Hunter Valley Property Sales
February 9th, 2010 . by adminOver sea investors wanting to invest in the real estate market in Australia must first obtain permission from the Australian Foreign Investment Board (FIRB), which is a simple, yet timely process.Once you have found the property you wish to buy then an offer is tendered. This offer is then accepted or rejected. A counter offer will be submitted by the owner of the property if he does not agree with your offer.Once agreement has been made, a ten percent holding fee is required while the Contract of Sale is drawn up. During this time the buyer can withdraw from the sale and receive almost all of their deposit back (minus administration fee’s).Both the seller and buyer must ensure that all paperwork is in order and that the property is fit for sale during this time. Finance should also be put into place if necessary.Upon completion final sale papers are signed and the deposit of the monies handed to the seller by cheque.
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Stay away. Upfront fees is a fantastic way to get your money without them actually having to do anything. Administration fees and other charges should be taken out of your 'pay' once you have started to recieve work and NOT as an upfront deposit. They have to do something for your money, so I'd be sticking well clear.