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Buying Advice

Let Paradise Property Sales know your property search criteria of needs, wants, likes and dislikes in a property, and let us help you find the right property for your next home or investment.

Call or email us to get the ball rolling and become a ‘preferred client’ and be the first to receive details of new listings. It’s about working smarter to secure the right property for you before you miss out.

Buying Tips

Here are some useful tips when looking to buy:

*  talk to a mortgage broker/finance consultant to know your price range and obtain pre-finance approval so you know what you can afford

*  take into consideration other expenses such as solicitor’s fees, stamp duty, transfer fees and mortgage costs

*  make a list of ‘must haves’ and ‘wants’ that you are looking for in a property

*  do your own market research using the internet, print media and open homes

*  become familiar with the different methods of sale

*  understand the type of market you are buying in

*  gain an understanding of how to make an offer and the negotiation process

*  find out if the property has any easements or encumbrances

*  put your offer on paper (it will be taken more seriously)

*  make sure the contract reflects all inclusions, exclusions and special conditions

*  there is a 5-day cooling-off period for contracts in QLD (except sale by auction)

*  a pest and building inspection is recommended (and you should be there too)

*  buyers are responsible for taking out insurance on the property as soon as a contract is agreed (ask your insurance company for cover during the contract period)

*  engage a solicitor to look after your contract, searches and settlement

If you are not sure about anything please give us a call and we will be more than happy to help you out. Our advice is free.

 

 

QLD First Home Owner's Grant

The grant is available to first home owners who will be buying or building a new home and valued less than $750,000 (including land).

This grant may also be available for:

* established homes that have undergone substantial renovations before you bought the house

* homes that have been moved from one site to another, as long as the home has not been occupied since being fixed to the new site (including kit homes, manufactured homes).

You may also be eligible for a transfer duty concession or exemption when buying your home.

Visit QLD Treasury for more information.

 

Transfer Duty Concession

In Queensland, people who buy their first home may also be eligible for a transfer duty concession to minimize the cost of acquiring a home and to make home ownership more attainable.

In some cases, you may not have to pay any duty because the benefit of the concession is equal to or greater than the duty you would otherwise pay. This will depend on the value of the property you are buying. For example, you will not pay any transfer duty if you are eligible to claim a first home concession and the value of the home is less than $500,000.

To be eligible, there are certain requirements you will need to meet when claiming the concession and for a certain period after you occupy the home.

Click on this link for further information on transfer duty concessions

 

 

Investors

We understand that you are looking from a different perspective when sourcing suitable property to build your portfolio. We can help you find the right property to suit your personal financial situation and help you to achieve the returns you are looking for. This should be done in consultation with an accountant, financial adviser and solicitor. We would be happy to refer you to professionals in these fields. Our local area knowledge will ensure that you make the right choice for you.