Buying Property

Buying property is one of the most stressful and expensive things you will ever do. It’s vital that you seek legal advice from someone experienced in property law and who knows the area.

Before You Start

The first round of decisions you will likely need to make is in regard to finance. Make sure you read everything thoroughly, from the pre-contractual statement which outlines the fees and charges to which you’ll be subject to the actual mortgage contract itself. Remember you are entitled to legal advice and are under no obligation to sign anything on the spot.

Pre-purchase Inspections

Once you have found a property you like, you will need to arrange a pre-purchase building inspection report and perhaps a pest inspection report. These are written reports about the condition of the property and helps you find out any potentially costly problems. You may be able to use this information to negotiate a reduction in the purchase price. If you’re not sure who to trust to do this inspection, talk to your lawyer. They will be well aware of which inspectors are worth hiring.

Making an Offer

If you’re happy to proceed, you can make an offer. You might be asked to pay a small sum as an initial deposit, but this is fully refundable if you don’t end up signing the contract. It does not mean that the property is yours yet either, as the agent can take other offers.

Signing the Contract

If your offer is accepted then take the contract you’ve been given to your lawyer/conveyancer and discuss your situation with them. There may be several things that can be negotiated in your favour, and you need to be absolutely clear on your rights and responsibilities before signing.

When you do sign the contract you will need to pay the 10% deposit, unless your lawyer/conveyancer has negotiated a special condition otherwise. This is held with the real estate agent and is released to the seller after the property is settled. If you don’t have 10% available your lawyer/conveyancer can advise in regard to getting a deposit guarantee in lieu of the cash.

Settlement

After the contract has become binding, your lawyer/conveyancer has a number of tasks to perform including:

  • Arranging payment of stamp duty
  • Liaising with the lender in regard to the mortgage
  • Checking with various government authorities to see if they have a vested interest in the property
  • Checking to see if there are any outstanding debts to local council
  • Calculating adjustments for council, water and strata rates
  • Making final checks on the title

On settlement day your lawyer/conveyancer will attend a meeting that will include the seller’s lawyer/conveyancer as well as any lenders involved and the funds will be handed over in exchange for the title and the keys.

Contact us to discuss the specific property you are considering buying.

ONLINE ENQUIRY

Let us contact you to arrange an appointment for a 30 minute Consultation

Thank you for your message. It has been sent.
There was an error trying to send your message. Please try again later.

Contact Us to Book Appointment

Book an Appointment

Joanne is very diligent in making sure all legal aspects are fully satisfied. Easy to do business with. Happy with the probate support she provided.
Wes Kosior
Wes Kosior
2021-07-07
I am very happy with the service provided to my business. Daniel Lawyers & Associates went out of their way to ensure all transactions fulfil with care. Highly recommend Daniel Lawyers Service to anyone/business. Thank you so much Sinan and the friendly team.
PASEFIKA Link
PASEFIKA Link
2021-05-31
I have had a very good discussion with Sinan who explained absolutely everything is great detail. I have obtained all that I need to decide on how to proceed going forward. He's very nice and courteous and a good listener. Totally enjoyable session and I have no issues getting his service again if need be in the future. Regards, Khanh
khanh tran
khanh tran
2020-12-08
Thank you very much It was a pleasure dealing with Danial lawyers (Sinan Daniel)
rasha suliman
rasha suliman
2020-08-25
Joanne is one of the most polite, caring and understanding legal professionals I have ever had the pleasure of dealing with. She turned what looked like a non-winnable case into a successful case. I found her amazing, understanding and very considerate to the circumstances that had occurred. I would recommend her to anyone without a second thought. My sincere thanks Joanne.
Marie Paget
Marie Paget
2020-06-25
Thankfully we have had very little dealings with lawyers so really wasn’t sure what to expect when engaging Joanne and her team to assist us with probate and the sale of our estate. I sent out several web enquiries and Joanne was only one of a very few that responded. So without hesitation we engaged the practise. Joanne is incredibly efficient with most emails literally getting answered within 30 seconds. She answers all queries with consummate professionalism and at no point have we been left wondering how things work during this very arduous process. Sometimes if we had forgotten to sign a form she would even send a staff member over to home to get us to sign. We have both been overwhelmed at her service and also the fees which are so much less then the bigger firms. We would recommend her and her team in a heartbeat.
Jas P
Jas P
2019-03-27
Joanne was a very professional throughout my legal process and she was very confident when she was giving me the legal advise. I'm very satisfied customer and i wish Joanne very best in her business and her family.
kice markovski
kice markovski
2018-05-11