Our team has extensive experience in Conveyancing throughout NSW and Australia, and will be able to help you every step of the way with expert advice. 

Buying Property - 5 things you need to have!
Considerations when Selling a Property
Purchasing a Business

Buying property - 5 things you need to have!

Finance

Before you even look for a property, speak with your bank or broker to determine exactly how much you can borrow, and hence the price of property you can afford.  Don't wait until the cooling off period to be denied approval by your bank.

Have all documents reviewed

Before you sign anything, make sure one of our team members have reviewed it.  You would be amazed the amount of times we receive a call on Monday morning from a Client informing us they have committed themselves to purchasing  a property worth over a million dollars, without even having the contract reviewed.  Save yourself the headache of requesting changes AFTER you have signed the contract to which the vendor may not agree.

Inspections

Most properties, no matter what their age, will require a building and pest inspection prior to exchange, or even bidding at auction.  We don't want you to have any nasty surprises, or hefty fees, and will arrange these inspections for you.

Know the type of sale conditions

Many properties are now being sold under auction conditions.  Prior to bidding at auction you need to be prepared to do the following:

• Request any changes to the contract prior to auction day. You can do this by communicating with us, and we will liaise with the vendor's solicitor.
• Know that the bidding is final, and unless passed in, the winning bidder will need to present the deposit immediately.
• There is no five to ten day cooling off period for you to arrange finance and inspections - these need to be done prior to auction day. 

If the property is being sold by private treaty, first let us review the contract for any changes prior to signing, and then we will arrange the pre-purchase inspections and conduct the necessary due diligence prior to the completion of the cooling off period.

Buying a property for a self managed super fund (SMSF)?

Further information about purchasing property for your SMSF can be found on our Self Managed Super Funds page. 

Considerations when selling a property

Your Agent will require a contact

Prior to marketing your property, your Agent will require a completed contract.  Let us know as soon as you decide to sell your property and we can start to perform your searches and prepare your contract.

Choose your agent

Choosing the right agent will be one of the most important decisions to make when selling your house.  Your agent will be in charge of advertising, showing your home to prospective clients, negotiating with purchasers and selling your property.  You will need to put a lot of faith in your agent, and it is important to find someone you are comfortable with.

Preparing for inspections / open homes 

Prospective purchasers will want to view your home prior to making an offer.  Your agent will arrange for inspections by appointment with individual purchasers, or perhaps a series of open homes leading up to auction.  Either way, you will want your home to be dressed to sell.  Make sure you maximise each of the following:

• Kerb Appeal
• Outdoor and entertaining space
• Natural light
• Pleasent scents
• Remove traces of pets
• Dust, clean and wash windows
• And lastly de-clutter, de-clutter, de-clutter!

Purchasing a Business

It is crucial that you obtain legal advice prior to entering into a contract for the purchase of a business.

Five things you need to consider when buying a business are:

1. Motivations for the vendor’s sale. That is, why is the business being sold.
2. What exactly are your buying. A business is a general term and thus the components need to be established, for example, the lease, the business name, the client list etc.
3. The price break down and the implications for stamp duty, GST depreciation etc.
4. Restraining the vendor. validly restraining the vendor from competing for a specified time or area.
5. Obligations under the contract and lease, if any.

Every business is different and may have its own licensing or other requirements.  Make an appointment and our team will be able to assist you through the process.