Here is a collection of common and frequently asked questions for sellers :
What is the Gold Coast market like at the moment?
Levels of property have remained low which has meant that although activity levels have decreased prices have remained relatively stable.
Are there any special bargains out there?
Yes – There is certainly is – Given the constant rise in prices every property that is for sale at the current market price is a bargain these days. With interest rates still fairly low, desperation sales and mortgagee sales are few and far between.
How are negotiations conducted in Queensland?
Very differently from other parts of Australia. All offers are made in writing with all paperwork finalised before being sent to the solicitors. Verbal offers are not considered seriously in Queensland.
How can an agent honestly work for both the buyer and the seller?
Legally the real estate agent’s client is the vendor (seller) in that we are acting on their behalf in selling the property (a similar relationship to that of a solicitor or stock broker to their clients). The relationship with a buyer is different in that it is one of a Seller (or really a sellers representative) to a customer, similar to a store. Numerous government acts and regulations ensure fair treatment and protection in both of these relationships. Besides the legal requirements most good agencies are members of the Real Estate Institute of Queensland (REIQ) whereupon they are also bound by moral and ethical guidelines.
How long is the cooling off period?
The cooling off period in Queenslandis Five Business Days with the day of signing being considered as day 1 if it is signed on a business day.