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.
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.
The conveyancing process in Queensland varies significantly depending on whether you are buying or selling a property. The sale process is much simpler than the purchase process, which is why your conveyancing solicitor charges much less, however there are still important steps to follow and complete as part of the sale process.
If you are looking to purchase a property on the Gold Coast, or in Brisbane, the first thing you will do after finding a property you’d like to purchase is to make an offer to the seller. In Queensland this is done by way of signing a contract of sale containing your offer and providing this to the seller for their consideration. The real estate agent will in most cases act as the intermediary in this process, delivering your offer to the seller.
As part of the conveyancing process your solicitor will calculate a settlement amount, which is the amount the buyer must pay for the property at settlement, taking into account adjustments for things such as, rates, water charges and body corporate fees. Your solicitor will provide you with a settlement statement prior to settlement that details how the settlement amount has been calculated.
As a specialist property law and conveyancing law firm we deal with a lot of buyers, some who are experienced investors, whilst many are new to the property market and very unsure about the process. Our job is to make the buying process as easy as possible for you, so we thought we’d put together a few tips on making an offer on a property.
Climbing out of a substantial debt can seem impossible at times, particularly with the cost of maintaining your everyday life. Many fear being trapped forever in an endless cycle of minimum payments and compounding interest, but restoring your good financial standing is certainly an achievable goal.
