Frequently asked questions
Welcome to our FAQ’s page, where you’ll find answers to the most common questions about buying and selling real estate with us.
The process starts with identifying a property, making an offer, and negotiating the terms. Once both parties agree, a Contract of Sale is drafted, and the transaction progresses through inspections, finance approval, and settlement.
The Contract of Sale is a legally binding document outlining the terms and conditions of the property sale. It includes details such as the purchase price, settlement date, and any special conditions.
A cooling-off period is a specified timeframe during which a buyer can withdraw from the contract without significant penalties. While not mandatory, some contracts may include a short cooling-off period.
Yes, Queensland offers various grants and concessions for first-time homebuyers. These can include the First Homeowner Grant and other regional schemes. It’s essential to check with relevant authorities for the latest information.
While it’s not a legal requirement, engaging a solicitor or conveyancer is highly recommended. They can handle legal aspects, review contracts, and ensure a smooth transaction.
The settlement process involves finalizing the property transfer. Key steps include completing inspections, securing financing, and ensuring that all legal and financial obligations are met before the settlement date.
Sellers often work with real estate agents to assess market conditions, comparable sales, and property features to determine a competitive selling price.
Real estate agents assist with property valuation, marketing strategies, showcasing the property to potential buyers, negotiating offers, and managing the overall sales process.
Sellers should be aware of various costs, including real estate agent commission, marketing expenses, legal fees, and potentially capital gains tax. These costs can impact the overall profitability of the sale.
The settlement period is negotiable and typically ranges from 30 to 90 days. It allows both parties to fulfill their contractual obligations before the property officially changes ownership.
A Form 6 is a disclosure document provided by real estate agents to potential buyers. It contains information about the agent and their services and must be given to buyers before entering into a contract.