First Home Buyers Blog:
Key Clauses in the ADLS/REINZ Agreement for Sale & Purchase of Real Estate
Schnauer & Co have previously addressed this in article “Breaking down the sale and purchase agreement” back in 2018. However, there have been many changes to the agreement since then. We are currently up to the eleventh edition 2022 (3) of the ADLS/REINZ Agreement for Sale and Purchase.
Making an Offer
Making an offer on a house is both an exciting and nerve-racking time! What's the right amount to offer? Is it too much or too little? What conditions should you include? Finding the right balance between a competitive offer and one that fits your budget is crucial, and should be carefully considered. After all, buying your first home will likely be the biggest, and most expensive, purchase you’ll ever make.
Breaking Down The Sale & Purchase Agreement
The Sale And Purchase Agreement can be a daunting document for first home buyers. As a legal document it is important that you make sure that you are fully informed about your legal obligations. It is also the opportunity to ensure that you include all the conditions needed to be able to check out the property to satisfy yourself and the bank that it is a solid purchase.