Are you looking to buy property on the Gold Coast? Make sure you do proper due diligence before you buy. In Queensland it’s a case of buyer beware!
This means that the seller isn’t required to disclose any information about the property. It’s up to you to find it out.
As a professional project manager, I know how important it is to check all the little details and find any red flags before committing to a big purchase. As a Buyer’s Agent I know that buying property is no different. Skipping detailed due diligence on your shortlisted properties can result in unexpected costs and headaches, and potentially even a purchase that you regret down the line.
Nobody wants that.
Due diligence isn’t just paperwork. It’s the process of identifying every possible factor that could affect the property’s value or your enjoyment of it. This means physically inspecting the property (not just relying on online photos!) and digging into things like:
- Easements and covenants on the property.
- Zoning restrictions – density, flood, heritage, environmental.
- Nearby development and building applications.
- Condition of the property.
- If you’re purchasing a unit or apartment – review the strata and body corporate management and by-laws.
- And many more – our four-step purchasing process for our clients includes a due diligence checklist for our clients includes dozens of items that we check for.
Taking the time to do proper due diligence helps ensure you’re investing in a property you’ll be happy with after the deal is done. And don’t forget that if you’re heading to auction, you need to conduct your due diligence before you bid. if you need help with your auction strategy make sure you check out our free auction checklist for Gold Coast buyers.
If you’d like any assistance with your property due diligence before buying a home or investment property on the Gold Coast, book a chat with me anytime.