Buying property is often said to be the biggest investment most people will make in their lifetime.
Whilst finding the right property is the fun part, it’s only the first of several steps in the buying process, with each step usually involving some cost. When planning for the purchase of a home, it’s important to budget for all the associated “costs of purchase” to ensure you aren’t left short at the time of settlement.
Banks, financiers, and real estate companies often advertise finance options with minimal deposits required, often 5 or 10%. However, it’s not the total picture and you will usually see the words ‘plus fees and charges’ in small type.
The law relating to property transactions varies across Australia with different milestones and associated costs. So, with that in mind, let’s explore the most common costs (not all) associated with property purchases in Queensland.
This list is not exhaustive and is designed to highlight the potential costs associated with property transactions. In addition to a basic deposit you may need several thousand dollars to cover these purchase costs and that’s something the glossy advertisements don’t tell you.
Property transactions can be a complex area of law. Hewcorp Finance will work in partnership with you and your legal representatives to ensure a smooth transaction.
Check out http://www.hewcorpfinance.com.au/home-loans.html for more information.
Hewcorp Finance provides professional home, motor vehicle, truck, caravan, marine and asset finance services to customers in Redland Bay, Bayside suburbs, and the greater Brisbane region. You can follow Owen at https://www.linkedin.com/in/owensjkirk or view details at www.hewcorpfinance.com.au and LIKE us on Facebook @ https://www.facebook.com/hewcorpfinance/
This publication covers legal issues in a general way. It is intended for information purposes only and should not be regarded as legal advice. Hewcorp Finance recommends that professional legal advice should be obtained before taking any action on the basis of the general information presented in this publication.
Written and Published by www.presentprofessionally.com.au
Peace of mind and the right finance solutions to Redland Bay and Bayside Brisbane since 2005.