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.
You only have to go for a quick drive down a suburban street to see how popular the renovation game has become, with home owners making big changes to their property, spurred on by the latest raft of renovating TV shows gracing our TV screens. In Brisbane it’s grand old Queenslanders that are receiving all the attention, while weatherboard beach shacks are in vogue on the Gold Coast.
So you’ve just purchased a property on the Gold Coast. First of all, congratulations! Now you’re probably ringing around different law firms for a conveyancing solicitor to act on your behalf and assist you with the purchase process. When you’re obtaining quotes you’ll normally be quoted a professional fee, as well as a search fee. This search fee is the cost of the searches your solicitor must undertake on the property, and in most cases the cost of these is simply what it costs your solicitor to order these.
When purchasing a property in Queensland your conveyancing solicitor will undertake a number of searches on the property in preparation for settlement. These searches are designed to provide you with more information about the property in order to ensure that the property is free from defects and not subject to any encumbrances or restrictions. It’s important that when so much money is on the line you know exactly what you are buying.
When you a buying property in Queensland, as part of the conveyancing process your solicitor will undertake a number of searches on the property. Making the decision to buy a property is not to be taken lightly, especially given the large amount of money involved, so it’s important these searches are undertaken to ensure the property is free from defects and as described in the contract of sale.
When you purchase a property in Queensland your solicitor is required to carry out a number of searches on the property as part of the conveyancing process in order to prepare for settlement and to ensure that the property you are purchasing is free of encumbrances and defects and is as described on the contract of sale.
We’ve written before about the different searches a solicitor will undertake as part of the conveyancing process when you purchase a property. One of these searches that must be undertaken as part of the process is a land tax clearance search. If you are taking out a mortgage to finance your purchase your mortgagee will require this prior to settlement, but in most cases your solicitor will undertake this search even if you are not taking out a mortgage in order to avoid you taking on a land tax liability.
