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Top 10 buyers' questions

Top 10 buyers' questions (Buying)

by administrator @, Wednesday, June 24, 2009, 15:33

1 - Do I have to pay GST on my home purchase?
THE purchase of an already established home does not attract GST.

However, this is not as simple as it appears, so be careful – services by professionals do attract GST. Check with your professional adviser about GST before you sign the contract.

2 - Do I have to go to the settlement myself?
No. You can have a representative at settlement. This can be anyone who represents you. As long as you send the cheques made out to the right amount it will be fine. You should give the representative written authority to act on your behalf. If the seller sends a representative, they should also have a written authority to accept the purchase money from you or your representative.

Click on the following link to read more…

http://www.news.com.au/business/money/story/0,28323,22586993-5013966,00.html

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buying property questions


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