Seek legal advice before signing your contract. You are now ready to take that final step – you have found a property you wish to purchase, whether as an investment or to be your first or subsequent home (principal place of residence). Contracts are generally prepared by real estate agents on behalf of the seller. You…
DetailsI recently was invited to speak at a conference for the Australian College of Strata Lawyers in relation to the current situation with building defects in Queensland. There have been recent changes in Queensland that impact on Bodies Corporate and also on construction of the buildings that form Bodies Corporate. Firstly, and as a result…
DetailsHave you ever been asked to be a guarantor? Do you have children may be a more telling question in this scenario. Many people do “go guarantor” for their children or family members and this is often an effective way to enable the child or family members (borrower) to purchase a home without the need…
DetailsReverse mortgages enable you to withdraw equity from your home. With a reverse mortgage there is no obligation to make any repayments of principal or interest. Perhaps you have the problem of being asset/equity rich and cash poor and you need funds to assist with some home renovations for old age, to fund some lifestyle…
DetailsFinance definition and what you need to know in relation to your Contract. It is an often-misconstrued understanding that if you have pre-approval of finance, you will have the funds from your financier available at settlement. Pre-approval does not constitute an unconditional offer from your Bank for finance. That is why it is important you…
DetailsMedium and high-density living is becoming more popular, and with certain areas experiencing high population growth, it is also becoming necessary. So, if we are leaving the “white picket fences” behind, what about our treasured companions, or man’s (woman’s) best friend? We often hear from Buyers that agents have told them “the Body Corporate cannot…
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