The most important advice you will receive before buying or selling your home

November 11, 2020

It is critical to get legal advice before signing any contract for the purchase or sale of your property.

The contract needs to reflect your wishes and desired outcomes for both parties.

Only recently we had the privilege of assisting a young couple in advising them on the terms of their contract to purchase their first property before they signed it.

Our clients were referred to a Solicitor for advice on the contract and were apparently advised to simply "sign the contract and we will sort it out later", without properly discussing and considering with the clients their current circumstances.

Dissatisfied with that advice, the clients spoke with us and it was only after speaking with them that the couple realised the timing of the transaction under the contract did not meet with their own personal circumstances, and in fact the contract terms did not protect their interests at all.

Entering into the contract and "sorting it out later" could have resulted in financial ruin for our clients.

At Chris Sheath & Associates Solicitors, we do not charge extra for the review of a contract for purchase or sale of a house before it is signed. We see it as a critical step in assisting and advising our clients to achieve their desired outcomes. Failing to obtain appropriate legal advice can have disastrous consequences on all parties to the transaction.

If you are looking to buy or sell a property, it is critical that you seek legal advice before signing the contract.

Our caring team of professionals with more than 60 years combined experience in property and conveyancing matters would be delighted to assist you with regard to your purchase or sale.

Latest Blogs

Joint Tenants vs Tenants in Common

If you have recently purchased a property or are in the midst of buying your first property with another person, you may have come across the terms “joint tenancy” and...

How To Stay Level-Headed During Negotiation

It is easier said than done to remain “calm, cool and collected” in a heated situation. When in a tense environment, staying level-headed is often difficult when emotions take control....

Win-win Strategies

When one thinks of negotiating, the word “compromise” comes to mind, and most of us typically do not want to make large compromises. If you are someone who likes getting...

What you need to know about managing your BATNA

Your Best Alternative to Negotiated Agreement (BATNA), is defined as the most advantageous alternative that a negotiating party can take if negotiations fail and an agreement cannot be made. In...

6 Ways to Legally Protect Your Small Business

Have you been looking at ways to legally protect your small business? We have included six simple steps that we would recommend every business owner should follow when starting a...

Pets in Wills

Pets and companion animals are important parts of our lives and family. Did you know that without a relevant Will in place, your final wishes including plans for your pets...

How To Prevent Your Will From Being Contested

Over the past five years, we have seen a dramatic increase in the number of wills being contested. Factors contributing to this surge include Australia’s ageing population – with more...

Changes To The Enduring Power Of Attorney Regime

The Queensland Government is introducing new Enduring Power of Attorney and Advance Health Directive forms from 30th November 2020....

Supreme Court of Queensland confirms an attorney can enact a binding death benefit nomination

The Supreme Court of Queensland has recently confirmed the making of a binding death benefit nomination (BDBN) is a financial matter....

Chris Sheath & Associates listed as recommended Wills, Estates and Succession Planning Law Firm by 2020 Doyle’s Guide.

It seems that for many, deciding on a child’s education or even where to eat dinner is given more critical thinking than...