By Alex Garden Principal of Ray White Beerwah, Landsborough, and Mooloolah Valley
The new seller disclosure laws are a step in the right direction for transparency and are designed to give buyers more peace of mind. For sellers, it simply means getting your ducks in a row a little earlier.
While it does create more upfront work for solicitors and agents, it saves headaches later for both buyers and sellers. As for price or time on market, we aren’t seeing a negative impact. If anything, well-informed buyers are more confident to move quickly and are putting forward strong offers.
The biggest changes are around timing. For example, if sellers have done renovations or added a shed without full approvals, those things are now flagged more often. From the time you hire an agent to having your property go live online is usually just 2–3 days, which is the ideal timeframe to have your disclosure complete by.
With the turnaround time for seller disclosure currently being up to a week or more with solicitors (potentially holding you back from a contract), Ray White has made it a key focus to partner with the best of the best in the industry which allows us to turn around a disclosure in just 24–48 hours with 24/7 legal support and checks, and no liability for the sellers.
All in all, it’s not a scary process, and with the right supporting agent, it’s straightforward—just a couple of i’s to dot and t’s to cross. At Ray White, we’re here to make it smooth!
On the ground, the market itself is extremely strong. Our open homes have been buzzing, with some attracting record numbers. Just last weekend we had 31 groups (over 90 people) through a single property. That level of activity shows how much buyer demand is still driving competition and confidence in the local market.
