September JDAC Journal

Don’t forget to get a Contract review before you sign!

With the spring selling (and buying) season now in full swing, it is important to remember to get the basics right before you commit to one of life’s most important transactions.

Whether you are looking to sell or buy a property, one of the most important things you can do is to get a Contract review. After you’ve agreed on terms, the real estate agent will give you a copy of the Contract of sale.

The Contract should record all of the necessary terms and conditions, and if you’re about to spend hundreds of thousands of dollars, it would be wise to go through it properly.

A Contract review is essential when buying a house because it lets you know about the risks you’re taking on with the property. The seller can add all sorts of special conditions to the contract, and if you sign it without having it reviewed, you’ll be agreeing to whatever is in the document, like it or not.

This means that, if you find something wrong with the house after signing, you might not be able to pull out of the deal. Or worse, if there are issues with getting a loan from your bank, you’ll not only miss out being able to finance the purchase, but you might still have to pay the deposit to the seller (up to 10% of the total price), plus, the seller could claim even more from you for any loss on resale of the property. You could end up thousands out of pocket, without anything to show for it.

When you are selling there is usually less risk but there are a number of issues that can affect the sale in terms of any mortgage or encumbrance on the property or the position with approvals for improvements on the property. In addition to this, any special conditions suggested by the buyer need to be checked to ensure they will not cause any unexpected problems.

In short, getting a contract review before buying or selling is essential because it can help protect your interests and avoid costly disputes. It’s important that all parties understand what they are agreeing to before signing.

If you need to discuss please call us on 07 4638 3788 or contact us by If the contract has been prepared you can ask the agent to email it to us so that we can review it before you sign – the process is quick and simple and we can usually get you underway with a minimum of fuss.


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Divorce and Property Settlement Made Easy!

When a couple decides to separate, it is important to consider divorce and property affairs as soon as possible. The longer the process takes, the more complicated it can become and strict deadlines apply.

Some reasons why it is important to finalise your divorce and property affairs promptly:

  • Financial security: Finalising things can help ensure financial security and fairness for the parties so they can move on with their life.
  • Avoiding disputes: Can help to avoid disputes between the parties and clarify who gets what so that there is no confusion later on.
  • Legal requirements: Finalising everything is a legally sensible move – if you don’t finalise your divorce, you will still be legally married, which can have wider implications. Finalising property affairs will avoid unexpected consequences if things need to be tidied up long after you have separated.

Finalising a divorce and property affairs is important for many reasons and it is essential to seek legal advice early. The process is probably not as time consuming or expensive as you might think…

If you need to have a confidential discussion or have any questions call now with no obligation – 07 4638 3788.