12 Jan
2010
2010
Implications of the New Real Estate Agents Act
Filed under: Mortgages, Property Buying Tips
The new Act is great for protecting home buyers (ensuring full disclosure) but it has made it more difficult to raise finance on properties with code issues. If you are keen to buy a property that has a Code of Compliance issue you will generally need to get compliant prior to settlement
Have you bought a property but you don’t have the deposit available? It happens often, and it can cause serious stress as the unconditional date approaches
The prudent and wise thing to do is to have as few conditions in the agreement as possible, but make those conditions effective. They need to give you maximum possible protection so that if you find any “horrible things” you can walk away
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