Understanding Bridging Loans: A Guide for Property Buyers Buying a new property can be both an exhilarating and daunting experience. Many individuals opt to sell their existing property first to leverage the equity for their new purchase. However, there are circumstances where acquiring a new property prior to selling the […]
Understanding Counter Offers in Real Estate In the realm of real estate transactions, a counter offer plays a pivotal role in negotiations between buyers and sellers. A counter offer is essentially a response to an initial offer that is deemed unsatisfactory, allowing the responding party to propose new terms. This […]
Understanding the Cooling Off Period in Property Transactions The cooling off period is a critical aspect of property transactions that provides buyers with a designated timeframe to reconsider their purchase. Typically lasting a few days, this period allows buyers to cancel their contract with a specified fee, which varies by […]
Understanding Strata Title vs Company Title in Property Purchases When purchasing a property that shares land with other owners, such as apartments, units, or townhouses, it is crucial to understand the type of title associated with the property: Strata Title or Company Title. Each title type has distinct implications for […]
7 Ways to Downsize in Style Downsizing your property can be a strategic move, especially in the current real estate market where larger homes are being quickly purchased, and smaller properties are plentiful. With less competition from first-time home buyers compared to the previous year, now is an opportune moment […]
Understanding Stamp Duty and Its Impact on Property Transactions Stamp Duty is a significant tax levied by state and territory governments on various property transactions, particularly when purchasing homes, land, or investment properties. This tax is calculated as a percentage of the property’s purchase price and is the responsibility of […]