Looking to Buy More than 1 Property – Beware of Transfer Duty Costs
Have you ever thought about buying two or more properties in one complex?
With ownership of property being one of the most prominent investment methods, it can be appealing to buy multiple properties to invest in. Maybe you have thought about buying two or more properties in the same unit complex. Be careful about buying multiple...
SUNSET CLAUSE BUYERS SHOULD BE WEARY – ARE YOU BUYING OFF THE PLAN IN QUEENSLAND?
Off the plan contracts have a potentially fatal flaw with the use of a sunset clause. While a sunset clause provides the benefit of setting a deadline for when the property must be built by, it can and has been exploited by developers to terminate contracts and proceed with a higher offer price. With the overly competitive property...
An Expensive Mistake to Avoid – Electrical Safety Switches and Smoke Alarms Disclosure on Property Contracts
In Queensland, the standard contract of sale in Queensland contains a smoke alarm section that the Seller is required to complete prior to the buyer signing the contract, stating whether the property is fitted with smoke alarms.
Contract conditions – Electrical safety switches and smoke alarm requirements
One of the last...
Instalment Contracts in queensland – A comprehensive Guide and reasons why they are Risky to sellers and buyers
Instalment Contracts – A Guide to Identifying them and why they are Risky
An instalment contract looks identical to a usual contract.
However, it provides more protection to buyers and greatly restricts the rights of sellers. It is important for a buyer and seller to recognise the warning signs of an instalment contract, and the potential dangers of entering into...
4 New Changes to Standard Residential Contract Conditions in Queensland – What Buyers and Sellers Need to Know
The Real Estate Institute of Queensland (REIQ) have amended their contract conditions which impact essential obligations on buyers and sellers such as
the settlement date, smoke alarms and paying a deposit electronically.
If you are a buyer or seller looking to enter into a contract for a house or unit in Queensland after 20 January 2022, you should be aware of the...
What is an easement on Property?
What is an Easement?
An Easement is a right which gives others the eligibility to cross over or use part of your land for a specific purpose.
If a registered easement exists on the property you are purchasing then you will find it listed on the Title of the property as an encumbrance.
Common Types of Easements
There are many different types of easements including the...
3 Stages of a Property Purchase
Most people know that transferring of property ownership from one person to another is not a simple task but only a few appreciate how complicated the process of transferring the ownership title from the seller to the purchaser is.
Conveyancing is the legal process of transferring the property from the seller to the purchaser. This process will be done either by a legally licensed...