Current Market Insights

Harris Partners Real Estate

The Current Market Insights Podcast is brought to you by Harris Partners Real Estate. Understanding the property market can be a challenging thing, with highs and lows, twists and turns. The media and agents tend to spread the news they want you to hear, with the advice they want you to follow. Current Market Insights is an unbiased look into what is happening, what tips you can use to buy, sell, or rent, and that you wont find anywhere else.

  1. MAR 4

    Episode 109: From Offers To Exchange: Protecting Yourself In NSW Property Deals

    In this episode of Current Market Insights, Ciaran O’Brien and Peter O’Malley unpack the part of buying in NSW that most people think they understand, until it gets real. Offers are easy. Exchange is the moment it becomes binding. And the pathway you choose changes everything.   They break it into the non binding world of verbal, letter, text, and email offers, versus the binding options where a contract is actually signed. Cooling off gets explained in plain English, including why it is designed to balance risk and why pulling out costs you 0.25% of the purchase price. Then they get into 66W and what it really means to waive your right to cool off and go unconditional. From there, they talk about why agents push to move you from offer to contract, how gazumping happens right up until exchange, and why the modern, frictionless digital signing process can make people feel safe when they are anything but safe. To bring it to life, they walk through the Wallara case discussed in the media. A $10.6 million sale, a deposit that was not actually there, a bounced cheque, a $100,000 transfer, and a vendor who says she only found out the full story weeks later. They also cover what happens when a buyer fails to complete, including penalty interest, the 14 day notice to complete, and why people misunderstand open ended damages. Send a text As always if there is a specific topic you would like for us to cover, please reach out and let us know!

    33 min

About

The Current Market Insights Podcast is brought to you by Harris Partners Real Estate. Understanding the property market can be a challenging thing, with highs and lows, twists and turns. The media and agents tend to spread the news they want you to hear, with the advice they want you to follow. Current Market Insights is an unbiased look into what is happening, what tips you can use to buy, sell, or rent, and that you wont find anywhere else.

You Might Also Like