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Often a vendor, or the agent, will provide you with a report they have obtained. Usually a council Land Information Memorandum (LIM) and/or a building report. “Great” you may say, “now I don’t have to pay for my own reports.” But beware.…
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When you are looking to buy a house there are two separate “deposits” that get discussed. There is the deposit that you pay to the real estate agent (the purchase deposit) and there is the amount you need so the bank will…