As the Hunter Region continues to grow, more properties will become part of strata or community groups. Here’s a quick rundown to help you understand the differences.
Read moreConveyancing Terms
Property contracts are SLOWLY evolving into plain English (as opposed to legal-speak), but there is a limit as to how simple they can be made, while still properly informing and protecting the parties.
It’s our job as a Conveyancer to understand and interpret this information for you. Still, knowing a few of the basic terms, can only benefit you as negotiations commence.
Read morePaying the Deposit
When agreement is reached to buy a property, the purchaser is normally required to pay a deposit of 10% of the purchase price. Normally, the deposit will be held in the real estate agent’s trust account until settlement. No-one earns any interest. It just sits there.
Paying the deposit quickly is a sign of good faith, however, it does not “hold” the property for you.
You still need to exchange contracts.
Read moreBuying Off The Plan
Developments are everywhere! Buying into a proposed development can allow buyers to get a cheaper, more customized (and potentially tax effective investment) property than an existing dwelling. However, there are additional factors to consider before signing on the dotted line.
Read moreCyber Security and Conveyancing
Stevens Conveyancing takes our cyber security and the protection of personal data extremely seriously.
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