News & Insights

A delayed settlement can have legal and financial consequences, including default interest, compensation claims or contract termination, even if caused by banks or third parties. Common causes include finance and valuation issues, paperwork errors, final inspection problems and linked transactions. In Queensland, REIQ contracts allow limited unilateral extensions and automatic short extensions for late signing, making early legal advice essential if timing is critical.

Whether you're buying your first home or selling an investment property, the conveyancing process can feel like a complex maze of legal documents, deadlines and fine print written in another language. Over our 40+ years of service throughout Queensland, we’ve seen how small oversights can lead to costly delays, lost properties and extensive (and expensive) litigation. Let's explore five of the most common pitfalls we see property transactions, and how to avoid them.