Purchasing a property is a significant financial investment, and asking the right questions can help you make an informed decision. At Rothschild Group, we guide buyers through the legal complexities of property transactions to ensure a smooth and transparent process.

Key Questions to Ask Your Real Estate Agent Before Buying

1. Understanding Rates and Taxes

  • What are the annual council rates and land tax obligations?
  • Are there any hidden levies, such as underground power charges, that may increase ownership costs?

2. Property Boundaries and Shared Costs

  • Are there any existing fencing agreements in place with neighboring properties?
  • Who is responsible for retaining walls and boundary maintenance?

3. Title Restrictions and Encumbrances

  • Are there any easements, caveats, or agreements affecting the property’s use?
  • Will these restrictions limit any future renovations or developments?

4. Compliance with Building Approvals

  • Have all structures, additions, and fences been approved by the local council?
  • Are there any outstanding building permits or unapproved modifications?

5. Home Indemnity Insurance

  • If the property is less than six years old, does it come with home indemnity insurance?
  • Is the property covered for structural defects or workmanship issues?

6. Legal Disputes and Ownership Concerns

  • Are there any pending legal claims or disputes related to the property?
  • Has the property been involved in litigation, zoning issues, or ownership conflicts?

7. Understanding Lease Agreements (If Applicable)

  • Is the property currently leased? If so, what are the lease terms?
  • Can the buyer obtain a copy of the lease agreement and managing agent details?

Why Choose Rothschild Group for Property Transactions?

  • Expert legal review of contracts and title documents to prevent surprises.
  • Comprehensive due diligence to safeguard your investment.
  • Legal representation to ensure a smooth settlement process.

Have questions about your property purchase? Contact Rothschild Group today for expert legal advice.