Frequently Asked Questions

What is a conveyancer and why do I need one?

A conveyancer is a licensed professional who manages the legal process of transferring property ownership from one party to another. They ensure all legal requirements are met, documents are correctly prepared and lodged, and your interests are protected throughout the transaction. Without a conveyancer, you risk missing critical details that could lead to delays, financial loss, or legal issues.

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Do I need a contract review before I buy?

Yes - having a contract reviewed before you sign is one of the most important steps in the buying process. A Contract of Sale is legally binding, and once signed, it can be difficult to make changes. A professional review helps identify any risks, unusual conditions, or issues with the property so you can make an informed decision and, if needed, negotiate better terms.

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How do I make an offer on a property?

Offers are usually made through the real estate agent, either verbally or in writing. In some cases, you may be asked to sign a contract of sale to formalise your offer. Before doing so, it’s important to have the contract reviewed and to understand any conditions you may want to include, such as subject to finance or building and pest inspections.

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When do I pay the deposit and how much is it?

The deposit is typically paid after your offer has been accepted and the contract is signed. In most cases, it is 10% of the purchase price, but this can sometimes be negotiated. The deposit is usually held in the real estate agent’s trust account until settlement. We can guide you on timing, amounts, and how to ensure your deposit is handled correctly.

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Do I need a building and pest inspection?

While not legally required, building and pest inspections are highly recommended. These inspections can uncover structural issues, safety concerns, or pest infestations that may not be visible during a standard inspection. Identifying problems early can help you avoid costly repairs or give you the opportunity to renegotiate the purchase price.

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What is a cooling-off period?

In most private sales, buyers are entitled to a cooling-off period after signing the contract. This allows you time to reconsider your decision. However, certain conditions apply, and there may be a small financial penalty if you withdraw.

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How long does settlement take?

Settlement periods can vary but are commonly 30, 60, or 90 days from the contract date. This timeframe is agreed upon in the contract. During this period, your conveyancer will prepare all documents, liaise with your lender, and ensure everything is ready for a settlement.

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What happens on settlement day?

On settlement day, the legal ownership of the property is transferred to the buyer. Funds are exchanged, the title is transferred, and the buyer can collect the keys from the agent. Your conveyancer will coordinate the entire process to ensure everything is completed correctly.