Law Blog

Buying or selling property can be exciting and if it isn't exciting there is usually some other powerful emotion involved... and emotions can cloud judgment.

For this reason, it is important to ensure you don't go splashing around your signature before you have given thorough consideration to what you are about to sign.

Despite a few well established and legislated safe-guards, contracts for the sale of land in Queensland are notoriously difficult to get out of once they are signed by both parties.

As a rule, you should sign the contract only when you are 100% happy with the terms and conditions and only when you understand what the contract involves to your satisfaction.

But how are you supposed to know what those pages and pages of terms and conditions actually mean?

To save yourself the time of going through a law degree to learn the nuances of each term/ condition, hire a lawyer to help you. These days representation for conveyancing matters is extremely affordable in Queensland due to the high level of competition in the industry, so don't be put off by the idea due to cost concerns.

The lawyer will look over the contract and ensure that the terms & conditions align with your expectations and he or she will give you a green light to go ahead with signing the contract or a red light, which means go back to the other party or real estate agent and negotiate a better deal for yourself.

So really, when you are wondering when the appropriate time to sign your contract is, the rule of thumb to keep in mind is:

Only sign the contract after you have consulted a solicitor.

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