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Helpful Buying Tips

Real Estate Realities is a free guide to buying, selling and investing in property in Queensland. 

Get Ready - Checklist 

1. Speak with your financier to arrange the best loan to suit your needs. 

2. Prepare a short list of preferred areas that suit your lifestyle. Keep in mind affordability and accommodation requirements. 

3. Research sales in those preferred areas. (Recent Sales) Inspect properties in your preferred area so you have a feel for the price. Attend auctions in the area. 

4. Develop a relationship with a Cartwright Property Group sales agent. Your agent will be able to offer additional advice and also alert you to new listings before they reach the media. 

5. When you find a property that suits your requirements, ask your agent to send a copy of the sale contract to your solicitor. 

6. We recommend that you arrange a building and pest inspection to make you aware of any issues with the property. 

7. We recommend that you seek advice from your conveyancing solicitor before making any offers. They will be able to help you with the legalities of your offer and help you make an informed decision. 

8. If the property you are interested in is going to auction, get some advice on how this process works. 

9. Once negotiations have been finalised, your offer is signed by all parties. Your offer is now a legally binding contract of sale. You will be required to pay all deposit monies at the time designated on the sale contract. A copy of the contract is forwarded to your solicitor and financier so that they may start working on your behalf. 

10. All residential contracts of sale have a cooling off period unless you purchase a property under the hammer at an auction. 

11. Most contracts of sale have specific conditions which if met allow the contract to become “unconditional”. At this stage, the buyer is legally obligated to complete the sale transaction. 

12. On settlement day, your solicitor may request that you have a pre-settlement inspection before settlement takes place. This is to ensure that the property is in the same condition as when you last inspected it and that all the inclusions are as per the contract you signed. 

13. Once settlement takes place, you may collect the keys and move into your new property.

The State and Commonwealth Government’s provide first home buyers with a range of incentives aimed at making purchasing a home more

achievable. However, there is a lot to know and incentives vary for each state and territory.  REIA has made it easy with this brief overview of what is available across all the states and territories.

Click here to access the full paper