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May 2017

How Would You Define The Process Of Residential Settlement?

residential property settlements

The real estate settlement process is the mechanism of title (ownership) exchange in lieu of money. This may sound simple but it is not. In Western Australia, a written offer for the purchase of property is made to the seller. This offer is placed by the buyer. After the seller accepts the letter, a contract of Offer and Acceptance for the Purchase and Sale of Land is framed. In a majority of the cases, the contract of sale is signed off by the buyer and the seller before the property is settled. There are 2 sections of standard residential sales…

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