Whether purchasing your first house, investment property or holiday unit, Bradley and Bray understand that this will be one of the most important transactions in your lifetime. Our friendly Conveyancing Team take a personal interest in every transaction. They will keep you informed, in clear language that you understand, and are ready to answer your questions, no matter how silly you think they might be.
It is essential to get the right advice before entering into any Contract. We know how important it is to keep abreast of any changes in this field and are constantly involved in ongoing legal education. With up to date technology, our Conveyancing Team are able to keep your matter progressing smoothly and with most settlements taking place within 30 days this is important. Our Conveyancing Team works for you to ensure that your Contract is handled professionally, efficiently and cost effectively. Things to know:
• Cooling Off Period - In Queensland Buyers are entitled to a 5 day cooling off period. Should the Buyer use their ability to terminate a Contract during the 5 day cooling off period, they pay a penalty of 0.25% of the purchase price to the Seller.
• Time of the essence - Standard Contracts in Queensland are written so that "time is of the essence". What this means to you is that there is no automatic right to an extension of time for any condition or due date under the Contract.
• Insurance - When purchasing freehold property in Queensland, the property is at the Buyer´s risk from 5:00pm on the first business day after the Contract date. It is important that the Buyer arranges insurance cover over the property immediately to protect their rights.
• Building and Pest Inspections - We always recommend that the Buyer conducts both building and pest inspections when purchasing a property to check for structural weaknesses or pests infecting the property. In certain circumstances the Buyer is entitled to terminate the Contract if not satisfied with the results of either inspection. There are strict time limits relating to these inspections and notification of termination.
If you have any questions or require further information on any aspect of our Conveyancing Services please contact us
