Buying Process

HOW TO FIND THE RIGHT HOME

Your search could take some time to find the right home but being prepared will make the search easier for you…..

COMMON QUESTIONS

WHAT HAPPENS IN QUEENSLAND THAT IS DIFFERENT

Currently in Queensland if a Real Estate Agent is employed to act on behalf of the Seller the Real Estate Agent completes the Appointment to Act Form 6 so that they can act on behalf of the Seller, arrange marketing and advertising of a home to present to market. A home in Queensland can be listed on the internet within minutes of paperwork being completed.

An Agent also presents the buyers offers to the seller, negotiates on their behalf and completes the Contract for Sale. Once this process is completed the entire Contract is then handed over to a Solicitor, Conveyancing Company or a self acting individual. They in turn complete their brief and perform settlement on behalf of their representatives.

There is no obligation for the Seller to have a Building and Pest Inspection completed on their home before it is presented to the market.

BE PREPARED

Having your finances in order will give you a clear picture as to your buying capacity

Make allowances for other costs and deposit

Ask how long the Finance Company will need to arrange your finance

View homes that are within your price range

Drive by and make sure that you like the location

Make sure that the home has what you want and meets your needs

Call and/or view the appropriate Council requirements and reports

Have a Solicitor or Conveyancing Company act on your behalf

INSPECTION

Call the agent and make a time to view or attend the Open House times

Take your time and see everything

If you want a see the property again, call the agent

HOW DO I MAKE AN OFFER

Contact the Agent to make a formal offer and they will ask for personal details of the person/s who would like to make the offer.

Know how long you will need for your Finance, Building and Pest Inspections, Pool Inspection (if applicable) and any other Special Conditions

The most important thing is how much you will offer to buy the home

A contract can be drawn up but don’t feel pressured into to signing. Seek independent legal advice if you are unsure

The Contract is presented to the Seller for consideration and they will counter offer, accept, or reject the presented Contract.

Once the Contract has been agreed upon and the Contract is dated, all deadlines are to be met

BUYING COSTS

Finance is the most obvious cost associated with buying, but there are other costs when buying a home:-

Solicitors or Conveyancing

Building and Pest Inspections

Pool Inspections (if applicable)

The cost most commonly not taken into consideration is Stamp Duty. The buyer  may incur penalties if stamp duty is not paid within 30 days of the conditions of the contract being satisfied.

WANT TO KNOW MORE?

Please contact our friendly team.