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real estate settlement company

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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The Difference Between Joint Tenants & Tenants in Common

joint-tenants-vs-tenants-in-common

Home buying is not an easy affair. There can be implications when more than one buyer is involved and you have to choose between joint tenants and tenants in common. When two or more people own a home, either as a joint tenant or tenants in common, or a combination of both, each of the individuals own particular share of interest in the property. While joint tenants have a lot of similarities to tenants in common, especially with regard to their right of possession to a given property but also how land will be held in the event of the…

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