Property is now one of the fastest growing industries in Queensland. Property development is continually increasing throughout Queensland and the demand for property to live and reside in, is in demand. An emerging property type is a townhouse or unit rather than a house.
What happens when you buy a townhouse or unit?
When you purchase a townhouse or unit, you are buying your townhouse or unit only. Common areas are excluded from this purchase as is usually including carparks, swimming pools, BBQ areas, gyms and many more.
What does our team of conveyancing specialists do for you?
When you’re buying a townhouse or unit, our team will:
- Review your property contract
- Monitor of all relevant dates of the contract and advise of any changes
- Submit property searches on your behalf and provide a review of the searches
- Request any extensions and satisfaction of conditions of the contract
- Liaise with your financier in arranging settlement (if required)
- Stamp and lodge stamp duty
- Deal with any concessions for stamp duty which may be available to you
- Prepare settlement figures
- Arrange shortfall for settlement
- Advise the body corporate of change of ownership
- Make any tenancy adjustments required
- Complete and attend settlement of the property
It’s important when considering buying a townhouse or unit that you understand all your obligations. Usually there is a body corporate for most townhouses and units in Queensland, which have their own specific by-laws and costs associated with them.
What are the next steps involved in buying a townhouse or unit?
Talk with our friendly team of experienced conveyancing specialists. We can advise you on the next steps through the conveyancing process and ensure your peace of mind. Contact us today!
We have offices in Brisbane and Sunshine Coast with a friendly team readily available to assist you.