Buying a residential property in Queensland
Whether you are buying a residential property for the first time or you’ve done it before, there is always a lot to consider before spending your hard-earned money.
Some of the most fundamental financial matters that must be taken into account are the amount required for a down payment; real estate trends in the community where you’re thinking of buying; options for buying, such as buying off the plan, buying at auction, or buying privately; financing options; and the overall cost of the property.
The latter includes payments for or associated with:
- Applicable taxes
- Valuation
- Inspections
- Agent fees
- Legal fees
- Conveyancing costs
- Any applicable search fees, including the Title search
- Bank or mortgage fees
- Insurance
- Moving costs and utility hookups
- Smoke alarms and related safety equipment
- Council rates
- Body corporate fees (where applicable)
- Routine maintenance
Of course, there are also legal concerns. When making an investment of this magnitude, it is essential to consult a qualified Gold Coast Solicitors to ensure you are not being taken advantage of in any way.
As seasoned professionals in this area, we help residential property buyers by:
- Reviewing the sale contract before you sign
- Reviewing disclosure documents
- Providing advice on mortgage contracts
- Conducting title searches and providing detailed explanations about the results
- Addressing relevant tax concerns
- Addressing relevant insurance concerns
- Working with the seller’s solicitor to address any problems related to the transaction
- Handling title transference and completion of the financial transaction on ‘settlement day’
