Yes. We give free legal advice on a contract for sale for a property purchased by private treaty or at auction.
We can advise you on most contracts within 24 hours either in person by appointment or in writing.
A cooling off period is the right the buyer has to cancel the agreement within 5 working days. It offers some protection to buyers that may have rushed into a contract and can be used to finalise financial arrangements, obtain property reports (for example, building, pest or strata reports) and to gain legal advice on the contract from our office. Cancelling the agreement (or rescinding, as it is also known) will cost the buyer 0.25% of the purchase price. The cooling off period does not always apply (at auction, for example) and can be waived provided a Section 66W Certificate is signed by a conveyancer who has briefed the buyer with regard to the implications involving waiving the cooling off period.
Yes, unless you are an eligible first home buyer. To calculate the stamp duty payable please visit: https://www.apps08.osr.nsw.gov.au/erevenue/calculators/landsalesimple.php or for first home buyer benefits please visit: https://www.revenue.nsw.gov.au/grants-schemes/first-home-buyer.
Settlements now occur via PEXA which stands for Property Exchange Australia. PEXA is a national online system which provides for electronic settlement of property transactions including payment of settlement monies, duties, taxes and any other disbursements and it also allows for electronic lodgement of dealings to the Land Registry Services office which will change over the ownership of the property. PEXA Key tracks settlement in real-time. Instant notifications keep you informed. We can keep you updated on the progress of your settlement whereby you can track your settlement via an app.
Disclaimer: The answers to these frequently asked questions are for information purposes only and must not be relied on as a substitute for legal advice.