Going in with eyes wide open

Contracts can be daunting – especially if you don’t deal with them in your normal course of work.  Signing an Offer to Purchase is a complex agreement that has many facets to protect both the buyer and the seller.  At Rivigan Property Group it’s our job to know these contracts and know how to communicate them to our clients in a way that is clear, honest - and in their best interests.  Many people run into exciting purchases with their eyes wide shut – hoping for the best.  Unfortunately, if you’re not going to read and understand the contract, you may encounter severe problems later on.
 
Before even getting to the point of signing an Offer to Purchase, we strongly advise that your finances and pre-approved bond details are organised and ready.  It is essential that your financial position be as stable as possible, should it change after signing the contract and if it was signed in good faith, it will not be a reasonable and legal consideration to renege on the contract.

Once you get to the point where you have checked out the property, or the developer, and are happy to sign an Offer to Purchase you are well on your way to a smooth and beneficial transaction.  A signed offer constitutes a Deed of Sale; it sets the precedent for all further legalities around the ownership of the property so it’s important to know all the details.

Here are the first five considerations to take note of in your Offer to Purchase:

SOLD! Now what?

Congratulations! You have a happy buyer, but the process is far from over!  We want you to be fully ready and prepared for the steps that are common to every sale to make sure that you have no surprises.

Selling your house is a stressful process.  We work to reduce that stress by communicating with our clients throughout the deal because we value long-term relationships and want to invest in you, not only now but also for the future.  We strive to communicate as often and openly as possible, without compromise.  Rivigan Property Group have staff employed for the sole purpose of managing all the paperwork and dealing with the legal beagles so that you can relax!  

Once an offer to purchase is signed, the process continues as follows:

• You will receive a copy of the sales agreement from your agent
• Your agent sends another copy and instruction to the conveyance attorney on your behalf
• Your agent assists the buyer in obtaining the necessary finance (if applicable)
• Th bank will inspect the property for valuation
• Once your bond is granted the bank instructs bond attorneys to proceed with registration of the sale
• Your agent will assist with electrical wiring and borer beetle inspections, and certificates where applicable
• The conveyance attorney then requests title deeds and prepares documents for signature by both parties
• Your agent will ensure that the buyer's transfer costs have been placed with the conveyance attorney
• The conveyance attorney applies for cancellation requirements of your existing bond and transfer duty receipt from the deeds office
• The conveyance attorney applies for rate/levy clearance certificates from municipality or managing agents
• The conveyance attorney will request a guarantee from the bond registration attorney
• Finally, the conveyance attorney lodges all necessary documentation with the deeds office
• The sale will be registered into the buyer's name approximately 7 - 10 days after lodgement has taken place
• The conveyance attorney pays out the nett proceeds of sale to you

Phew, a process that is designed to ensure that you receive optimal service and the best deal for your home.  Make the smart choice and do it right the first time with the Rivigan Property Group.