Update to e-Bulletin Issue #66On 3 April 2017, the Sale of Land Amendment Act 2016 (the Act) came into effect in Western Australia. The legislation introduces greater protections for consumers when signing sales contracts for land that is not yet owned by the developer. Landgate have now clarified and updated information that was previously communicated which also includes variation to the Approved form of the statutory warning that must be used. This e-Bulletin replaces issue 66 Changes to the Sale of Land Act – what...
Confused about home loan pre-approvals? Here’s everything you need to know before you start house hunting. What information do you need? First, your broker will want to build a comprehensive picture of your finances. To do this, you’ll need to provide evidence of everything including: Pay slips and tax returns for your income. Title deeds for tangible assets (i.e. physical items such as buildings, machinery and inventory), and Portfolio statements for intangible assets (non-physical items such as copyrights and patents). Loan...
In other news today, we celebrate on achieving our PEXA certified trophy.
Another electronic funds transfer fraud has occurred whereby a client has been emailed by a person they have believed to be their conveyancer.Otherwise known as “spoofing” the client has assumed the email to be legitimate and has followed instructions to transfer funds.AICWA recommend all members undertake the following: Do not send trust account details and requests for moneys in the body of an email; Advise your client that trust details will not be requested by email (and why); Advise...
Whether you’re buying a property to invest in or call home, it’s a good idea to look at emerging property trends, to support your purchasing decision. Lifestyle locationsBuying a property that can accommodate a growing family in a major city is challenging on the average family income. Instead, some buyers are looking in outer metropolitan and regional areas within two hours’ drive of a capital city. These are considered “lifestyle locations”, according to REA chief economist Nerida Conisbee, because buyers...
With autumn here, now is the perfect time to make improvements around your home, and get your property in tiptop shape for winter. Here are some ideas for the to-do list. Repair Roof problemsSmall roof leaks will make it harder to keep your house warm in winter. Inspect your roof for damage (or have a professional do it) and fix any holes or gaps.Get your gutters in orderAutumn’s falling leaves look picturesque but can cause a problem for gutters and...
