Are you thinking about buying a new home? Before you sign the contract, it is important to properly review your contract to ensure you are fully protected:
- Check the Fine Print Ensure that all details are accurate, including the property description, purchase price, and settlement date. Pay close attention to any terms and conditions that might affect you. If you require finance, it is important that a finance condition is included in the contract. If you wish to obtain a building and pest report, it is vital to ensure that it is included.
- Understand Your Obligations Familiarise yourself with any obligations you will need to meet before, during, and after the purchase. This includes deposit requirements, maintenance responsibilities, and any additional fees.
- Inspect Special Conditions Look out for any special conditions that might be attached to the contract. These could include clauses about repairs, inclusions, or specific deadlines.
- Verify Legal Descriptions Make sure the legal descriptions of the property, such as the lot number and boundaries, match what you are expecting. This can prevent future disputes or surprises.
- Seek Professional Advice Consulting with a qualified property lawyer can save you time and trouble, particularly if you need to terminate the contract or a party is seeking to terminate the contract.
Buying a home is a big step, and having the right support makes all the difference. We have experienced Property Lawyers who can advise you on all aspects of conveyancing. Give us a call today on (07) 3186 8669 if you have any questions or need assistance with your property purchase!
Aleksandra Moore
Associate Director
