Seller disclosure laws – good for buyers or solicitors?

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Queensland sellers have now been selling with Seller Disclosure Statements for a couple of months. What’s their experience been?

The process itself can be fairly straightforward with the assistance of a solicitor. But it pays to shop around as prices can vary.

At the cheaper end of the scale, you may pay around $300 to $400, assuming you have just a small number of searches.

But more expensive providers, and more searches, could cost over $1000.

Sellers also have the option of completing the Seller Disclosure Statement themselves.

As a seller, it’s important you get the right advice and make a decision that is best for you.

Selling a house can keep you pretty busy with cleaning, decluttering, styling and pimping it ready for photos and open homes. Finding a solicitor to help you with a bit of house admin may be a good investment for some. You can also ask your solicitor to hold their fees until your property settles – the worst they can say is no.

Meanwhile, the beneficiaries of the scheme, buyers, should do their homework to understand what the statement tells them and what it does not tell them. It doesn’t replace a building or pest inspection and you should talk to your solicitor about any other searches that may be relevant to the property you’re buying.

Head spinning with house admin? Contact us for a chat about anything real estate.

Ready to sell and disclose? Find out how much your property is worth or talk to us about selling.

Brighter Selling

What's your property worth?

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