Property is owned in many ways & can impact on your buyer rights. Learn about the types of property ownership including; freehold, leasehold, unit title & cross lease.
Thinking of buying a home? Use our mortgage calculator to work out your costs. Calculations are based on the interest rate(s) being constant for the term of the loan(s).
Going to an open home? Learn how to identify problems and potential issues with a property at an open home before you are too far into the purchase process.
Making an offer on a house is a big decision. Learn about sale and purchase agreements, different buying methods and multi-offers so you can make an informed decision.
Once you find an agent they will get you to sign an agreement, a legally binding contract between you & your real estate agent. Learn more about agent agreements.
Test your knowledge of the sale and purchase agreement.
3-5 minutes
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A sale and purchase agreement is a legally binding contract between the seller and buyer. It sets out all the details, terms and conditions of the sale.
The agent works for and is paid by the seller of the property but has to treat the buyer fairly.
A sale and purchase agreement is a legally binding contract, and we strongly recommend that you ask a lawyer or conveyancer to look it over before you sign it.
You can negotiate with the other person about what goes into the sale and purchase agreement. The agreement is only final and binding when both sides agree to everything in the agreement.
If the agent, or anyone related to them, wants to buy the property, they must get the seller’s written consent and provide an independent valuation.
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