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Stuff to know before you buy a property...


Fri Jul 7 2006

A few quick tips…

Don't be left in the dark. Find out what you need to do before you buy a property, not after.

  1. The Queensland Law Society brought in the new Queensland conveyancing protocol to protect clients. If your solicitor is too cheap or if you are using a "cut price conveyancer" then you may be at risk.
  2. Insist your lender doesn't cross collateralise your loans. Take out separate loans or you'll limit your options and risk losing money.
  3. Don't leave yourself short. Make sure you keep some money aside for all the little things like insurance, rates, removalists, body corporate adjustments (if any), storage fees (if any), plus chocolates and flowers for your spouse.

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