When should I take out Insurance when purchasing a property?
Buyers should secure insurance when signing the contract of Sale. Once signed, the entire risk of the property is now assumed by the buyer.
What is a Form 1 and why you need one?
The Form 1 (Vendors Disclosure Statement), refers to a legal document that contains important information regarding the property being sold.
Are electronic signatures in SA legal?
Under the Electronic Transactions Act 2000 (SA) and the Land Titles Act 1994 (SA), electronic signatures are generally accepted in South Australia if they meet the following requirements:
What you need to know about buying at an auction?
Properties sold at auction function different to private sales. Here are a few tips to ensure you are prepared for the big day:
What is the Torrens Title System?
The Torrens Title System (Real Property Act) was founded in South Australia by Sir Robert Torrens in the 1850’s.
What is a VOI?
When buying or selling property, one of the first step your conveyancer must perform is the Verification of Identity.
What happens at settlement?
Settlement day is the culmination of buying or selling of a property. At settlement, the buyer transfers the agreed sale price to the seller, effectively gaining legal ownership of the property.