Home Buyers Guide

Buying or selling a home, or investing in real estate, is one of the biggest decisions and financial commitments you can make.

Strong emotions can affect your decision-making process when it comes to real estate, so it is important your decisions are based on objective nad thorough information so you are more likely to choose property that suits your current and future lifestyles and priorities.

This Guide will help you make decisions, understand the paperwork and outline actions you need to take when buying or selling real estate, including investment property. It also gives tips on related issues such as becoming a landlord and moving house.

It will help you avoid common pitfalls and help you understand your rights and responsibilities under the Property Agents and Motor Dealers Act 2000 (the Act) which safeguards property buyers and sellers.

The guide is for Queensland's laws, so if you are buying property interstate, the laws and consequently your rights and responsibilities, may be different.

I hope Real Estate Realities makes the process of buying or selling real estate easy and enjoyable as you embark on such an important financial commitment.

The Government is committed to consumer protection. Real Estate Realities is a vital link in the consumer education process.

Dealing with Real Estate Agents

  • Licensed to deal
  • Appointing an Agent
  • Codes, Conduct and Consumer Complaints
  • Getting the Real Picture

Getting Legal Advice

  • Choosing a Solicitor
  • What they can do for you
  • Fees

Getting a Valuation

  • Sources of Information
  • Choosing a Valuer
  • Your instructions to the valuer
  • What to expect in the report
  • Fees

Buying a Home

  • Before you buy
  • Choosing the right property
  • When you are ready to buy
  • When you are ready to sign
  • After the sale
  • Settlement Day
  • Buying at Auction
  • Buying "Off the Plan"

Manufactured Homes

Retirement Villages

Buying an Investment Property

  • Before you buy
  • Who should you buy from?
  • Knowing the hidden costs
  • Other disclosures
  • When you are ready to buy
  • When you are ready to sign
  • Timeshare Investments

Getting Finance

  • Before you choose a loan
  • Dealing with mortgage brokers
  • Dangers of wrap loans and vendor finance

Protecting your Investment

  • Home Insurance
  • Loan Insurance
  • Other Protections

Managing your Property (Becoming a Landlord/Lessor)

  • What to look for when choosing an agent to manage your property
  • What your property manager should do for you
  • Managing your own property

Selling real estate

  • Before you sell
  • Selling privately
  • Appointing an agent to sell your property
  • Appointment length
  • Choosing a method of sale
  • Selling costs
  • When the buyer signs a sales contract
  • Settlement day
  • Settling the contract

Hiring removalists

  • Before you hire
  • Contract checklist
  • Insurance
  • Preparing for the move
  • Fees

Resolving complaints

  • The source of the problem
  • Making a claim for compensation
  • Making a claim in relation to property marketeering contravention

Forms Summary

Glossary