‘Unconditional’ (sold) when all the conditions of the sale have been met. The Contract of Sale can also be used by prospective Buyers to make an offer on a property. A formal Contract of […]

Vendor’s Statement (Section 32)

July 18, 2018

Purchaser Sales Vendor

It is a legal document, also known as a Vendor’s Statement, and is so called because the information it must contain is set out in Section 32 of the Sale of Land Act.  The Vendor (seller) is required to supply any persons who have an interest in purchasing their property with a Section 32  BEFORE […]

Buying Process Checklist for Purchasers

June 18, 2018

Purchaser Sales Vendor

Here is a handy checklist for purchasers to refer to when looking at buying a property. (from: Real Estate: A guide for Buyers & Sellers) We hope you find it useful.   Have you worked out your budget? For most buyers this means finding out if you are eligible for a loan and the amount […]

The Sales Process – From the Purchaser’s Perspective

May 15, 2018

Purchaser Sales

The chief responsibility of the sales agent is to look after the vendor however it is in their best interest to also assist the purchaser in any way possible to ensure a smooth transition of the property from the vendor to the purchaser.  Even if a buyer does not make an offer for a property […]

Property Consultants’ Responsibilities to Their Vendors

May 9, 2018

Purchaser Sales Vendor

There is no doubt we work for the vendor, they have hired us to do a job for them, they are paying us to negotiate the best possible price and contract conditions for their property.  Not only do we take these responsibilities very seriously, we also have other obligations we need to meet in regards […]

The Purchaser is Important too!

April 17, 2018

Purchaser Sales

There is no doubt we work for the vendor, they have hired us to do a job for them, they are paying us to negotiate the best possible price and contract conditions for their property. However, it is in our best interest to look after the purchaser too, to give them high quality service, because […]