{"id":17124,"date":"2020-03-02T19:51:22","date_gmt":"2020-03-02T19:51:22","guid":{"rendered":"https:\/\/demo29.houzez.co\/?page_id=17124"},"modified":"2025-10-05T22:38:05","modified_gmt":"2025-10-05T11:38:05","slug":"frequently-asked-questions","status":"publish","type":"page","link":"https:\/\/whiteeaglerealty.com.au\/?page_id=17124","title":{"rendered":"Frequently Asked Questions"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
<\/div>\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t
<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t

Frequently Asked Questions<\/h1>\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t
<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t

Question about selling<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t
<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tDo I need a Section 32 (Vendor Statement) to sell my property?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

Yes. In Victoria, sellers must provide a Section 32, which discloses key details about the property (title, zoning, easements, outgoings, etc.) before a buyer signs the contract.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat\u2019s the difference between an auction and a private sale?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

An auction is a public sale where buyers bid, and the highest bidder wins once the reserve is met. A private sale allows negotiation on price and terms directly between buyer and seller.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow much commission do real estate agents charge in Victoria?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

Commission is negotiable, but it typically ranges between 1.6%\u20133.5% of the sale price, plus GST.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tDo I need to disclose known issues with my property?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

Yes. Under Victorian law, sellers must disclose material facts<\/strong> (e.g., flooding history, building defects, past use as a drug lab). Failure to disclose can lead to penalties or contract cancellation.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhen do I receive the money from the sale?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

You receive payment on settlement day<\/strong>, once the buyer has paid the balance of the purchase price and legal transfer is completed.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow long does settlement take?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

Most settlements in Victoria are 30\u201390 days<\/strong>, but this can be negotiated between buyer and seller.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tCan a home depreciate in value?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque aliquet massa mi, sed ornare dui ullamcorper non. Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Duis nec orci ac lorem tempor ultricies. Pellentesque pulvinar nisl pulvinar ex tincidunt, eu gravida lacus auctor. Maecenas finibus eros pharetra, tempus tortor sit amet, faucibus sapien. Donec non nulla posuere, malesuada urna quis, ornare lectus. Nunc gravida, sapien non laoreet consectetur, sem ligula consequat ex, sit amet sodales velit dui a ipsum. Mauris aliquet metus nec dui porttitor, non mattis ex accumsan. Duis gravida diam est, ac molestie erat porta sit amet. Vivamus tortor mauris, aliquet condimentum elit porttitor, consequat malesuada nibh. Duis nec vestibulum nisi, eget dignissim ex<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tDo I need to pay capital gains tax (CGT)?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

If the property was your primary residence, you\u2019re generally exempt. If it was an investment property, CGT may apply on profits. Your accountant can advise based on your situation.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat marketing options are available to sell my property?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

Options include online listings (realestate.com.au, Domain), social media ads, professional photography, signboards, brochures, and open inspections.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tDo I need a conveyancer or solicitor to sell my property?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

Yes. They prepare the Section 32, contract of sale, and handle the legal transfer process.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tCan I sell my property \u201coff-market\u201d?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

Yes. This means selling without public advertising, often directly to a database of buyers. It offers privacy but may limit competition and final price.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t
<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t

Question about buying<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t
<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat is a Section 32 Statement?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

It\u2019s a legal document provided by the seller with details about the property (zoning, rates, restrictions). Buyers must review it before signing the contract.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

\n\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat\u2019s the difference between a conditional and unconditional offer?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

  • Conditional offer<\/strong>: Subject to conditions (e.g., finance approval, building inspection).<\/p><\/li>

  • Unconditional offer<\/strong>: No conditions \u2013 once signed, the buyer must proceed.<\/p><\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

    \n\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tDo I need to pay a deposit?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

    Yes. In Victoria, buyers usually pay 10% of the purchase price<\/strong> as a deposit, unless negotiated otherwise.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

    \n\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow long is the cooling-off period?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

    In Victoria, buyers have a 3-business-day cooling-off period<\/strong> for private sales (not auctions). During this time, they can withdraw with a small penalty.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

    \n\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tDo I pay stamp duty in Victoria?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

    Yes. Stamp duty is a state government tax paid by buyers. The amount depends on the purchase price, property type, and buyer\u2019s circumstances (first-home buyer, investor, etc.).<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

    \n\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat happens on settlement day?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

    The buyer pays the balance of the purchase price, the title is transferred, and they receive the keys. Settlement is usually handled electronically via PEXA<\/strong> in Victoria.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

    \n\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tDo I need a building and pest inspection?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

    Strongly recommended. It identifies structural issues, termite damage, or safety hazards before committing to the purchase.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

    \n\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat is pre-approval for a loan?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

    Pre-approval means the bank has assessed your finances and approved a loan amount in principle. It helps you know your budget before making offers.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

    \n\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tCan I buy at auction with finance?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

    Yes, but auctions are unconditional. You must have finance pre-approved because there\u2019s no cooling-off period<\/strong> if you buy at auction.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

    \n\t\t\t\t\t
    \n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat other costs should I budget for besides the purchase price?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

    Additional costs include:<\/p>

    • Stamp duty<\/p><\/li>

    • Legal\/conveyancing fees<\/p><\/li>

    • Building & pest inspections<\/p><\/li>

    • Loan application & bank fees<\/p><\/li>

    • Moving costs & utility connections<\/p><\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t

      \n\t\t\t\t\t\t\t
      \n\t\t\t
      <\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

      Frequently Asked Questions Question about selling Do I need a Section 32 (Vendor Statement) to sell my property? Yes. In Victoria, sellers must provide a Section 32, which discloses key details about the property (title, zoning, easements, outgoings, etc.) before a buyer signs the contract. What\u2019s the difference between an auction and a private sale? […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template\/template-homepage.php","meta":{"footnotes":""},"class_list":["post-17124","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/whiteeaglerealty.com.au\/index.php?rest_route=\/wp\/v2\/pages\/17124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/whiteeaglerealty.com.au\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/whiteeaglerealty.com.au\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/whiteeaglerealty.com.au\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/whiteeaglerealty.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17124"}],"version-history":[{"count":27,"href":"https:\/\/whiteeaglerealty.com.au\/index.php?rest_route=\/wp\/v2\/pages\/17124\/revisions"}],"predecessor-version":[{"id":30084,"href":"https:\/\/whiteeaglerealty.com.au\/index.php?rest_route=\/wp\/v2\/pages\/17124\/revisions\/30084"}],"wp:attachment":[{"href":"https:\/\/whiteeaglerealty.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}