Real Estate Agents – Working For You
I’m often asked my opinion of Real Estate Agents. Likewise, people also often ask me if there are any Agents I would recommend. In regards to my opinion of Real Estate Agents, I have to be fair and say that they are just like any other profession. The majority of them are decent, ethical operators […]
Mortgage Brokers – Friend or Foe?
The title of this blog was intentional to grab your attention. Not for any sinister reason though. Just to give us all an opportunity to look at the role of Mortgage Brokers in the purchasing process. Rather than keep you in suspense however, let’s get the answer out on the table straight away. Mortgage Brokers – […]
Accountants – Not Just Bean Counters
In my years in business, I’ve found that having a strong, dedicated team around you is crucial. You need a team who are looking out for your success as they are important to maintaining a smooth-running business. Industry professionals who can provide guidance and support can be the difference between thriving and struggling. Accountants especially […]
GST Payments at Settlement
In 2018 the ATO introduced legislation around GST payments at settlement. Now, the GST component of certain property sales becomes payable directly to the ATO by the Purchaser at the time of settlement, instead of by the supplier (or in the terms of a Contract, the Vendor). Huh? What? Basically, prior to 1 July 2018, […]
Settlement Insurance – Who’s Liable and When?
If you’re wondering who’s liable for claims related to a property during the settlement process, well done. You’re a thinker. Not many people think about it, which is a bit of a worry. There’s no such thing as “Settlement Insurance” per se. Taking out building insurance during the settlement period though is very important. Do […]
Title Insurance – What’s the Gamble?
Sometimes it feels like the fees, charges and levies associated with purchasing property are endless. Most are unavoidable, and we have to cop them on the chin. Title Insurance is optional and is worthy of consideration before deciding whether or not to take it out. Title Insurance can reduce out of pocket expenses if there’s […]
Joint Tenants or Tenants in Common? What’s Best For You?
A lot of people don’t consider the division of ownership when purchasing property with someone else. They just assume that each party owns an equal share. Or, a share of the property based on the percentage of costs each person has paid. But before the Transfer is prepared, you must consider if you register as […]
Settlement Day – What Happens
Today, we’re going to delve into what’s involved on Settlement Day. Before we do, let’s address the most common questions clients ask us about the day. The answer to both questions, is no. You have chosen a Conveyancer to manage this for you, and this is where we bring everything together. We take care of […]
Easements and Encumbrances – What to Know
If you’re uncertain about the meaning of Easements and Encumbrances, it’s crucial to understand them before beginning any property transaction. They’re not the same thing, and they can significantly impact your goals. Easements Easements grant certain parties the right to enter your property for specific reasons. For instance, Council or SA Water may require access […]
After Settlement – Are We Done Now?
Today, we’ll share with everyone a little bit about what happens after settlement, following on from our last three blogs. Luckily whether you’re the Vendor or the Purchaser, most of these last few tasks are your Conveyancer’s responsibility. Let’s go through what they are and how they happen. First up, you won’t need to attend […]
Licence to Occupy and Licence to Store – What and Why?
Previously we wrote about what can go wrong on Settlement Day and how to possibly avoid any settlement problems that could lead to delays. Following on from this, we’ll explain what Vendors and Purchasers can agree upon in the event of a delayed settlement. Specifically, a Licence to Occupy and Licence to Store. If settlement […]
Stamp Duty – Wish You Could Avoid Paying It?
Stamp duty ranks among the most dreaded fees associated with property purchases, but for some, there might be a surprise in store. Unfortunately it doesn’t apply to all transactions, so keep reading before you get too excited. But in July 2018, there were changes made when Qualifying Land was introduced. “What’s Qualifying Land?” I hear […]