Buying a home is one of the most stressful and expensive things you will ever do. It’s vital that you seek legal advice from someone experienced in property law.
Before You Start
The first round of decisions you will likely need to make is in regard to finance. Make sure you read everything thoroughly, and request full details of the fees and charges to which you’ll be subject. Remember – you are entitled to legal advice and are under no obligation to sign anything on the spot.
Once you have found a property you like, you may wish to arrange a pre-purchase building inspection report and perhaps a pest inspection report. These are written reports about the condition of the property and help you find out any potentially costly problems. We recommend including conditions in the Contract, before it is signed, as to building and pest inspections. Speak with us regarding the wording of these conditions.
Making an Offer
If you’re happy to proceed, you can make an offer. It does not mean that the property is yours yet, as the agent can take other offers.
Signing the Contract
If your offer is accepted then bring the contract to us at Beaumaris Law and discuss your situation with us. You need to be absolutely clear on your rights and responsibilities before signing.
After the contract has become binding, we have a number of tasks to perform including:
- Liaising with the lender in regard to the mortgage
- Checking with various government authorities to see if they have any 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 we will attend to settlement on your behalf.
Contact us to discuss the specific property you are considering buying.