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
Do I have sufficient funds to complete the purchase and do I need to make the contract subject to finance approval?
What are the legal costs for conveying the property into my name?
What transfer duty and Titles Office registration fees will I have to pay?
How old is the house and other improvements on the property; have they been approved and inspected by the local Council?
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
pay any deposit when due
send a copy of the signed contract to your financier to start the formal application for finance approval
engage the services of a building inspector if the contract is subject to a building and pest inspection
arrange for building insurance cover to start straight away if the property is a house
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.
