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Everything you Need to know about Online Property Sales and Arranging for Finance

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Buying a property is one of the most crucial decisions ever. It is an expensive affair, and you need to arrange for funds before you make the big decision. Finding a property can also be a challenging task. However, many times, people find the property first when the finances are yet to be arranged. In such a situation, people need to prepare for various agreements, which are known as ‘subject to finance.’ Not mentioning it in the contact can put them in trouble. What is ‘subject to finance’? When you make ‘subject to finance’ offer, it is a standard condition in the home buying contracts. The clause benefits you as it gives you time to arrange for the loan for purchasing the property that you intend to buy. It safeguards your interest because if you fail to arrange for the required funds, it allows you to end the contract and not go through with the sale. However, just like other conditions of the contract, the ‘subject to finance’ clause can also lead to serious issues,
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4 Important Steps to Take Before Buying Property and the Role of a Property Legal Advisor

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Buying one’s first home is a milestone in everybody life, but it does come with its own challenges. The process can often overwhelm first-timers, especially those, without an organised plan. So, here is a step by step guide for potential homeowners and when they should get themselves a property legal advisor in their course of action. Step 1: Analyse your Financial Health Do not even start clicking through pages after pages of online property without reviewing your financial status with a keen eye. 1) Savings: Before buying a house, one should have enough saving to support them for at least 6 to 8 months in case they lose their job. 2) Down payment: You must start setting aside money for your down payment if you are planning to buy a home. In most cases, lenders would want at least 20% down payment of the amount they are lending, and one must stay ready with it. 3) Budget: It is usually recommended to look for homes that are about 3 to 5 times the annual income of the
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How Changes in ‘Off The Plan’ Concession Affected Real Estate in Victoria and a Solution to it

Investing in real estate or buying a residential property is a great way of expanding one’s wealth and assets. With so many different ways of growing one’s wealth by investing in real estate in Victoria , it is essential to make an informed and smart decision so as to maximize the return in this profitable sector. However, if one is a novice to this market and is unaware of its dynamics and intricacies, it is crucial, to begin with, the off the planned law established by the Victorian Law on July 2017 which had a huge impact on the real estate scene in Victoria. Here is detailed information on off the plan property and concession and how to avoid its common pitfalls. What is off-the-plan property and concession? The term ‘off-plan’ property refers to any land or property which is available for purchase even before its construction has commenced. This is where buying ‘off-the-plan’ comes from, and it typically refers to the purchase of apartments. Off-plan property is favourable f
Location: 430 Little Collins St, Melbourne VIC 3000, Australia
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Tips for Inspecting the Home You Wish to Buy

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Inspecting a house before making a purchase decision can be a daunting task for most people, no matter how experienced they are. One must take care not to be swayed too much by the sweeping staircase or warmly coloured walls. After all, there is more to a home than its interior décor. Take care to consider the state of repair of the building, just as much one would judge the layout of the kitchen and be attracted by a well-planned bedroom. In case of a serious buyer, it pays to be thorough. Make an effort to find house information on a substantial basis. A few essential checks can make a difference in finding a dream home instead of a costly mistake. Here are a few things you can check with the help of a real estate guiding platform, Clarity Online to evaluate a potential new home:   •    Check for mould, water stains or corrosion Examine the walls for any signs of water leaks or moisture penetration, particularly near baths and showers. This may not be a structural defect
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Location: 430 Little Collins St, Melbourne VIC 3000, Australia
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