Moving interstate is a big change that requires a big moving process. here are some key things to consider before you make the move!
Ben and Amelia were really excited about buying into the Aussie postcard lifestyle of the sun, the surf and the sand on the Gold Coast, but they'd actually never lived in Queensland before. So it was really important that they put some due diligence steps in place um when embarking on such a big move. Here are some key things to remember if you're in the same boat:
Research the type of title.
You'll find in the contract is whether there are restrictions or limitations on the property. Now some of these things can actually be location specific. So you'd have no experience with that, coming from a different part of the country, so it’s important to engage a local solicitor who does understand these things. And so things like a heritage listing for arguments sake not adversely affect you, or if you’re looking at a waterfront property, there’s a whole bunch of other issues that you may never have had to consider before.
Engage a local solicitor.
If you’re buying a property that’s got's tenant in place, you want to find out if at settlement time you’re going get vacant possession or is it still subject to a lease. 'Cause in the case of the latter, you actually have to still honor the length of the lease before you can actually move in. and in some cases that can be one, two or three months after you settle. So it’s important that you understand whether you’re getting a vacant possession or subject to a lease.
Find out the terms of settlement.
another bit of due diligence that I absolutely recommend everybody does, and that is get on the councils website and look at what development applications have been put in for the neighboring properties. You want to know if the house next door is suddenly going double in size. If you’re buying a property in your own home town, I’d be recommending that you inspect that that property as many times as possible, and at different times of the day and in fact the week.
Inspect as many times as possible.
Now irrespective of if you’re buying integrate or if you’re just buying around the corner, we both agree that you should get a building and pest inspection done always, and if possible get it done prior to putting an offer in on the contract. But if that’s not possible, definitely prior to going unconditional. So the good news for ben and Amelia is they actually did fulfill the great Aussie lifestyle of sun, surf and beach 'cause they successfully bought on the Gold Coast and they’re looking forward to moving in there soon.