Author Archives for Peter Mericka

Conveyancing FAQ

September 18, 2013 11:32 am Published by Comments Off on Conveyancing FAQ Welcome to our conveyancing Frequently Asked Questions (FAQ) section. We have attempted to categorise FAQ according to various topics, so that you can access your area of interest quickly. See the list of topics down the left hand side of this page. General FAQ can be found on this page. We welcome feedback from our clients and visitors, so if you can suggest any further topics or questions for this section, please send your suggestion...


Subject To Finance FAQ

September 18, 2013 11:30 am Published by Comments Off on Subject To Finance FAQ When a purchaser is borrowing to purchase real estate it is essential that finance is approved before the matter proceeds. If finance is not approved at the time the contract is signed, a finance condition must be included in the contract.

Off The Plan FAQ

September 18, 2013 11:29 am Published by Comments Off on Off The Plan FAQ Off the plan is the term used to describe the purchase of land that does not yet exist as separate parcels. Imagine a large paddock, criss-crossed with lines indicating separate blocks to be divided and given individual titles.

Deposit Bond FAQ

September 18, 2013 11:28 am Published by Comments Off on Deposit Bond FAQ A deposit bond is an alternative to a cash deposit, but consumers should take care.

PEXA Settlement FAQ

April 27, 2018 11:38 am Published by Comments Off on PEXA Settlement FAQ PEXA stands for “Property Exchange Australia”. It is the system that now manages all conveyancing transactions settling electronically. E-Conveyancing is now the norm in Victoria. PEXA provides a secure platform to streamline the conveyancing process, making the transaction secure on your behalf as our client.

Section 32 Vendor Statement FAQ

September 18, 2013 11:28 am Published by Comments Off on Section 32 Vendor Statement FAQ The Section 32 Vendors Statement, also known as the Vendor's Statement or Vendor Statement must be prepared by or on behalf of the vendor of real estate, and served on any person who wishes to purchase the vendor's property before the sale contract is signed. There are serious consequences for the vendor if this procedure is not followed.

Auctions – Tricks & Strategies

September 18, 2013 11:27 am Published by Comments Off on Auctions – Tricks & Strategies There is something wrong with real estate auctions. Informed consumers hate them, industry commentators condemn them, and governments have failed to legitimise them. This article will help consumers to understand what is wrong with auctions, and what steps they can take to protect themselves in auction situations.

Conveyancing Settlement FAQ

September 18, 2013 11:26 am Published by Comments Off on Conveyancing Settlement FAQ Settlement is the final stage in the conveyancing transaction. The parties' lawyers and lenders usually appoint professional settlement agencies to attend settlement on their behalf, to check and exchange documents and cheques. When everyone at settlement is satisfied with the exchange, the matter is declared 'settled'