Listen "Legal Essentials of Buying Property with Ciara Molloy"
Episode Synopsis
Your sale contract could cost you tens of thousands of dollars if you don't review it correctly, but with some sitting at 400 pages, it's an arduous and difficult task.Property lawyer from Haines and Polites, Ciara Molloy shares the legal essentials, from when to engage a solicitor, to making special conditions work for you.0:00 Introduction to Ciara1:09 Contract reviews and common contract traps2:31 Conditional vs unconditional purchases explained3:33 Auction advice5:28 When to insure your property after purchase6:47 Understanding all the additional costs beyond purchase price9:17 When to engage a solicitor in the buying process and how they can change special conditions11:07 Horror story - $10,000 special levy surprise at auction12:53 Good news story - the abattoir property near Medway14:41 The settlement process and avoiding transfer scams19:07 Owners corporation considerations for apartment purchasesFor any questions about purchasing property or to discuss your home loan options, visit ynance.com.au or contact Mitch Woods directly on 0411 235 798 or [email protected]
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