Let us handle the details!
We offer competitive fees for all conveyancing matters. You will have an experienced Property Lawyer prepare all documents for your home purchase or sale. You will be kept informed of the progress throughout. Contact us now for a quote!
Contract Review & Negotiation Before Purchase
Your contract will be reviewed by an experienced Property Lawyer who will go through it thoroughly and contact you within 1 business day highlighting areas to note and anything that needs your attention.
Buying Property
How do you buy and sell property in NSW?
Buying or selling a property can be daunting and complicated. Many of our clients find it quite overwhelming because of the sheer number of documents required for the transaction. As part of our service, our Property Lawyer will provide you with professional and experienced knowledge on navigating the purchase or sale of your property. We aim to make buying or selling a property as simple as possible and will endeavour to ensure that the process runs smoothly from start to finish. That’s what we call value added conveyancing!
What does "Off the Plan" mean?
When it comes to property, in Australia the majority of people buy properties that are already built. Many new homes however are sold ‘off-the-plan’. Buying a house, apartment or townhouse ‘off-the-plan’ means agreeing to enter a contract to buy a property that is yet to be built.
Typically, purchasers pay an initial 10% deposit, with the balance of funds not due until construction is completed. Construction time can be short or long ranging from a few months or years – with houses generally completing faster, and apartments taking longer. As in all property purchases, there are benefits as well as risks involved.
Contact us to discuss how our conveyancing services can work for you.
What is a "Cooling Off" period?
When you sign a contract for sale, you’ve agreed to buy a property. However, in NSW, property contracts have a mandatory “cooling off period” unless the property is sold at auction or under auction conditions. The minimum cooling off period is usually five (5) business days or ten (10) business days if the contract is ‘off the plan’ with the option to extend cooling off by agreement between the parties.
Bear in mind that during the cooling off period, if you have a change of mind and want to withdraw from the contract, then you will forfeit an amount equivalent to 0.25% of the purchase price.
The purpose of the five (5) business day cooling off period is to generally enable you to:
- Seek the advice of a solicitor on the contents of the Contract
- Ensure that your finances are formally approved
- Obtain any building, pest or strata reports.
If you choose to exercise the option of cooling off, what this means is that you will forfeit your 0.25% deposit to the vendor, but will no longer be legally bound to go ahead with the purchase.
You can always choose to waive the cooling-off period by agreement. If cooling-off is waived, the contract immediately becomes binding on you and you waive your right to withdraw from it.
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Reports to consider purchasing when buying a property
When purchasing a property, some of the reports which we recommend should be purchased include:
- a Pest Report – a pest report is carried out by a qualified pest specialist. No work is done on the property but the report contains information as to any present or past infestation by pests such as termites.
- a Building Report – again a qualified building inspector carries out a full inspection of the premises and reports as to its state of repair.
- Engineering Reports – these are normally obtained where a Building Report makes mention of structural damage to the property.
- a Survey Report – this report is obtained to confirm that the structures upon the property being purchased sit wholly within the block. It will also confirm whether any structures upon adjoining properties encroach upon the property that you are proposing to purchase.
- Building Certificate – this is a Certificate obtained from the local council to confirm that council will not make any “upgrade or demolition orders” in relation to any structures upon the property. A building certificate is obtained from the local council to confirm if the council intends to or will not make any “upgrade or demolition orders” in relation to any structures upon the property.
It is up to you to decide whether or not you obtain all or any of the above reports. Contact us using the button below to find out more and we will be in touch very soon.