The contract arrives. The property purchase is, not unusually, being made by two people with the same surname. But there’s no instruction about how they’ll share ownership – whether as ”joint tenants” or as ”tenants in common”.
There are crucial legal differences between the two structures, which have long-term financial ramifications. Continue reading Joint property contract — have you worked out which type of tenancy suits best?
As the weather warms up, it serves as a good reminder about the precautions we need to take to make our homes and yards safe before the heat of summer hits.
If, like last ear, winds reach as high as 100 km/h, trees that are close to powerlines are going to become a real issue. Continue reading What any homeowner or tenant needs to know about trees and powerlines
Once a property has been sold, there is a period of time between the contract being signed and the handover of keys, in which a number of important steps must be completed.
When reading through the overview below, the following terms are used:
Vendor: The person or entity selling the property
Buyer: The person or entity buying the property
The property market is alive and buzzing in Spring, with an abundance of buyers and great weather for home inspections. That said, many properties will inevitably make their way onto the market, which means you’ll have a bit of work to do to ensure your investment stands out.
Groom your property for its grand entrance onto the market. Take advantage of the season and give the dwelling a once-over before hitting the ‘For Sale’ board with these 10 top tips for preparing your home for a successful spring sale. Continue reading 10 ways to prepare your property for a Spring sale
It never ceases to amaze how many people present their home for sale with a grimy bathroom that looks dated, and then wonder why they are having trouble selling.
A bathroom that doesn’t look clean immediately puts potential buyers off. Use some clever, easy ideas to update your bathroom, and you will reap the rewards. Continue reading Sold on bathrooms
Landlords and tenants don’t really have much to dispute. Not getting the toilet fixed for 6 weeks is not a dispute. You are just a bad landlord. Taking a tenant to the tribunal because they have punched holes in all your walls is not a dispute. They have broken the terms of the lease and must leave. No dispute.
If you use a real estate agent to manage your property, you also have a contract with them. In NSW, they must adhere to rules that state: “An agent managing a rental property must promptly respond to and, subject to the principal’s instructions, attend to all requests by a tenant for maintenance of, or repairs to, the property.” If they haven’t done this, your dispute might be with them rather than the tenant. Continue reading Negotiating Residential Tenancy Disputes
You might think building faults are confined to structures like that condemned old hovel at the end of the road that’s about to fall down. If so, you might want to think again. Continue reading How to spot a property lemon
Offering to be a guarantor can be a great way for parents to help their children into the property market sooner, but first there a few potential catches to be considered. Continue reading Lending a family hand
Buying at auction can be a fast and effective means of securing your dream property but buyer beware, it is not without risks.
With substantial sums of money at stake and emotions running high, property auctions can be adrenalin-charged affairs.
A good auctioneer will create a sense drama to proceedings to ensure that punters are primed and the bidding runs hot – so you’ll need to be on the ball. Continue reading Auction Strategies- Bid with confidence
Forgetting to factor in the added costs of buying a property can be one of the biggest mistakes investors can make.
Following these tips will help ensure you avoid any nasty surprises. Continue reading Buying a property – the hidden extras