BUYING A PROPERTY IN AUSTRALIA
Many people are unaware of how they even go about ‘buying a property’.
Do I write a letter to the real estate agent with my offer, or do I sign a contract or other formal document? When do I pay the deposit? What is the standard settlement period and is this negotiable? Who do I go to first – my lawyer or conveyancer, real estate agent or mortgage broker?
Unfortunately, systems for buying a property in each state of Australia are different (there are even variations between regions within each state) so it can be a very confusing process.
For example, in Melbourne many people buy at auction, which means the contract is unconditional when the hammer falls, you have to bring the deposit to the auction and you can’t make the contract conditional upon a building inspection.
By contrast, in regional NSW you may negotiate the main terms (such as the price and settlement date) with the real estate agent, but your lawyer and the vendor’s lawyer will likely negotiate the terms and arrange for the exchange (where both parties sign and then exchange) the contract.
This is why local, expert advice is so important, and is what we are best at!
By completing the online form for us to review your contract (even if you don’t yet have a contract) we will call you, answer all your questions (free of charge) and give you some suggestions to make the process as easy as possible for you. Our clients tell us every day, our call was the best one they had, and this makes us proud. We want to share the excitement and take away a bit of the worry associated with buying a home.
We are the link that binds the process together because it’s our job to coordinate all the parties to settlement (your bank, the vendor’s solicitor and the real estate agent).
First home buyers, investors and even developers often require a caring and experienced hand to guide them through the process, to ensure they are protected and that their costs are minimised.
Wherever franchisees are located in Australia they have one thing in common – they will guide you seamlessly to settlement.
We conduct thorough searches of your new property to ensure you are not inheriting the debts of the vendor (seller). We want to make sure that the correct duties are paid to all relevant authorities and that you receive every discount, entitlement and grant available to you.
We email or post you every document you need to sign with clear, simple to follow instructions. We will even harass you to send them back if you’re preoccupied with all those other tasks that happen when buying a home! It’s our job to follow you up, not the other way round.
We start coordinating settlement early so that we can ensure settlement happens on time and stamp out problems with your bank.
You may not realise, but you do not even need to attend settlement – we do that for you.
Each step of the way we will tell you what to expect, when to expect it and what you should be doing (for example, you may have to bring in the settlement cheque the day before settlement or put the funds in our trust account).
The conveyancing process is so specialised that even some qualified lawyers and licensed conveyancers may not have the experience to deal with problems as they arise. It always surprises our clients how many variables there are and the scope and massive costs that can be associated with matters when things do go wrong. It can be a gamble choosing a conveyancer, but not with us!
Jim’s Conveyancing has chosen the very best legal and conveyancing support for our franchisees. We are highly experienced and competitive and always put the needs of our clients first. Before you start being charged extras for legal advice and penalty costs we will have done everything possible to ensure that our experts within Jim’s Conveyancing have helped. In short, it is extremely rare for our clients to need to seek legal assistance outside of Jim’s.
Properties we can assist with:
- vacant land
- units, flats, apartments, townhouses, strata, stratum, company share, community and all other types of titles
- carpark leases and license agreements
- commercial and industrial
- off the plan and newly constructed
- small to large development sites (land and unit developments)
- all other title and property types in Australia.