You can make a verbal or email offer for a property, but nothing is binding until you’ve signed the contract of sale and made a deposit. A previous post [Offer and Acceptance] discussed what happens after an offer is accepted, but this time we’re going to look at some of the options you have when making an offer in the first place.
There’s a lot more in Hunter Valley Wine Region and Cessnock than just wine
This March, the U.S. Federal Reserve raised the country’s cash rate a quarter of a percent, to 1.75 percent. It’s the first time in 18 years, the U.S. has raised the cash rate higher than Australia’s, which remains unchanged at a record low 1.5 percent.
If you’re still looking to invest in real estate Cessnock might be a good low risk, high return strategy
A 2015 amendment to the legislation governing the sale and leasing of residential property has made any property that’s tested positive for, or even suspected to contain, loose-fill asbestos insulation (LFAI) a “material fact” that real estate agents must disclose to potential buyers and tenants [How Loose-Fill Asbestos Insulation Could Destroy Your Property’s Value].
There are two common ways to buy property: by private treaty or at auction. Both involve making an offer of sorts to the vendor, which is ultimately accepted or declined. This post is going to assume you’ve made an offer for a property, either at auction where it’s been the winning bid or on a private treaty sale and it’s been accepted. Now what? Continue reading “Offer and Acceptance”
In July 2018, the Department of Fair Trading will launch a loose-fill asbestos insulation (LFAI) awareness campaign in Newcastle, as part of the department’s Loose-Fill Asbestos Insulation Taskforce.
Lender’s Mortgage Insurance (LMI) is an insurance policy that protects the lender from financial loss if the borrower can’t afford to make their home loan repayments.
Loose-fill asbestos insulation (LFAI) is raw, crushed asbestos that was installed as ceiling insulation during the 1960s and 70s by a number of Canberra-based companies collectively known as Mr Fluffy. About 1,000 homes in the Australian Capital Territory and New South Wales are believed to be affected, with the majority concentrated in the ACT area.
However, the companies are also believed to have sold sacks of asbestos fibre insulation to homeowners directly for DIY insulation installations.
Many regional areas of Australia are providing property investors with financial gains that are just as good, and sometimes even better, than major capital cities.
As local property buyers’ agents for Newcastle, Lake Macquarie and the Central Coast, we can be your eyes and ears if you are unfamiliar with these areas. Find out more about just what we do.
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