Who Decides the Settlement Date?

Who Decides the Settlement Date
When purchasing a property in Melbourne or elsewhere in Australia, one of the key milestones in the process is the settlement date. This crucial date marks the official transfer of ownership from the seller to the buyer. But who actually decides when settlement will occur? Let's dive into the det... Read More

What Happens on Settlement Day for a Buyer

What Happens on Settlement Day for a Buyer
Congratulations! After months of searching, you've finally found your dream home in Melbourne and had your offer accepted. While signing the contract is an exciting milestone, there's still one major step before you can call the property yours settlement day. As a home buyer, it's important to un... Read More

Delayed Property Settlement: Common Causes and How to Avoid Them

Delayed Property Settlement
Property settlement is a crucial phase in the real estate transaction process. It marks the official transfer of ownership from the seller to the buyer. However, delays in property settlements can occur due to various reasons, creating stress and complications for both parties involved. In this c... Read More

What is a Settlement Statement?

What is a settlement statement?
A settlement statement, also known as a closing statement or settlement sheet, is a crucial document that provides a detailed breakdown of all the financial aspects involved in a property transaction. It outlines the various costs, fees, and adjustments that need to be made between the buyer and ... Read More

How Long is a Section 32 Valid For?

How Long is a Section 32 Valid For?
If you're buying or selling property in Victoria, you've likely come across the term "Section 32" or "Vendor's Statement". This crucial document plays a vital role in property transactions, but many people are unsure about its validity period. In this comprehensive guide, we'll explore how long a... Read More