Do I need to make any specific disclosures to potential buyers about my property on the Gold Coast?
Yes, when selling a property on the Gold Coast there are certain disclosures and obligations that you must comply with, in order to provide potential buyers with accurate and transparent information about the property.
These disclosures are designed to ensure that buyers are well informed about the property’s condition, history and any potential problems. Here are some of the key disclosures you may need to make:
Seller Disclosure Statement
The “Seller Disclosure Statement” is required under Queensland’s Property Law Act 2023. The statement must be provided to the buyer prior to entering into a property purchase agreement.
It outlines the seller’s obligation to disclose certain information about the property, including any unregistered or statutory encumbrances, environmental notices, construction by unlicensed persons and potential government infrastructure projects affecting the property.
The statement emphasises that buyers should carry out their own investigations into issues such as flood history and planning permissions, as these are not covered by the document.
Sellers are required to disclose the following information in a disclosure statement (among other things)
a. details of any unregistered encumbrances affecting the property;
b. the zoning of the property under the local government planning scheme;
c. information relating to contamination and environmental protection in respect of the Property under the Environmental Protection Act 1994 (Qld) (including, without limitation, whether the Property is on the Environmental Management Register or the Contaminated Land Register and whether the Seller is required to give a notice under section 408 of that Act);
d. whether the property is subject to an application or order in relation to a tree under the Neighbourhood Disputes (Dividing Fences and Trees) Act 2011 (Qld);
e. whether the property is affected by a transport infrastructure proposal that will alter the dimensions of the property;
f. whether the property is listed;
g. whether a government agency has given notice of an intention to reclaim the property or part of it;
h. whether there is a swimming pool on the property (or common property);
i. whether there is a commercial office building of more than 1,000m2 on the Property; and
j. information regarding the amount of rates and water charges payable for the property.
Pre-sale Property Inspection
It’s good practice to have a pre-sale property inspection carried out by a qualified building inspector. This inspection will identify any structural issues, maintenance needs or potential problems that need to be addressed before the property is offered for sale. Addressing these issues in advance can make the property more attractive to potential buyers.
Legal and Title Checks
It’s important to ensure that the title to the property is clear and free from any legal encumbrances. Solicitors or conveyancers can carry out title searches to confirm ownership details and identify any potential legal issues that need to be resolved prior to sale.
Pest and Termite Inspection
In areas such as the Gold Coast where termite activity may be a concern, a pest and termite inspection is recommended. This inspection will identify any infestation or damage caused by pests and provide information on the overall pest condition of the property.
I’m confident that I can get your Gold Coast property sold for the best possible price. Let’s meet over coffee and I’ll show you how. Searching for Real Estate Agent Gold Coast and you’ve found yourself here, together we can achieve the Best Possible Price and get you sold.
Swimming Pool Safety Inspection
If the property has a swimming pool, a pool safety inspection is required by law. This inspection will ensure that the pool area complies with safety regulations and that appropriate barriers are in place to prevent accidents, particularly involving young children.
Energy Efficiency Assessment
In some cases, an energy efficiency assessment may be recommended. This assessment evaluates the property’s energy consumption and suggests improvements that could make the property more energy efficient and attractive to environmentally conscious buyers.
Overall, these inspections and assessments contribute to a smoother sales process, help you address any potential issues and give potential buyers confidence in the condition and value of the property. It’s a proactive approach that can lead to a successful and satisfying Gold Coast property sale.
Surfers Paradise Real Estate Agent Gold Coast is what you searched for and you’ve found yourself here, so let’s chat over a coffee about the process of selling your home and how it all begins. Craig Douglas, your local Gold Coast Real Estate Agent 0418 189 963
Author – Craig Douglas
Please Note: The information contained in this document is for general information purposes only and does not constitute legal advice. The laws and regulations governing the sale of property in Queensland are complex and constantly changing. It is important to seek the advice of a qualified property lawyer or conveyancer before making any decisions about the sale of your property. This document does not take into account your individual circumstances and may not apply to your situation. By reading this document you agree that you have not relied on the information contained herein and that you will seek independent legal advice before taking any action.
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This page was proudly created by Craig Douglas, your local independent Gold Coast real estate agent, working for a Boutique Real Estate Agency. Selling residential and commercial properties, from those that are awe-inspiring, through to a diamond-in-the-rough, otherwise known as a “renovator’s delight”.
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