Why Smart Buyers Have the Contract Reviewed?
The NSW Property Show with Svetlana Thorpe
Release Date: 04/05/2022
Decoding Property Jargon
The NSW Property Show with Svetlana Thorpe
Understanding real estate terminology is crucial for first home buyers. Empower yourself with the knowledge you need to confidently navigate the real estate market as a first home buyer! From deciphering property listings to navigating legal documents and financing options, here's a breakdown of key concepts: · Simplifying real estate language: I break down common terms used in property listings and advertisements, making it easier to understand property features and amenities. · Legal and contractual clarity:...
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How to Choose the Right Conveyancer
The NSW Property Show with Svetlana Thorpe
When you are deciding on who to appoint as your conveyancer, first you need to understand the conveyancer's role in the whole process. Not all conveyancers are created equal. You want someone who pays attention to detail, who can spot potential issues before they become problems. It is also important that you ask the right questions. Enquire about stuff like their experience – have they handled property deal like yours? Check their license, look up online testimonials and ask about affiliations with professional groups. And lastly, don’t forget to ask about the fees. Request a...
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Cybersecurity in Property Transactions
The NSW Property Show with Svetlana Thorpe
From phishing attempts to fraudulent emails, cyber criminals are out there trying to catch you off guard. Understanding the risks is the first step to keeping your property transaction secure. In this week’s podcast episode, I share practical tips that anyone can implement immediately. When you are transferring money for a deposit or for settlement purposes, you need to protect your hard-earned money. Start by verifying bank account details over the phone before initiating any funds transfers. Never blindly trust email addresses—hover your mouse over the address to ensure...
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Understanding a Strata Inspection Report
The NSW Property Show with Svetlana Thorpe
Are you feeling overwhelmed when trying to make sense of a strata inspection report? In this podcast episode, I'll be your guide through the maze of information in a strata inspection report. I want you to feel confident and empowered, so here's a sneak peek of what you'll learn: Understanding the Purpose of the report: Let's start by uncovering the true significance of a strata inspection report and why it is crucial in your property-buying journey. Decoding the Report: Even if the report seems as thick as a novel, I'll help you dive into its depths and find the key elements that truly...
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What To Do When Settlement Is Cancelled
The NSW Property Show with Svetlana Thorpe
In this week's episode of The NSW Property Show, I'll be sharing some tips on what to do when your settlement is cancelled. Nobody likes to hear those dreaded words, “I'm sorry, but your settlement was cancelled.” However, the reality is that settlements do get cancelled from time to time. So it's good to know what your options are. First and foremost, it's important to be flexible with your arrangements. Don't schedule your removalist for the same day as settlement. Consider arranging short-term storage or accommodation to allow for the gap between settlement and moving in and out....
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Breaking Down Top Contract Requests Changes
The NSW Property Show with Svetlana Thorpe
Have you ever wondered what changes can be made to a property contract? In today’s episode, I am talking about the 5 most requested changes to property contracts in NSW and what you need to know before agreeing to them. From a 5% deposit request, release of deposit, land tax adjustment to changing the settlement date, you'll get all the details and tips to make an informed decision. Tune in now and let me know your thoughts in the comments! And if you love what you hear, please show me some love by leaving a review.
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Most Common Contract Prep Questions
The NSW Property Show with Svetlana Thorpe
If you are about to sell your property and feeling unsure about the contract preparation process, my latest podcast episode is a must-listen! In this episode, I answer some of the most common questions I get asked when preparing contracts. From the average length of the settlement process to the difference between exchange and settlement and whether or not you can keep the sale price confidential. Tune in now to get all your contract pre questions answered.
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Difference Between Occupation Certificate and Building Certificate
The NSW Property Show with Svetlana Thorpe
My newest podcast episode is all about the difference between an Occupation Certificate and a Building Certificate. I received an enquiry from a client who didn't know the difference and I realized that many others might be in the same boat. If you've ever been confused about these two certificates, this episode is for you! Don't forget to subscribe to my podcast for more informative episodes like this one!
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Difference Between Company Title vs Strata Title Unit
The NSW Property Show with Svetlana Thorpe
Choosing between company title and strata title ownership can be confusing. Tune in to my latest podcast episode where I discuss the differences between company title and strata title ownership. I outline the pros and cons of each and provide valuable advice on the legal and financial implications you need to consider before making a decision. In addition, I share my experience working with both types of ownership structures and provide insights into the unique challenges and benefits of each. Whether you're a first-time buyer or an experienced investor, this episode is a must-listen for...
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How Does a Property Manager Get the Best Return On Your Investment?
The NSW Property Show with Svetlana Thorpe
Owning rental property can be a fantastic way to generate passive income but it's not without its challenges. That's why I'm excited to share my latest podcast episode, where I sit down with Simone Luxford from Essential Property Wealth to discuss all things property management. We covered a wide range of topics, including finding the right property manager, attracting, screening and retaining great tenants, protecting your investment with insurance and how to avoid common rental pitfalls. If you're looking to get more out of your rental property, learn how to maximize your investment...
info_outlineThis week's episode is very close to my heart. Not only because I'm a conveyancer and reviewing contracts is what I do every day but mostly because I have seen so many times how things can quickly go wrong when people cut corners.
Buying a property is a very serious transaction and it shouldn't be taken lightly. Not understanding contract terms, it's implications is something that can be easily avoided if you engage a conveyancer to have the contract reviewed. You need to be aware of what the terms are, so that you are not surprised at settlement or even after settlement has taken place, because some contract terms can have impact on you even after you purchased the property.
In this episode I give real life examples of issues that I have come across in the contracts. Some of them are serious deal breakers and if you buy such a property, consequences could be dire. I've been asked many times to "cast my eyes" over the contract. Just like a doctor can't give a diagnosis in 5 minutes, a contract needs to be reviewed thoroughly otherwise things can be missed or overlooked.
This episode is not designed to scare you but to make you realise that a conveyancer is on your side and should be someone that you reach out too as soon as you want to buy a property. At the end of the day, you are buying a property that will be either your dream home or your source of income, if you are an investor and therefore you want to make sure that you had the contract reviewed and are satisfied that all is in order.