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TIPS WHEN PURCHASING PROPERTY AT AUCTION

TIPS WHEN PURCHASING PROPERTY AT AUCTION Thu, 29 Mar 18
Buying a property at auction can be an exciting, nerve-wracking time and sometimes emotions can get the better of us so it is vitally important that you understand the process, and your rights and obligations before bidding on a property to ensure you don’t end up in a sticky situation that could end up costing you thousands of dollars. This is where the experienced Gold Coast Lawyers at Affinity Lawyers can help ensure your transaction is smooth, hassle-free and cost effective.

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WHAT HAPPENS IN A PROPERTY SETTLEMENT WHEN MY SUPER IS SPLIT?

WHAT HAPPENS IN A PROPERTY SETTLEMENT WHEN MY SUPER IS SPLIT? Tue, 27 Feb 18
After the family home, superannuation is generally the second largest asset of many families, and as a result, it becomes very important when parties are splitting their property after separation. The Family Court has had jurisdiction to deal with superannuation entitlements for over 10 years, and amongst other things, can make a splitting order which directs the superannuation trustee to split a members entitlement and pay a percentage or fixed amount to their spouse by way of a new super account being opened for the spouse or the split amount being rolled over into the spouses existing super fund. It is also important to note that a super fund of less than $5,000 cannot be split.

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WHAT CAN GO WRONG WHEN SELLING YOUR PROPERTY?

WHAT CAN GO WRONG WHEN SELLING YOUR PROPERTY? Tue, 20 Feb 18
Often, people assume that the transaction process for selling real property is simple, and many are hesitant to engage a professional lawyer to undertake the work on their behalf, believing that they can do it themselves to save money. We see many files after the seller has attempted to finalise the transaction on their own, and we would strongly caution you against attempting to sell a property on your own due to the risks and ramifications which can occur as a result.

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COMMON TRAPS AFTER SEPARATION

COMMON TRAPS AFTER SEPARATION Tue, 20 Feb 18
At Affinity Family Lawyers, we understand that separation from a husband/wife or long term de facto partner can be one of the most stressful and traumatic events in a person's life. Most people do not know where to begin, and often delay taking any steps towards obtaining legal advice, and consequently, do many things which may be detrimental to their property settlement in the long run. There are many things which we recommend doing as soon as possible after separation, which are detailed further below and are canvassed in some of our previous articles.

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ANOTHER YEAR, ANOTHER OPPORTUNITY TO GET ORGANISED

ANOTHER YEAR, ANOTHER OPPORTUNITY TO GET ORGANISED Fri, 12 Jan 18
The start of a new year is the perfect time to sit down and take stock of your present circumstances. Are you happy with your job, relationship and current living arrangements? Do you have a dream of undertaking further study, starting a new sport or hobby or simply taking more time out to relax? More importantly, if you have a Will, then it is a great time to consider whether your Will accurately reflects your wishes, and whether your circumstances have changed significantly since it was created, which may mean it is invalid. For example, marriage, separation, divorce or entry into a new relationship can all be sufficient reasons to invalidate an existing Will . You may also want to include new family members (especially if a baby has been born since your last Will was completed).

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LOOKING AT BUYING A QUEENSLAND PROPERTY IN THE NEW YEAR?

LOOKING AT BUYING A QUEENSLAND PROPERTY IN THE NEW YEAR? Fri, 12 Jan 18
The start of a new year seems to be a popular time for people to decide they want a fresh start, sometimes with finding the house of their dreams. With the current market, there are hordes of interstate buyers, particularly from Sydney, who are ready to buy Queensland properties with cash. It is important to note that the way a property is purchased in Queensland differs from the process in our southern states. Generally, the standard contract of sale used includes a 5-business day cooling off period, which is in place to protect the buyer. It affords the buyer a greater sense of protection to sign a contract before going to a solicitor, however it is important to remember that if the buyer does decide to pull out of the contract under the cooling off provision, a termination fee of 0.25% of the purchase price can apply.

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