RCDs, Smoke Alarms and Electrical Safety – Compliance Alert Reminder

RCDs and smoke alarms: Your rights and obligations

In March 2018, a young Perth girl was electrocuted after touching a garden tap which had become live because of an electrical fault. The incident left her with catastrophic brain injuries. Although the cause was likely a fault with the way the house was wired, the accident underscores the dangers of electricity in residential properties. …

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How the REIWA structural inspection annexure could compromise your legal rights

How the REIWA structural inspection annexure could compromise your legal rights

If you’re buying an older property it makes sense to ensure it’s structurally sound before committing to the purchase. The most common way to obtain this assurance is to make your offer subject to a structural inspection. Because it’s so common, most agents make use of a ‘standard’ structural inspection condition that’s attached to the …

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A complete guide to completing your pre-settlement inspection

A complete guide to completing your pre-settlement inspection

If you’ve bought a home using a standard REIWA Offer and Acceptance you’re entitled to complete a pre-settlement inspection. But your right to complete that inspection has limits, as we explain below. What is a pre-settlement inspection? A pre-settlement inspection allows you to check that the seller has complied with their obligations under the contract. …

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White Ants: Don’t Let These Little Pests Ruin a Deal

White Ants: Don’t Let These Little Pests Ruin a Deal

Sometimes it’s the little things that cause the biggest headaches during settlement. This was certainly the case for one unsuspecting seller when a dispute arose between himself and the buyer after the discovery of live termites in a tree stump. In this instance, Mr Jones (not his real name) accepted an offer that was subject …

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An old house requiring repairs

How rookie advice about a structural inspection almost cost a buyer thousands

A recent settlement case has highlighted the need for agents to understand the implications of ‘structural inspection clauses’, particularly, what it addresses and what it doesn’t.   This was clearly demonstrated when a rookie agent incorrectly advised a buyer that some maintenance issues at a property would be covered by a structural inspection clause, potentially …

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How a finance approval letter could cost thousands in penalty interest

How a finance approval letter could cost thousands in penalty interest

A recent call from an agent has highlighted the risks to buyers when they fail to notify the seller that their finance has been approved. In this instance, the buyer had told the agent they had received finance approval. But, in an attempt to delay settlement, they refused to provide the written notice required by …

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How smart buyers deal with settlement delays

How smart buyers deal with settlement delays

You’ve signed the contract. Finance is approved. The sold sticker is up. You’re just days away from settlement and moving in to your new home. And then the news you weren’t expecting – the seller won’t settle! They tell you they’re involved in an interstate purchase that needs to fall over before this one can …

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