We can take the hassle out of the property purchasing process, making moving an enjoyable, easy experience.
Buying
Buying
Whether you are a seasoned investor, a first-time homebuyer, or someone looking to upgrade or downsize, U Real Estate can work for you as your trusted partner in navigating the Brisbane real estate market.
Discover the difference of working with an agency with experience, professionalism, and a genuine passion for real estate.
Contact us today, and let us turn your real estate aspirations into reality.
Researching
Prices
Making An Offer
Insurance
Buying at Auction
Cooling Off Period
Unconditional
Researching Prices
Several web sites include information on recorded sales. Whilst it is useful, some published data can be out of date, especially in a changing market. Most people attend open for inspections and auctions to find out what is really happening in the area at the time.
Making An Offer
In Queensland, an offer to buy a property is usually made in writing ona pre-printed contract, but may also be submitted on a single page ‘letter of offer’
The real estate agent will ask you to sign the contract documents in the correct order, which includes the 27c and 30c disclosure statements
The real estate agent then presents your offer to the seller; the seller may accept, reject, or countersign your offer
Once negotiations have been completed, the contract is signed and intialled by all parties. The deposit is paid and a copy of the contract is sent to each solicitor
Insurance
Queensland property law states that the property is at the buyer’s risk from 5pm the business day following the contract date. In other words, you need to arrange a cover note to insure the property as soon as you get a contract on a property.
Buying at Auction
The main advantage with buying at auction is you know exactly how much the competition is willing to pay. By contrast, if a private treaty property has an offer on it, you won’t know how much the other buyers are prepared to pay.
Buying at auction is more transparent than private treaty because an auction is conducted in an open forum, not behind closed doors. When buying at auction, be aware that the contract is not subject to finance or building & pest inspection. A bid at auction is known as ‘cash unconditional’.
Cooling Off Period
Under Queensland legislation, property buyers have a standard five day cooling off period. If you change your mind for any reason you can pull out of the contract (a termination penalty of 0.25% may apply). The five day cooling off period does not apply when someone buys a property at auction.
Unconditional
Settlement
