Skip to content

Avoiding Common Pitfalls in Property Conveyancing: Tips for Buyers!

Congratulations! You’ve found your dream home on the beautiful Sunshine Coast. Now comes the legal side of things – conveyancing. While it may seem daunting, understanding the process and potential pitfalls can ensure a smooth settlement. Geldard Sherrington Lawyers, a trusted legal firm on the Sunshine Coast, offers these tips to avoid common conveyancing issues:

Choosing the Right Conveyancer

      Selecting an experienced and local conveyancer is crucial. They’ll understand Sunshine Coast property law nuances and navigate council requirements seamlessly. Geldard Sherrington Lawyers have a proven track record of expertise in Sunshine Coast conveyancing.

      Review the Contract Carefully

            Don’t rush this! The contract outlines the sale conditions, including the price, settlement date, and inclusions. Ask your conveyancer to explain anything unclear. Be sure you’re comfortable with all terms before signing.

            Understand Deposit Requirements

            The standard deposit in Queensland is 10% of the purchase price. However, the contract may specify a different amount. Ensure you have the funds readily available to meet the deposit deadline.

            Organise Property Inspections

            Before settlement, schedule inspections for building, pest control, and (if applicable) swimming pool safety. These reports identify any potential issues that may impact the property’s value or require repairs. Factor these findings into your purchase decision.

            Title Search and Disclosure

            Your conveyancer will conduct a title search to uncover any restrictions or liabilities attached to the property. This could include easements, covenants, or outstanding rates. Being aware of these beforehand allows you to make informed choices.

            Mortgage Approval

            If you require financing, ensure your loan is formally approved before signing the contract. This eliminates the risk of the sale falling through due to denied financing.

            Insurance Considerations

            Buyer’s cover is crucial. Talk to your conveyancer about arranging appropriate insurances to protect your investment from potential unforeseen circumstances during the settlement period.

            Communication is Key

            Maintain open communication with your conveyancer throughout the process. Promptly provide any requested documentation and ask questions if anything is unclear. A proactive approach avoids delays and ensures a smooth settlement.

            Settlement Day

            Settlement day is when ownership officially transfers. Your conveyancer will handle the legal aspects, ensuring all funds and paperwork are exchanged correctly. Be prepared to sign final documents and pay any outstanding balances.

            Celebrate!

              With a successful settlement, you’re now the proud owner of Sunshine Coast property! Geldard Sherrington Lawyers are here to help you navigate the legalities and achieve a stress-free conveyancing experience. Contact us today for a consultation – let’s help you turn your Sunshine Coast property dream into reality.

              Email or call us on 07 4194 5422 to book a consultation. View our entire service range online.

              Scroll To Top