Exchange Versus Settlement Karen Explains the Terminology

Buying and selling can be very confusing, what do I do first, who do I speak to about the various steps? When does it become a legally binding contract? Karen and Katherine discuss some of the steps involved in the process of selling and buying. Whats the difference between buying at Auction versus buying through Private Treaty? Karen gives a brief description of the steps involved in purchasing, exchange and settlement. Registering people at Open Homes do I have to give my name at the agent?