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How can I get out of an off the plan contract?

How can I get out of an off the plan contract?

How can I get out of an off the plan contract?

Buying property off the plan can be an exciting venture, but circumstances can change, and sometimes you may find yourself in a situation where you need to exit the contract. While it’s not always straightforward, it is possible to terminate an off-the-plan contract under specific circumstances. In this blog post, we’ll explore the steps and considerations for getting out of an off-the-plan contract in Victoria.

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What is the difference between a conveyancer and solicitor?

What is the difference between a conveyancer and solicitor?

What is the difference between a conveyancer and solicitor?

When it comes to property transactions in Victoria, it’s common to hear about two key professionals: conveyancers and solicitors. Both play a crucial role in ensuring a smooth and legally sound property transaction. In this blog post, we’ll explore the key differences between conveyancers and solicitors to help you understand their roles and when to engage their services.

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What are the stages of conveyancing?

What are the stages of conveyancing?

What are the stages of conveyancing?

Conveyancing is an essential process when buying or selling property in Victoria. It involves a series of stages that ensure a smooth and legally sound property transaction. In this article, we’ll break down the stages of conveyancing to help you understand what to expect during this crucial process.

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How much is an off plan deposit?

How much is an off plan deposit?

How much is an off plan deposit?

Buying property off-plan is an exciting journey that allows you to purchase a property before it’s constructed, often at an attractive price. One of the key financial aspects to consider when entering into an off-plan purchase is the deposit. In this post, we’ll explore the typical deposit amount for off-plan properties and factors that can influence it.

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Who pays conveyancing fees buyer or seller?

Who pays conveyancing fees buyer or seller?

Who pays conveyancing fees buyer or seller?

When it comes to property transactions in Victoria, one common question that often arises is: Who pays the conveyancing fees, the buyer or the seller? Understanding how these fees are typically distributed is crucial for both parties involved. In this article, we’ll delve into this important aspect of property transactions.

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Is it cheaper to buy off the plan?

Is it cheaper to buy off the plan?

Is it cheaper to buy off the plan?

Buying property is a significant financial decision that requires careful consideration, especially in Victoria, where the real estate market can be competitive and prices vary widely across different regions. One option that often piques the interest of prospective buyers is purchasing property “off the plan.” But, is it truly cheaper to buy property off the plan in Victoria? Let’s delve into the factors that can influence this decision.

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What does buying off the plan mean?

What does buying off the plan mean?

What does buying off the plan mean?

Buying a property off-the-plan means agreeing to purchase a property before construction or completion, and usually before the plan of subdivision has been registered and separate titles for the property issued. In other words, you are buying a property based on its plans and specifications rather than physically seeing the finished product.

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What do I need to look for when buying a property?

What do I need to look for when buying a property?

What do I need to look for when buying a property?

The common form of contract for the sale of real estate in Victoria provides that the purchaser buys the property in its current condition, and any omission or mistake in the description of the property or any deficiency in the area of the land does not invalidate the sale. Accordingly, a purchaser should test and document what appliances are in working order on the day of sale, including hot water service and any heating/cooling, as well as measuring the land to the nearest intersection to ensure the property fences are on the correct boundary.

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