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To real estate agents, sellers and buyers of real estate, Saturday’s is often referred to as Game Day. That is because most residential property auctions are held on a Saturday. For alot of buyers, there’s still a lot of fear surrounding the auction process with many buyers losing out on a dream home opportunity simply …

What are the four most important tips for a winning auction strategy? Read More »

In Victoria, the seller of property can request access to the deposit monies paid by the purchaser prior to settlement. To gain access to the deposit before settlement the seller must provide the purchaser with information required under section 27 of the Sale of Land Act 1962; which discloses details of any mortgage or caveat …

Can the seller of property access the deposit before settlement? Read More »

Buying “off the plan” means buying land, a townhouse, or an apartment that does not yet exist other than as a drawing on a proposed plan. It also means the property does not have its own title registered with the Land Titles Office. Buying “off the plan” allows a buyer to secure the property before …

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In Victoria, the Sale of Land Act allows a purchaser who signs a Contract to purchase real estate to terminate the Contract, under certain conditions, and “cool off.” To be able to effectively “cool off” and terminate the Contract; the Purchaser must satisfy the following:- 1. The Purchaser must notify the Vendor within 3 clear …

What is “cooling off”? And under what conditions? Read More »

A Section 32 Vendors Statement is a mandatory document provided by the seller of real estate (vendor) to any prospective purchasers, with serious ramifications if it is not provided or if there is an error in the document. It’s name is derived from Section 32 of the Sale of Land Act, which requires a vendor …

What is a Section 32 Vendors Statement? Read More »