5 QUESTIONS TO ASK BEFORE BUYING A HOUSE

Before you take the leap and make what may become one the biggest purchases of your life there are a few pertinent questions to consider when buying a house.

Here are 5 important points you need to know before you sign a new house and land contract in Queensland:

5 QUESTIONS TO ASK BEFORE BUYING A HOUSE

  1. Do I have sufficient funds to complete the purchase and do I need to make the contract subject to finance approval?

  2. What are the legal costs for conveying the property into my name?

  3. What transfer duty and Titles Office registration fees will I have to pay?

  4. How old is the house and other improvements on the property; have they been approved and inspected by the local Council?

  5. Do I need to add any special conditions to the contract? for example: settlement subject to confirmation of Council approval and final inspections, sale of my property etc.

5 STEPS AFTER SIGNING A CONTRACT FOR BUYING A HOUSE

Once you’ve committed to the purchase and signed the contract here are 5 steps you need to take immediately

        1. pay any deposit when due

        2. send a copy of the signed contract to your financier to start the formal application for finance approval

        3. engage the services of a building inspector if the contract is subject to a building and pest inspection

        4. arrange for building insurance cover to start straight away if the property is a house

        5. engage the services of a solicitor to do the conveyancing for you

For professional service from Brisbane’s most experienced conveyancing solicitor John Horrocks contact Horrocks Solicitors today for a fixed fee quote or a free contact review. Phone 07 3013 2300 or email admin@rivercityconveyancing.com.au.

5 questions to ask when buying a house