Timothy Prosser - Biggin & Scott Northcote

12/11/2018

Buying at auction!

Remember, if you are the highest bidder past the reserve price (on-the-market), you are the instant owner, awaiting settlement of the property.

05/11/2018

Purchasing a property?

Bank valuations:
Don’t be alarmed if your bank or lending institution requests valuation by a registered property valuer. This is normal practice of lending institutions and serves as confirmation of the agreed sale price.

29/10/2018

Purchasing a property?

To make an offer, make sure you have:

• Pre-approval of finance from your bank or lending institution.
• Your own property assessed for value and possible sale time.
• Selected a solicitor or conveyancer.
• Determined how you will pay the 10% deposit.
• An idea of settlement times required before you take session.

22/10/2018

Cooling-off facts and benefits!

A three day cooling-off period is a great way to purchase as it provides full protection against:

• The vendor pulling out of the sale.

• Another purchaser paying more for the property. In some cases, a purchaser will not sign any documents without their solicitor’s approval. If this is the case, our company will issue the purchaser’s solicitor or legal representative a copy of the contract and Section 32, together with the particulars of sale (e.g. purchase price, inclusions/chattels, purchaser’s name/address, settlement date and any special conditions).

A property remains on the market until the contract is ‘exchanged’. If the contract is not exchanged, the vendor can accept other offers and the property can be sold to another purchaser at any time. If this occurs, you and your solicitor or legal representative have no alternative, you have missed out on the property. The sale proceeds to the other purchaser who secures the sale with a three day cooling-off period.

Note: It is a legal requirement that every offer put forward must be presented to the vendor. Cooling-off fee is $100 or 0.2% of the purchase price (whichever is higher) payable to the vendor.

15/10/2018

Purchasing a property? Here's some helpful info...

Exchange of contract.
The exchange of contract can be made according to terms under one of the following options:

Option 1- Contract or cash contract.
This contract has no conditions. You will pay a deposit and settle on a particular day. If you consult your solicitor prior to signing you will waive your cooling-off period.

Option 2- Exchange of contract subject to three day cooling-off period.
Sales agents can only exchange a contract with a cooling-off period. The cooling-off period lasts for three business days starting from the day that the purchaser signs the contract. Saturdays and Sundays, along with public holidays, are not considered business days.

The cooling off period gives the purchaser time for their solicitor or legal representative to check the contract. It also grants the purchaser the right to withdraw the contract of sale for any reason.

If you are wishing to close a deal, it is important that you understand the commitment level required by both the purchaser and vendor.

08/10/2018

Purchasing tip!

The best way to present an offer on any property is to sign a
contract of sale, with Section 32 attached and a 10% deposit.
Once an agreement on price, settlement and conditions is
reached with the vendor, the sale can proceed. An exchange
of contract is the only way to buy or sell a property. The
exchange of contract occurs when the purchaser and vendor
each sign an identical copy of the proposed contract for the
sale of land. Each land has a title.

01/10/2018

Purchasing a property?
Before meeting the vendor:

When making an offer or to secure one of our listed properties, we will ask you to confirm the following details before arranging a meeting with the vendor:

• Actual purchase price you will pay for the property.
• Payment method for the required 10% deposit.
• Settlement period you require.
• Name of your chosen solicitor or conveyancer.
• Name of your bank or financial lending institution.
• Any special conditions or requests you may have.

24/09/2018

We deliver expertise to help you buy.

Purchasing real estate can be a very exciting time, however it can also be a confusing process for prospective buyers. You may
already be aware that various agencies have different sets of rules and standards, so we would like to inform you of the buying
process through our company.

24/09/2018

17/09/2018

Benefits of our effective marketing strategies.

When selling:
• More buyers will be attracted to your property.
• Increased competition at your auction, during private sale negotiations or at tender.
• You’ll achieve the highest possible sale price.

When leasing:
• More tenants will be attracted to your property.
• Increased competition.
• You will quickly secure the best quality tenant.
• You will enjoy low vacancy rates and higher rental yields.

10/09/2018

Integrity, reliability and service.

At Biggin & Scott, integrity, reliability and service have become the hallmarks of our business. Our boutique style local offices provide personal one-on-one service.

Our management style encourages both individual accountability and a team environment where everyone works together to achieve the best possible outcome.

We work with you at every stage, offering practical advice and support.

03/09/2018

We use the right mix!

Our marketing strategy employs a tailored mix of traditional
advertising and new technology to achieve maximum
exposure and high-impact promotion via:

• Local and metropolitan newspaper advertising including
the Sunday Age Auction Results.

• Personalised letters and emails to over 18,000 landlords,
tenants, buyers and investors.

• Award winning photography, copywriting and marketing
collateral that includes pointer boards, colour brochures,
letter drops and window display posters.

• Editorial development that maximises your chance
of gaining valuable newspaper and magazine
coverage at no cost.

• Our network of offices and intranet system ensures
all potential buyers are notified of your property.