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BREAKING NEWS: Vendor Finance Contracts are NOT illegal

BREAKING NEWS: Vendor Finance Contracts are NOT illegal
Aylward Game Solicitors
April 2, 2019

That's correct... Vendor Finance Contracts are NOT illegal. If you haven’t done so already, take a look at our previous article “What is Vendor Finance and Is It Worth It?”. With obtaining finance from banks and other traditional lenders becoming increasingly more difficult to obtain, we are receiving a growing number of inquiries about vendor…

Do I need to find a Solicitor before I sign a Contract?
Aylward Game Solicitors
March 15, 2019

In most conveyancing matters, the first time a solicitor sees a Contract is after it has been entered into and fully signed. So should you find a lawyer first? In today’s fast pace society and through fear of missing out on a purchase or losing a sale, you can often feel pressured into signing a…

Just bought a House? What happens next?
Aylward Game Solicitors
March 15, 2019

Once you have a Contract, signed by both the seller and the buyer, one of the first things you should do is contact an experienced property conveyancing Solicitor. The conveyancing process in Queensland can be a complicated process and runs on a strict timeline. For example, under the standard REIQ Contract, as soon as the…

The Seller’s Conveyancing Checklist Made Simple
Aylward Game
February 6, 2019

Selling your home? Here are some important things to remember to get you through the process without breaking a sweat. Stage 1. Contract of Sale Often your real estate agent will prepare the contract of sale using a standard template. Whilst it is tempting to just sign on the dotted line remember that it can be…

What Is Vendor Finance and Is It Worth It?
Aylward Game Solicitors
October 24, 2018

Many people ask us: "what is vendor finance?" Vendor finance also referred to as “seller finance”, is a term growing in popularity with finance from traditional lenders becoming increasingly more difficult to obtain in recent times. It also allows people with a less than perfect credit score to secure finance to purchase a property, whether…

How to complete the new GST Withholding section in REIQ Contracts?
Aylward Game Solicitors
September 5, 2018

As discussed in our previous Article “Buyer Alert! New GST Withholding Laws for Buyers and Developers of New Residential Property” new GST withholding rules came into force on 1 July 2018. The Real Estate Institution Queensland (REIQ) Contract has been updated to reflect these changes and a new section titled “GST WITHHOLDING OBLIGATIONS” has been…

What to look for in a property contract before you sign
Aylward Game Solicitors
January 19, 2018

Purchasing or Selling property contract, property lawyer can be an overwhelming experience, particularly if it is your first residential transaction. Even more daunting is being handed a contract from an agent and being asked to sign on the dotted line when a purchaser or seller has little or no experience in what to look for…

The Four Stages of a Conveyancing Transaction – Part 2 Sellers
Aylward Game Solicitors
June 14, 2017

CONDITIONAL STAGE – SELLER INTRODUCTION There are four stages that cover the breadth of the conveyancing process: Pre-Contractual Stage; Conditional Stage; Unconditional Stage; and Settlement/Post Settlement Stage. CONDITIONAL STAGE The importance of the conditional stage (which occurs after the signing of the contract but before the contract becomes unconditional) cannot be overlooked as it is…

The Four Stages of a Conveyancing Transaction – Part 1 Sellers
Aylward Game Solicitors
June 6, 2017

PRE-CONTRACTUAL  STAGE – SELLER INTRODUCTION The Four Stages of a Conveyancing Transaction - Part 1 Sellers: Pre-Contractual; Conditional; Unconditional; and Settlement/Post Settlement. Each of these stages offers its own risks. PRE-CONTRACTUAL STAGE The importance of this stage, which occurs before the signing of a contract, is often overlooked with clients signing the “standard” Real Estate…

The hidden costs of property investment that nobody talks about
Aylward Game Solicitors
March 28, 2017

Are you considering investing your money in an investment property and becoming a property investor? If yes, you need to know what costs are involved and how to establish the best ownership structure for your asset. As many newcomers find out - it is not always a simple process to make an investment, especially in…

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