First Home Buyer
Don’t let the anticipation and excitement of owning your first home cloud your need to follow certain conveyancing steps designed to protect you and your investment. You have worked for too long and too hard for things to go wrong. Your hard work and savings plan has paid off. It’s an exciting time for you as a First Home Buyer, but you need to be cautious and follow the right procedure.
Take the time to have the process explained to you in detail. You need to know and understand your legal responsibilities. As you are a First Home Buyer, take the time to get it right. This will be one of the biggest purchases in your lifetime.
For you, at the moment, the most important issue is the date you get to move into your new home. You have planned the day, booked the removalist, requested time off work and asked friends to help. But there are a lot of steps which are required to be followed to successfully reach this outcome.
Being a First Home Buyer is not an excuse to get the process wrong. Penalties may apply if you fail to meet your commitments. At worst you may put the deal in jeopardy. It is important for you to obtain legal advice prior to signing the Contract to buy your home. The good news is Koolik & Associates are here to help you.
As it is necessary to follow each step in the process, our conveyancing team will guide you through the process in order to reach your move-in date as smoothly as possible. We will explain the kind of searches that are applicable to you and your property as not all situations are the same.
Some of the benefits of being a First Home Buyer include:
- Possible exemption or reduced Transfer Duty costs depending on the value of the property as the property will be your home, otherwise called your Principal Place of Residence
- Great Start Grant, available to First Home Buyers, $15,000 – $20,000 towards buying or building your new home. For eligibility requirements see https://greatstartgrant.osr.qld.gov.au/
Call our office today, let us take the stress out of the process – leaving you with the excitement.