You’ve been looking at real estate for so long and you’ve finally found the strata property that you want to buy … but it’s an auction. First of all, when buying your strata property at auction, your contract is unconditional. This means that you can’t ask for standard conditions such as a strata report, pest …
When selling your strata property at auction, you want to maximise your return and get the best price possible. Most people these days want ‘something for nothing’. A good selling strategy is to give a proposed buyer something they didn’t know they wanted until you gave it to them … for NOTHING! We know we …
Your Conveyancer or Solicitor So your conveyancer or solicitor has contacted you, they’ve got your contract, and it’s time to sign. They will go through the contract with you either in person or via email. They’ll make sure the contract is in the correct terms and advise you accordingly. It’s now time to sign and …
Your Banker or Mortgage Broker This is the tricky part of the process, getting money to buy your dream home . There are a few ways to source money: – if you’re lucky enough you might have 100% of funds sitting in your bank account waiting for settlement day; or – you can contact a …
The Real Estate Agent So you’ve been looking at buying a strata property for a while and you’ve found your dream home! In NSW, your first point of contact will be the real estate agent selling the property. How does the agent fit into the process of you buying a property? The agent acts for …
There’s so much to think about and do if you’re moving house, whether your’re buying or selling. We’d recommend that you start planning at least a month in advance before the big day. Declutter First of all, let’s channel our inner Marie Kondo – “Keep only those things that speak to the heart, and discard …
What is Insurance? Insurance is something people buy to protect themselves from losing money. Strata Insurance Under the NSW Act, owners corporations are required by legislation to take out strata insurance cover for the building, common property and common contents managed by them. Strata insurance covers the following:– Reinstatement and replacement for buildings on common …
New Regulations have been passed in response to the tragic fire at Grenfell Tower in London in 2017. Under the Regulations, owners of certain buildings with external combustible cladding are required to register their building with the NSW Government through an on-line portal. For buildings occupied prior to 22 October 2018, the deadline for registration is …
Aggregate Unit Entitlement The total of all the individual lot unit entitlements in a strata scheme. Administrative Fund This is controlled by the Owners Corporation and is used to cover all the day to day expenses of the strata scheme such as insurance premiums, routine repairs and maintenance of the common property, strata management fees …
The Strata Schemes Management Regulation 2016 allows for strata schemes to make their own by-laws in relation to the keeping of animals or they can adopt one of these model by-laws: Option A (1) An owner or occupier of a lot may keep an animal on the lot, if the owner or occupier gives the …
Search My Strata can assist you with buying, selling and owning your strata property. We are locally owned and operated and have over 30 years experience in the legal and conveyancing industries.
Search My Strata can assist you with buying, selling and owning your strata property. We are locally owned and operated and have over 30 years experience in the legal and conveyancing industries.