Archive - Posts in category Frequently Asked Questions

When should I have my section 32 prepared?

Posted on Tuesday, 15 November 2016
in Frequently Asked Questions

We are often asked by people wanting to sell their home, when should they have the section 32 produced, the answer to that question is preferably before the property goes on the market, that way the agent has the ability to market the property...

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Should I sell my house before buying?

Posted on Tuesday, 15 November 2016
in Frequently Asked Questions

If you are in a position where you are unable to purchase another property without selling your home, we’d certainly recommend that you do.

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Why should I bid at an auction?

Posted on Tuesday, 15 November 2016
in Frequently Asked Questions

There is a real benefit bidding at an auction, if you bid at the auction and there is no other bidder, and at that point the auctioneer passes the property into you, you’ll be given the sole right to negotiate on the property at the exclusion...

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What does pre-approved finance mean?

Posted on Tuesday, 15 November 2016
in Frequently Asked Questions

So you have your home for sale and an agent brings you an offer on your property, subject to finance, however they say to you that the buyer has pre-approval, what that means is the buyer has had some form of communication with the bank and based on...

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Can I have my house deposit released?

Posted on Tuesday, 15 November 2016
in Frequently Asked Questions

In many cases you may have your home deposit released, but depends on a few factors, one of those factors could be the current situation with the mortgagee, also can be to do with the status of the contract of sale, but certainly talk to your...

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When is, my house sold?

Posted on Tuesday, 15 November 2016
in Frequently Asked Questions

When your home has been sold is when all parties have signed the contract and any conditions in relation to the contact have been met and the deposit has been paid.

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When have I actually secured a property purchase?

Posted on Tuesday, 15 November 2016
in Frequently Asked Questions

So you’ve made a verbal offer to purchase a property, the agents spoken to the owner and the owner has said yes we’d be happy to accept that offer, however be aware the reality is you haven’t technically secured that property until...

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What does an unconditional offer mean?

Posted on Tuesday, 15 November 2016
in Frequently Asked Questions

Basically, an unconditional offer is an offer to purchase a property that has no conditions attached, in other words, it’s not subject to a building inspection, finance or any other such things that may stop the sale going ahead and allows the...

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What do I need to know to make an offer to purchase a property?

Posted on Tuesday, 15 November 2016
in Frequently Asked Questions

There are 4 key factors, the first being, how much are you offering to pay for the property, second one being, what settlement period are you looking for, another word when would you like to take possession of the home, the third one is, what...

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What is a Section 27?

Posted on Tuesday, 15 November 2016
in Frequently Asked Questions

A Section 27 is basically an early release of the deposit, so if you’ve sold your property and you’d like to obtain the deposit, speak to your solicitor about having a section 27 executed.

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