Frequently Asked Questions
How do we accept payment?
Payment is made in full, in advance.
We can either invoice you or process payment over the phone when you are happy to proceed.
When is the best time to sign up for Ripehouse Total?
It is typically best to engage us before you make an offer on a target property.
This means we can have our Ripehouse Total conveyancer provide advice on the sale contract and begin providing value.
What is in it for Ripehouse?
We are about helping Australians generate wealth through property investment. We are excited to pass on the savings as negotiated using our “bulk buying power”.
To cover costs, however we charge a one off $140 administration fee.
How can we offer such a low price?
One of the main reasons that we can offer this amazing discounted package is because we save on overlap.
For example, a building and inspection gets fed into the depreciation scheduling component, the depreciation scheduling feeds into the landlord insurance administration, etc.
Because of this, we cannot break the package up for your purchase.
A second reason why we are able to offer such low prices is because of our “bulk buying power”, across a network of 70 buyers agents.
Can you use Ripehouse Total for properties already in a my portfolio?
Yes, if you already has one or more properties then you can access our discounted rates for property management (if they were to transfer across), landlord insurance (if they were to transfer) and depreciation schedules.
The admin fee is still payable.
Can we break up the package for a current purchase?
We can remove certain components in some circumstances - but this is the exception not the rule.
Once again one of the main reasons why we are able to offer such a low price is because we are the central conduit between the services providers.
Because of this, we are able to minimise the amount of back and forth with inspections, etc.
Sometimes you might be a property manager, or a conveyancer for example and they will not use another provider - this is the type of exception we would consider
What happens if you require more than one building and pest inspection?
Obviously, as buyers we do not end up purchasing every property that we inspect.
Subsequent building and pest inspections are subsidised and charged at $380ex, separately as required, payable in advance.
Are there any further charges outside of the upfront fee?
Ripehouse Total does not include disbursements (title searches, etc) - these are charged separately by the conveyancer, payable directly to Virtual Legal as required.
What happens if you do not go on to actually purchase a property?
The Ripehouse Total cost is refundable minus any costs that have been incurred.
For example, if we have already performed a building and pest inspection only, then the full Ripehouse Total amount is refunded MINUS the cost of the building and pest inspection PLUS our administration fee of $140.
One of the key reasons why we have been able to lock down such amazing prices is because we are the central conduit. This means that we do all the running around post-offer, through to settlement, for your business.
You deal with us, and we deal with the other service providers - things like booking in B&P, the back and forth with legal, pre-settlement inspections etc.
Think of us as an extension of your team, doing all the annoying finalities, and for this we pass on a small admin fee to your clients to cover our expenses here.
Feel free to use this package in your marketing, with prior approval of the campaign and copy.
As these are standard buying costs, the cost of the Total package is passed onto the client (we invoice you or the client directly).
We would suggest the appropriate time to begin the Total package is just prior to the offer stage for the client. That way the conveyancer can inspect the contract etc.
Below is a table breaking down the savings to the client - over $2000!
We have also negotiated property management down to 3.9% in our approved locations with NO letting fee!
