Conveyancing property, wills and Estates.
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The news and views in two strands (based on the work that we do):
1. Conveyancing property to
conveyancingproperty.blogspot.com
2. Wills and Estates, Probate work to
wills-probate.blogspot.com
Items that don't quite fit into these categories are on this page.
19 August 2009
There is a fundamental problem of how to verify the identity of a person who claims the right to deal with property.
Customer identification is now a part of every conveyance. As part of this you may need to produce "bank type" information when buying or selling property.
Here is the short guide to what is needed:
lands.nsw.gov.au/../proof_of_identityAnd here is a longer version:
austrac.gov.au/customer_id.htmlLabels: conveyancing, property
10 July 2008
"Market Distortions when Agents are Better Informed: The Value of Information in Real Estate Transactions" NBER Working Paper Series No. 11053; National Bureau of Economic Research, 2005. (with Syverson, Chad)(PDF format):
pricetheory.uchicago.edu/levitt/Papers/LevittSyverson2004.pdfIn the US real estate agents receive only a small share of the incremental profit when a house sells for a higher value. There is an incentive for them to convince their clients to sell their houses too cheaply and too quickly.
Levitt and Syverson find that homes owned by real estate agents sell for about 3.7 percent more than other houses and stay on the market about 9.5 days longer, even after controlling for a wide range of housing characteristics.
How that relates to today's market, or Australia's market is open to speculation
[more..]Labels: conveyancing, selling
10 June 2008
A strata scheme is a building (or collection of buildings) where individuals each own a small portion (called a Lot) and where there is also
common property (such as external walls, windows, roof, driveways, etc.) which every owner shares.
Before purchasing a strata title property you should be aware of the following issues:
- What would I actually own in a strata scheme?
- Owners corporation and executive committee
- What are levies?
- Are there any meetings I would have to attend?
- What are the by-laws/lifestyle restrictions?
- What should I do before signing a contract?
- Buying ‘off the plan’
- The contract
- Insurance
For the answers to these questions, see the Office of Fair Trading.
..home_owners/Buying_property.
AND the Law Society of NSW:
lawsociety.com.au/page.asp?partid=6692For Strata living generally:
..home_owners/Strata_schemes.htmlLabels: buying, conveyancing, strata
07 April 2008
Conveyancing to some is a clerical, time consuming and impersonal process. Keep in mind that it is basically swapping a lot of money for a bit of paper that says you have the property.
An overview of the process should help you manage your part in the process.. [
more..]
Labels: conveyancing
22 August 2006
Caveat emptor is the common problem – buyer beware. But when it comes to property, there is also caveat vendor - seller beware.
It is worthwhile being informed and knowing that things can happen when you open your house for inspection. There are precautions you can take [
more..]
Labels: conveyancing, selling
02 May 2006
Changes to Conveyancing Procedure
We will be advising clients who are selling about the additional disclosure requirements and obligations in relation to smoke alarms.
To work out where you need to place them and how many you need see your electrician. This information is also available at
planning.nsw.gov.au/.../smoke_alarms_advisory_note.pdfLabels: conveyancing, selling
09 January 2006
Transfer of property has lots of old fashioned paper-based safeguards. As the various authorities explore conveyancing electronically, which of these will convert and which will be lost? Are there other benefits?
[more..]Labels: conveyancing
