opinion

Make sure you know what you are signing up to

By Darren Standish

Standish tnWhen making an offer to buy land you will need to consider the total amount you are offering to pay for the land and whether you will be making any deposit toward the land.

Blogger: Darren Standish, Property Prosperity

You will also have to nominate a settlement date and state how you will pay for the land. Where applicable you may also require the insertion of any special conditions associated with the sale.

There is no limit to the conditions that may be placed on a contract however the vendor is not obligated to accept these conditions. Examples of general conditions include which party is required to pay any rates, taxes or fees levied, what happens if either party does not go through with the contract and what happens if settlement is delayed.

You can protect your interests by crossing out any terms that do not suit you or adding any suitable terms and then ensuring that all parties initial any changes to confirm that an agreement has been reached.

It is recommended that legal advice should be sought when dealing with legal contracts this may be from a solicitor or conveyancer.


About Darren Standish
Standish

Darren Standish established Property Prosperity in 2004 initially as a property development company, however after repeated requests for assistance the business evolved into a development consulting business.

Property Prosperity was initially focused on assisting clients with subdivisions and negotiating with councils to ensure that clients maximized their return on investment. Over the years additional services were gradually added to ensure the development process was as seamless as possible for its clients. We expanded into offering individually tailored finance solutions and then added Property Development Analysis, Property Sales and a Builder Broker Services.

Darren is the overachiever of the team and has more qualifications than your average university graduate. As well as completing a Bachelor in Economics, Bachelor in Commerce and post graduate in Accounting he subsequently went on to complete a Diploma in Financial Service, Diploma in Real Estate and Certificate IV in Building. He is a qualified Certified Practicing Accountant (CPA), a licensed Real Estate Agent, licensed Mortgage Broker and holds a Builders License.

Make sure you know what you are signing up to
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