The REIQ contract allows for a cooling off period that can be effectively used by the buyer. The duration of the cooling off period in QLD is five business days commencing from the date when the buyer enters into a binding contract. The buyer becomes bound only after receiving the contract papers signed by both [...]
Clause 3 of the REIQ contract provides that the contract is conditional on the buyer obtaining approval of a loan for the finance amount from the financier by the finance date on terms satisfactory to the buyer. Clause 3 is only activated if each of these three items (finance amount, financier and finance date) is [...]
Conveyancing is the process of transferring the ownership of the property you’re purchasing from the seller to you. It makes sure that the process is perfectly legal and above board. The conveyancing process is handled by a conveyancing solicitor or licensed conveyancer. If you’re looking to buy or sell property, you should not only know [...]
