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Things To Know About Buying Real Estate In Perth

To buy property in Western Australia is totally different to other parts of Australia and in fact throughout the world. Property is purchased in Western Australia with the method known as Offer and Acceptance.
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To buy property in Western Australia is totally different to other parts of Australia and in fact throughout the world.

Property is purchased in Western Australia with the method known as Offer and Acceptance – offer from the buyer, acceptance from the seller.

When the buyer makes their offer it can be for cash or you can add special conditions such as subject to finance, subject to structural building inspection, subject to termite clearance, settlement date, and perhaps other issues that the buyer may wish to add to the contract.

If accepted by the Seller it then becomes a legal binding contract.

There is no cooling off period and no additional contractual requirements may be added to the contract once it has been accepted by all parties (unless agreed to by all parties in writing).

In Western Australia the Selling Agent has a legal responsibility to the owner of the property and is paid by them, therefore they’re duty legally is to sell at the maximum possible amount for the property.

The selling agent does not work for the buyer. This is where a Buyer’s Agent becomes essential to ensure when buying a property you are getting the best information regarding the property such as the location, past history, and best price to offer. All this information is crucial before making such an important financial commitment.

Buying Perth Real Estate acting as a buyers agent for you is not paid by the Selling Agent. We are engaged by you as the buyer in accordance with our engagement agreement and act under your direction at all times.

By engaging a experienced qualified licensed buyers agent, it is our wealth of knowledge that ensures your final selection is to your satisfaction.

We negotiate a final buying price that will more than covers our fee. Buying Perth Real Estate charges an engagement fee of $1,100 and all additional costs are detailed on in our fees section.

Feel free to contact us to discuss our services and choose the package which best suits your needs. We have special packages for purchases over $1 million dollars.

Our principal, Clive Elliott, has 48 years real estate experience as a Licenced Real Estate Salesperson, Real Estate Principal, Real Estate Coach and Buyers Agent and is recognised for his wealth of knowledge and integrity in the Western Australian Real Estate Industry.

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