{"id":10248,"date":"2017-01-02T09:55:38","date_gmt":"2017-01-01T22:55:38","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=10248"},"modified":"2017-01-02T09:55:38","modified_gmt":"2017-01-01T22:55:38","slug":"video-get-everything-in-writing","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/video-get-everything-in-writing\/","title":{"rendered":"VIDEO – Get everything in writing"},"content":{"rendered":"

[flex_video widescreen=”true” vimeo=”true”] [\/flex_video]
\nTranscript<\/strong>
\nWhen it comes to buying a property, you should never rely on verbal agreements.
\nAll property transactions must be recorded on a legal contract and include any special conditions or inclusions. This includes listing your property as a seller.\u00a0 Having a listing agreement in place will allow you to have your expectations confirmed.
\nWhen buying, resist the temptation to ask an agent to place a verbal offer. You might be doing it for the right reason and that is that you\u2019re trying to save yourself some time, but the reality is that any agent who negotiates this way is not a skilled negotiator.\u00a0\u00a0 A verbal offer means nothing.\u00a0\u00a0 Even if the seller comes back through their agent and indicates an acceptance, nothing is legally agreed upon until it is in writing and confirmed by signatures.
\nLook at it from the seller\u2019s point of view for a moment. There\u2019s nothing more exciting to a seller than seeing a contract with an attached deposit cheque.\u00a0 Even if the proposed purchase price isn\u2019t quite what they were hoping for it is certainly a step closer to selling their property. It shows them that you are serious, but you\u2019ve taken the time to prepare the contract, signed it and write out a deposit cheque. It may just be the first step but if it\u2019s going to help you secure the property and give you the opportunity to negotiate the purchase price, then why wouldn\u2019t you do it.
\nAnother trap when it comes to verbal offers is if the seller or the sellers agent, says they’ll throw in the light fittings or a dishwasher in the sale and it\u2019s not in writing. \u00a0\u00a0Once again it means nothing and certainly wouldn\u2019t stand up after the settlement if you couldn\u2019t prove in writing that was agreed to.\u00a0\u00a0 Make sure everything is included on the contract; otherwise you may move in to find both the light fittings and the dishwasher gone.
\nWhile we are talking about contracts, even in the heat of a negotiation while it\u2019s important to maintain momentum it is also equally important to seek good legal advice before you sign a contract or start negotiation. Even though the contract signing is standard, it always pays dividends to have a solicitor looking over your shoulder.
\nThe bottom line \u2013\u00a0 don\u2019t do verbal agreements, put everything in writing, don\u2019t rush and seek professional opinion.
\nSave<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

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