Quote:
Originally Posted by mandy1970
We are hoping to move to Perth in Oct/Nov 08 so we have started to look at real estate sites. The question we have is 'why are most of them empty'? It looks like about 80% of them are either empty or only have a few pieces of furniture in them to show them - no personal items around.
Also, if a house is sitting empty would a sale go through quicker. I have read on this site that somebody bought and moved in in under 2 weeks, thats quick!
Any ideas.
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If both parties are willing it's possible for the purchaser to move into a vacant property within a few days....................... the official REIWA form 09/04 765 entitled 'Possession Prior to Settlement' forms part of the contract as an annexure.
Obviously in such circumstances certain conditions will apply such as :
* the purchaser has to take out relative insurance for the building;
* clause 5 of the Joint Form Of General Conditions For the Sale Of Land is no longer applicable;
* an agreed rent has to be declared
* there is an undertaking that no renovations or structural alterations take place prior to settlement
In theory; if all the i's are dotted and all the tees crossed............. once the contract with appropriate annexures is signed................... it's possible to move in to vacant premises the next day.