Buying

We understand buying your dream house, or investment property can be a stressful time. There is so much to consider and organise the last thing on your mind will be the legal paperwork. That’s where we are here to assist.

More info on buying

You have looked everywhere and finally found that perfect home, vacant land, dream townhouse or unit and are ready to make an offer or attend the auction. We are only a call away to begin the Contract Review!

Prior to exchange or auction it is imperative you have completed all of the additional searches and inspections offered to you for the property and obtained your loan approval (if required). When the Contract amendments have been agreed, reports are in order and your loan formally approved we can arrange exchange of contracts for you.

Not every transaction runs by the book, that’s why we are here to help guide you with your transaction tailored to your own unique circumstances. Whether your purchase is by Private Treaty or Auction we can answer your questions and help take the stress out of the entire transaction.

The stages of the buying
process generally includes

STAGE 1: Contract Review

STAGE 2: Exchange

STAGE 3: POST EXCHANGE

STAGE 4: Settlement

STAGE 5: POST Settlement

Once provided the Contract for Sale we will review and advise on same, we will request amendments to the Contract for Sale on your behalf and negotiate its terms.

When you buy Real Estate in NSW you are entitled to a 5 day cooling off period wherein you pay 0.25% of the deposit and secure the property for 5 business days in order to allow sufficient time for you to arrange pest and building or strata reports. Most financers will require this period in order to perform a valuation and issue formal loan approval. Before 5pm on the 5th business day you must pay the balance of the 10% deposit.  In the event you do not wish to proceed with the Contract for Sale you will forfeit the 0.25% to the Vendor.  Alternatively you can exchange and waive the cooling off period with a signed 66w certificate from our firm, this means you enter unconditionally into the Contract for Sale. There is also no cooling off period at Auction and it is therefore advisable for the Contract for Sale to be reviewed and all searches ordered prior to attending the auction.

Following unconditional exchange we will arrange to meet with you to conduct a Verification of Identity, additional required documentation and take your instructions on post exchange searches on the title, we liaise with your incoming mortgagee, accept the PEXA workspace and prepare the necessary documents within same and additional documents for your signature. We arrange for your contract to be stamped in readiness of settlement.

Our team will prepare draft settlement figures and submit to the Vendors solicitors for approval, confirm settlement date with your bank, ensure funds are ready for settlement, arrange with you the balance of monies required for settlement and account to you.

Finalise your matter by sending final settlement statement and post settlement letter.