Before you sell |
Before you list your property for sale, consider appointing a solicitor and agent to advise you, represent your interests and facilitate the sale.
If you have an investment property, talk to an accountant about taxation implications.
If you decide to make improvements to your home before putting it on the market, engage a suitably licensed contractor to carry out the work. If your home does not currently have an electrical safety switch, consider installing one.
Sustainability declaration
From 27 June 2012, a sustainability declaration is no longer required when selling a house, townhouse or unit in Queensland.
The Building Act 1975 and the Property and Motor Dealers Act 2000 have been amended to remove the legal requirements on sellers (vendors) and real estate agents to provide a sustainability declaration when selling or advertising a property for sale.
Where a sustainability declaration has been prepared there is no longer any requirement for the seller or agent to make copies available or give copies to a potential buyer on request.
The amendments retain provisions to protect buyers and sellers in existing contracts, where inaccurate or misleading information is contained in a sustainability declaration. These transitional arrangements provide that:
- A contract cannot be terminated simply because of inaccurate or misleading information in a sustainability declaration.
- A buyer who has been disadvantaged because of inaccurate or misleading information can seek compensation.
For further information please visit the Department of Housing and Public Works website or contact Building Codes Queensland on 1800 534 972 or by email to buildingcodes@dlgp.qld.gov.au.
Last reviewed 28/06/2012 |
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