CEL Group
  • Home
  • About
  • CEL Accountants
    • Accounting Service Packages
    • Business Advisory
  • CEL Consulting
  • Les Freedman & Co
  • Newsletters
  • Resources and Links
  • Contact

Resources and Links

As a buyer, do you know your rights on moving day?

16/3/2018

3 Comments

 
Picture
Have you ever had the situation of when you arrived at the property on moving day, and you discover things were not up to scratch. Windows were not spotless, and the floor could be cleaner from sweep.

In this situation, you might want to know what recourse or options they had at their disposal to remedy things at the seller’s expense. But please bear in mind, there was nothing could be done.

Under the terms of a standard contract of sale, the seller is required to hand over the property on settlement day in the same condition it was in on the day of sale (barring the usual wear and tear).

In many cases buyers are coming from a rental situation so they are very used to being put under heavy scrutiny by the managing agent on the condition/cleanliness. But there is no such requirement under a sale contract.

A good tip for buyers is to document the state of the property on the day the contract is signed. This can also be further supported during the building and pest inspection by being a little more thorough and taking a closer look at things like: all lights work, the split system air conditioning unit and anything else that is coming with the property. If during this process you are not satisfied with the working order or general cleanliness this is the best time to raise them with the agent. It should be noted cleanliness does not form part of the building and pest discussion but raising it here may alert the sellers to it being a potential issue.

Buyers should exercise their right to inspect the property the day before settlement to ensure the condition of the property is as expected. Also, check that all fixtures and fittings that are included in the contract have been left in the property. If there is an issue at this inspection settlement can be potentially delayed.

Source: REIQ
3 Comments
assignments at affordable prices link
4/4/2018 03:08:19

Own business is too tough and we want to the good profit in works. Unfortunately its tough if we have the not proper time. So education is play important roll in our life in many kind of fields.

Reply
Henry Andrews link
15/7/2021 07:39:22

Awesome blog you hhave here

Reply
Buyers Agent in Sydney link
23/3/2022 10:36:48

Awesome post! Thank you for sharing your blog. I love it.

Reply



Leave a Reply.

      Contact Us

    Submit

    Archives

    August 2020
    November 2019
    August 2019
    October 2018
    June 2018
    May 2018
    April 2018
    March 2018
    January 2018
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017

    Categories

    All
    Accounting
    Business Innovation
    Consulting
    Legal
    Migration
    Realty
    Skilled Visa
    Temporary Work Visa
    Visa 188
    Visa 457
    Working Visa

62 Sanders Street UPPER MOUNT GRAVATT QLD 4122
​

Contact Us

Submit
  • Home
  • About
  • CEL Accountants
    • Accounting Service Packages
    • Business Advisory
  • CEL Consulting
  • Les Freedman & Co
  • Newsletters
  • Resources and Links
  • Contact