December 9th, 2008
Terry and his team are in need of high quality stock and have buyers waiting now!
For a warm friendly reception, contact Terry and his team – they will be more than happy to help you to achieve the superior results that you know you and your property deserve!
September 6th, 2008
Victorians will use a new contract for real estate transactions, beginning on 28 September. Transactions signed up before that date will not be affected by the introduction of the new contract.
The new contract will replace both the contract note and the contract of sale in current use.
The new contract will be used by estate agents, lawyers and conveyancers. A more comprehensive document than those which it replaces, it was developed by the REIV, the Property Committee of the Law Institute of Victoria and Consumer Affairs Victoria.
Importantly, the contract should reduce the expense of conveyancing. It does away with the outdated legal procedure of delivering and answering requestions on title and substitutes a series of vendor warranties.
The warranties cover things such as the vendor’s right to sell the property and whether it is subject to pre-existing rights that could not be discovered by a search at the Land Registry, or affected by legal proceedings such as a family law claim.
Apart from simplifying the conveyancing process, buyers and sellers should notice little practical difference in the sale process.
