Property Buying Tips For Hope Island Gold Coast

At Hope Island Resort Realty we are aware of how exciting it is to be purchasing a new home. You are making plans for the future, choosing a home in an area that appeals to you and investing in one of the safest methods known for acquiring wealth. At Hope Island Resort Realty we are here to help you along the way with some useful tips.

Get Your Finance Organised

There is nothing more disappointing than finding your dream home, only to miss out because of finance issues. For this reason it is essential to have your finance in place before you start to look so when you find your dream home, you can take steps to secure it.

Working with a good mortgage broker or financier can help you determine exactly how much you can spend on a property. You have to take into account set up fees, stamp duties, taxes and other fees as well as the purchase price of the property.

Searching For Your New Home

Now you have a budget in mind for your property, it’s time to start searching for your new home.

A good place to start when looking to buy property in Hope Island or Gold Coast is through our VIP Club

The Hope Island Resort Realty VIP club is like your introduction to living in the Hope Island area. Register your details and not only will you be kept up to date with regular property updates and information about the area, but you be notified as soon as new properties come onto the market.

The Early Bird Gets The Worm!

Questions To Ask Before Buying A Home

Once you have chosen your new home make sure you ask all the questions. Here are some examples:

  • What is to be sold with the property? 
  • Are there any easements? 
  • How big is the block? 
  • What is being built next door? 
  • Is there a Body Corporate? 
  • What are the council rates? 
  • Is there anything I should know about this street? 
  • Have there been any other offers made? 
  • Is the pool cleaning equipment staying? 
  • What about that expensive chandelier in the hallway?

There is an old adage, "there is no such thing as a stupid question" so please do not hesitate to ask if you are unsure.

Offers and Contracts For Buying In Queensland

Now that you have decided on your new home, the next step is the to make an offer. In Queensland the offer is made on a contract. 

We will guide you through the contract process and also draw up a contract for you to either take to your Solicitors for their perusal before signing. You may however be comfortable signing the contract with one of our friendly staff prior to taking to your solicitor.

Signing a contract is not something to be taken lightly.

In order to draw up a contract, you will be asked for:

  • your purchase offer
  • your deposit sum, which is usually something less than 10%
  • your settlement date.

You will be advised to have a building inspection and  pest inspection done on the property and also asked whether the contract would need to have any special clauses such as subject to finance or subject to your house selling on a certain date.  Your Solicitor can be the person to set these clauses on your behalf.

Once the contract is signed, then the agent will take it to the vendor for consideration. If they agree with the terms then they will sign it making it legally binding on both parties.  If they are not happy then they have the right to change the amount or conditions.  The agent will then come back to you with the changes for your consideration. 

Nothing is binding until both parties have signed and agreed.

Once the agreement is in place and signed, then the contract deposits are paid into a trust account and the contracts are sent off to nominated solicitors for their actioning.  Your nominated solicitor will be in regular contact with you from then onwards until settlement, guiding you through the process.

We will be in touch with you as well to make sure that everything is going smoothly.

Settlements and Inspections

The day before settlement, you have the right to a pre-settlement inspection.  We will accompany you to ensure all is correct before the big day. 

On settlement day, we will generally have all the keys and paperwork ready at our office for collection. We are unable to release these until such time that we have been notified in writing that settlement has occurred.

Please ensure your solicitor notifies us just as soon as settlement has occurred so there is no delay in handing over the keys to your new home.