Hope Island is one of the Gold Coast’s most exclusive suburbs. Home to an enclave of exclusive housing estates, such as Sanctuary Cove and Hope Island Resort, with several world class golf courses meandering in between.
The property website Domain are currently running a series of articles on selling a property, covering aspects from presentation and market advise, to sales tactics and the conveyancing process itself.
Brisbane came alive this weekend for the annual Teneriffe Festival. The streets were lined with a festival of food, markets and entertainment.
So you’ve spent countless weekends scouring the suburbs of Brisbane, or the Gold Coast for that perfect property and you think you’ve finally found ‘the one’ and are ready to put in an offer and sign a contract of sale. It’s right about now that you need to tap the brakes every so slightly. There’s no point rushing in and signing your name, as the entire conveyancing process will be dictated by this contract, so you want to make sure you’ve got it right before signing.
So you’ve had your property on the market for a while and have now signed a contract of sale and sold your property. First of all congratulations on the sale! While getting that offer may be exciting at first, we’re sure that a bit of stress is beginning to creep into your mind as you start to consider the long list of things you now have to take care.
The skies above the Gold Coast and Brisbane are beginning to fill with cranes as confidence in the Queensland property market increases. With this huge increase in development comes an increase in new apartments flooding onto the market. Most of these apartments are sold before construction finishes in what is termed as an off-the-plan contract.
When purchasing a residential property in Queensland (other than at an auction), the standard contract of sale provides the buyer with a five day cooling-off period, during which time the buyer is free to cancel the contract at any time, for any reason, including a change of mind.
If you have ever bought or sold property before then you are probably familiar with the term fixture. The general rule when it comes to what constitutes a fixture is that, an object, which is fixed to the property, or land by any means other than its own weight, it is considered a fixture, otherwise it is considered to be a chattel.
In Queensland the conveyancing process begins once the Contract of Sale is signed by both parties. The execution of the Contract sets off a series of obligations that each party must meet on certain dates. It is crucial that as a buyer or a seller you meet your obligations by their respective deadlines in order to avoid facing any penalties or the possible termination of the Contract by the other party.
