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Purchase of Property

Conveyancing – Purchase and Sale of Land NSW

Offer and Acceptance:- The first step in securing your  property is contacting the Real Estate agent and having your offer accepted by the Vendor.  Whilst the Contract for Sale of Land is prepared the following steps may be completed.

Secure your finance

Pest and Building Report

Septic Tank report

Strata document inspection

Local Council record inspection

Payment of Deposit to the Agent

Calculate Stamp Duty; http://stampduty.calculatorsaustralia.com.au/

 

EXCHANGE

Exchange of contracts occurs when both the Vendor and the Purchaser have agreed to the terms of the contract and the purchaser is satisfied with their searches and has established finance.  The Purchaser pays the deposit to the Real Estate Agent and both parties sign their contract.

Deposit in NSW is usually 10% of the sale price.  Other amounts may be agreed to through negotiation.

In NSW the cooling off period is  waived when the purchaser’s solicitor signs a s66W certificate at the request of the Vendor for residential properties.  Should the property be purchased by way of Auction there is no cooling off period.

Stamp Duty is due and payable unless an exemption applies.

http://stampduty.calculatorsaustralia.com.au/

 

Settlement occurs 28 days from the day of exchange OR as per the agreed settlement length which appears on the front page of the contract for sale of land.  Some contracts are 45 days and others have a fixed date.  These terms are negotiated prior to exchange.

SETTLEMENT

Contact your agent prior to the day to arrange inspection of the property.  Should any issues arise they may be rectified prior to settlement day.

At settlement the Council rates, water rates and any other amounts owing by the Vendor will be calculated paid at settlement.

Council rates will be paid in full  up to 30 June of the following year.

AFTER SETTLEMENT

Once settlement has occurred you will be notified and you shall be provided with the keys to your new home.

COST

We offer fixed price Conveyancing $990 plus gst and disbursements for purchases of property less than $500,000.  Call our office today for more information. (02) 6622 2201

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About Us

Paul Denmeade & Co is a small and dynamic practice with extensive experience in providing legal services to the northern New South Wales region.

We also service the greater New South Wales area for all property transactions.

Contact Us

2/98 Woodlark Street, Lismore NSW 2480
PO Box 1337, Lismore NSW 2480
(02) 6622-2201
(02) 6622-2431

[email protected]

What We Can Help With

  • Business & Commercial Law
  • Civil Disputes & Litigation
  • Conveyancing & Property
  • Court Representation
  • Divorce & Family Law
  • Wills & Estates

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