So you have found the perfect property and you are presented with the contract to purchase it. What should you do next? The best next step would be to speak with your solicitor so you can go through the contract together. This appointment can be made in person or online …
When you buy or sell property, in an ideal situation, everything goes to plan, and settlement happens on the agreed date. Unfortunately, the process can sometimes cause obstacles to arise and a delay to occur, despite both parties having already signed off on the Contract and the due diligence checks …
Here is everything you need to know about Property Squatters and what rights do they have? It’s hard to believe that someone can legally live on your property without your express permission. However, under the old doctrine of adverse possession, a person who occupies an uninhabited building or unused land …
The Queensland Government has recently altered the First Home Owners’ Grant (FHOG) in order to stimulate Queensland’s COVID-19 economic recovery and ease first home buyers access to the market. If you meet all the eligibility requirements listed below, you may receive $15,000 to buy or build your new home. This grant’s availability extends to houses, units, townhouses, off the plan …
Conveyancing is the term for the legal processes to transfer the ownership of real property from one person to another. There are usually two stages in a conveyancing transaction: The signing of contracts and Settlement -when ownership passes onto the other person The sale of land is governed by the laws and practices of the jurisdiction in which the land is located. For example, …
Are you sceptical about buying a property when on a visa? When you first engage in a solicitor or conveyancer, the usual process is to conduct an initial first call to understand the purchase transaction from you, as the client. One of the questions you may be asked to answer …
Buying your first home can be the most exciting and daunting process you will go through. There are lots of things you need to think about, such as where is my finance coming from, is the building structurally sound, is there anything I’m concerned about, who will be my solicitor/conveyancer, etc. Below we have …
Whether you are a buyer or a seller, a first-home buyer, an investor, or a seasoned household owner, there are many mistakes that people make in conveyancing. Here are a few of the most common mistakes: using incorrect spelling or informal names on the contract failing to meet contract deadlines …
Buyers and sellers: responsibilities Recently a GST Withholding rule was added to the tax laws. This new rule changes the responsibilities of sellers and buyers. In the past, the seller (company or individual) was responsible for holding onto the GST amount from the sale of new residential property or potential …
Review the contract Commercial property sale: Commercial contracts are usually drafted using the standard Real Estate Institute of Queensland (REIQ) commercial land and buildings contract, but either party can choose to include special conditions within the contract that may alter or replace the standard conditions. It’s important that the contract …