So your offer has been accepted on the property you wish to purchase. When do you need to pay the deposit? A deposit needs to be paid when contracts are exchanged, a contract is not binding until the deposit is received. The deposit is 10% of the purchase price unless otherwise agreed to by the Vendor. The remainder of the purchase price is due on …

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Yes. The agent will submit offers to the Vendor throughout the campaign and the property can legally be sold prior to auction. It is at the vendors’ discretion whether they accept the offer and often they prefer to proceed with the auction if there are multiple interested parties. If the vendor accepts your offer, you must be prepared to wave the cooling off period, exchange …

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Pest and building reports help you as a potential purchaser of a property go into the process fully informed. We think it’s a good idea. Some companies can do both of them together which is really convenient for both sellers and purchasers. Building inspections can verify that the structures on the property are approved and compliant, and they can also help discover any problems not …

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