If you are in Tasmania, particularly Hobart, you need to know the specific laws that cover the buying and selling of properties. One law is the ‘Conveyancing and Law of Property Act 1884’ which applies to such circumstances. One of the requirements based on the above-mentioned law is that the selling or the intent to sell should always be in writing. Another provision explains the land sold that is held by lease:
“Where land sold is held by lease (not including under-lease), the purchaser shall assume unless the contrary appears, that the lease was duly granted; and on production of the receipt for the last payment due for rent under the lease before the date of actual completion of the purchase, he shall assume, unless the contrary appears, that all the covenants and provisions of the lease have been duly performed and observed up to the date of actual completion of the purchase.” – Section 3.3”
A further provision that is important to be aware of, talks about the inclusion of conveyancing. In Tasmania, conveyancing is a must and part of the process of buying/selling a property. Section 6 states what is included in a conveyance of land.
Knowing what different rules and provisions are relevant to your own state, when it comes to purchasing or selling a property in Hobart is an important part of the process and one we’re here to assist you with.
By not paying an agent a hefty commission you give yourself more room to move on the sale price, giving yourself an advantage against similar properties in the market. You can also know for you sure that enquiries are being responded to as quickly as possible and are properly followed up. If you’re not sure of how to price your property, we can provide you with a detailed breakdown of sale statistics for Hobart (or a specific suburb of Tasmania), as well as an estimated value of your property itself.