Nadine was on time for our meeting which is really important to me.  She was able to explain a variety of options regarding my situation and now I have a clear direction moving forward.  I highly recommend Nadine.

Peter

Nadine is detail oriented, practical and direct.

Engaging with her is easy, productive and produces clear results.

Always available and extremely knowledgeable…not sure how this messy transaction would have gone through without you!  Very lucky to have been referred to you by the Agent! Cheers!

Rick

Buying a home...

…will be one of the single largest financial decisions you will ever make. It’s vital that you are clear from the start about what you need to negotiate and what you are prepared to accept.

The Real Estate Lawyer will give you clear and concise advice.

Before making an offer, Contact us to discuss the specific property you are considering buying.
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.

Conditions of Contract

The usual conditions of contract include:
  • Acquiring a building and pest report satisfactory to the buyer (usually 14 days); and
  • Securing finance to complete the sale and on terms satisfactory to the buyer (usually 14-21 days).
Building and pest reports are written reports about the condition of the property, helping uncover 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 The Real Estate Lawyer. We are well aware of which inspectors are worth hiring.

Making an Offer

If you’re happy to proceed, you can make an offer. There may begin the process of negotiation whereby you and the seller will make counter offers. Remember the agent can take other offers until the Seller accepts your offer.

Signing the Contract

When you do sign the contract you will need to pay a deposit. A very small initial deposit is recommended until the Contact is unconditional to reduce your risk of losing a great deal of money should the contract fall through. Usually, a deposit is held by the real estate agent and is released to the seller after the property is settled.

Searches

When you do sign the contract you will need to pay a deposit. A very small initial deposit is recommended until the Contact is unconditional to reduce your risk of losing a great deal of money should the contract fall through. Usually, a deposit is held by the real estate agent and is released to the seller after the property is settled.

Settlement

After the contract has become unconditional (meaning all the conditions of contract have been satisfied), your Real Estate Lawyer has a number of tasks to perform successfully in order to effect settlement 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 Real Estate Lawyer will attend a meeting that will include the seller’s lawyer as well as any lenders involved and the funds will be handed over in exchange for the title and the keys.