Make sure you know your borrowing limits upfront, have the residual amount available and know you are well on your way to an unconditional approval – If you do not understand any of these terms, give me a call.
A property is more than a glossy picture & those hired designer rugs could be hiding a water stain or mould. Check what is on the advertised floor plan and what is at the property match.
If there is a granny flat at the back and not on the floor plan or the contract, chances are it’s not approved. Inspect at different times and take a cynical friend; this is their time to shine.
Generally, it’s a Pest and Building; for Units and Town Houses, its Strata. These reports are invaluable, and if you do not understand what you are reading, ask someone who does. This is not Year 2 Recorder lesson; there are consequences for not asking questions.
BEH Conveyancing allows for 5 contract reviews per purchase, and we can advise on Contracts in less than 24hrs, including Saturdays!
The contract is critical to your Conveyance. The contract has special conditions that can affect your deposit, cooling-off periods, interest on late completion, sewerage diagrams and 10.4 Planning Certificate. Most Conveyancers do not provide this detailed advice or negotiation pre-Conveyance.
Consider this if you are looking to build a 3 level Hampton style house in a row of Innerwest Terraces; this might not be the property for you. BEH Legal works with our clients to understand what they want not just for now but also in the future.
Conveyancing is very much Buyer Beware! It is up to you to do all your due diligence, and at Auction, there is no Cooling-Off Period which means there is a real chance you could lose your deposit if you cannot complete your Conveyance.
In simple maths, this translates as follows. You buy a $500,000 very (very, very) small unit in Sydney, and you can lose $50,000, a lot of savings for a very (very very) small unit that you do not want. This is not online shopping, and there is no return policy nor a 30 day free trial period.
Keep this Checklist front of mind whilst sipping your Latte to ensure a smooth conveyance.
BEH Legal provides a be-spoke Conveyancing experience that coordinates and recommends industry professionals to ensure your first home purchase is a great experience.
As a solicitor, I listen to clients to get the best outcome. Contact me and help me navigate your Conveyance and get you those keys to your first home.
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