It is not unusual for purchasers to be asked to sign a Contract and to pay a deposit at the Agent’s office either on a weekend or at night before they can see their Solicitor to obtain advice. This will normally not be a problem as long as the rules set out below are followed: …
Signing the Contract to Purchase Real Estate Before You See a Lawyer Read More »
The general land tax threshold for the year 2020 is $734,000.00. Whether you need to pay land tax on your property depends on:- The type of property; What the property is used for; The total value you own as at midnight on 31 December each year; Whether you meet the definition of a foreign person. …
An off the plan purchase is where a property is sold without the lot being created at the time the Contract was entered. From the 1 December 2019 Vendors are to have the following annexed to the Contract:- Disclosure Statement https://www.registrargeneral.nsw.gov.au/__data/assets/pdf_file/0006/567663/Disclosure-Statement-Form-Off-the-Plan-Contracts.pdf A draft plan prepared by a surveyor. Any restrictions or easements are to be …
New Requirements for off the plan Contracts entered into after 1 December 2019 Read More »
