Protect your property from more than just the storms

Storm season has well and truly arrived in Queensland, and insurers are urging people to send in their insurance claims as soon as possible in order to arrange any assessments and repairs.

Multiple super-cell storms have brought with it heavy rain, wind and hail causing damage to vehicles and properties, although it is too early yet to estimate the cost of the storm damage.

If you are planning on buying properties during this period, we suggest you exercise extra caution.  With regard to the Queensland conveyancing process, to ensure that all legalities are in order, we recommend using a qualified Queensland conveyancer as they have all the essential safeguards in place to protect you from any problems during the transfer process. Bear in mind that conveyancing laws differ between states, and only solicitors registered in Queensland are allowed to practice in this state.

It is a standard practice for contracts of sale for property in Queensland to have conditions regarding the state of the building and potential pests. Buyers are able to hire qualified property and pest inspectors to attend the property and deliver written reports. Given the recent storms and those inevitably coming, there is an increased likelihood of structural damages caused by the heavy rains, and it would be wise to check if your property is affected by this.

If the reports reveal any such things, buyers can liaise with their surveyor and solicitor on the best way to proceed with the transaction.

Here are some recommendations that, as a buyer, you should consider during this process:

  • You are present during the property inspections in order to give you a better idea as to the state of the property and potential issues that could arise.
  • Arrange the inspections well in advance of the due dates, so as to allow time to produce the reports and for negotiations.
  • Always keep your conveyancer in the loop, and give them a lot of notice if you wish for them to negotiate on your behalf.

If you would like help or more information on the conveyancing process, feel free to contact us at MYG Legal and we will be happy to assist you.