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Residential properties

Providing quality conveyancing services in Northern Rivers

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Rural properties

Providing quality conveyancing services in Northern Rivers

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Commercial properties

Providing quality conveyancing services in Northern Rivers

Quality Buying With Neilen's Conveyancing Northern Rivers

 

Buying a property is one of the biggest financial investments you will make in your life. With the friendly and experienced team from Neilen's Conveyancing Northern Rivers on hand to help manage your property purchase, we can make sure you reach a settlement on time. We can assist with residential property buying, rural properties (including transfers for interfamily sales), commercial properties and even buying businesses. Our conveyancers are licensed to work all throughout NSW and are residential and commercial experts.

RESIDENTIAL BUYING

PURCHASING SHARES IN RURAL PROPERTY

OFF PLAN PURCHASING

PURCHASES OF COMMERCIAL PROPERTY

BUYING BUSINESSES

PURCHASING INDUSTRIAL PROPERTY


 

STEP BY STEP GUIDE TO PURCHASING RESIDENTIAL PROPERTY, VACANT LAND, RURAL PROPERTY

 

OFFER AND ACCEPTANCE

 

Firstly what occurs in the initial stage of purchasing a property in New South Wales is that you make an Offer to Purchaser, this is usually submitted by the real estate agent to the Vendor (Seller). Should the Vendor accept the offer, the real estate agent will then provide our office with the sales advice. This will have all the details of the negotiations between you and the Vendor for example, what is included in the sale and what has been excluded from the Sale. Once we have received the sales advice from the Real Estate, we will then make contact with you to confirm all the details on the Sales advice, and seek further details i.e. contact details.

Prior to Contracts Being Issued

 

Prior to the contract being issued and received by our office, you should make all necessary inspections of the subject property. We highly recommend that you engage a professional and licensed business to conduct your inspections on your behalf, these include:

1. Pest Inspector;

2. Building inspector;

3. Plumber (for septic Systems and to check on house plumbing work

    ensuring no issues);

4. Local Council (who can do inspections on swimming pools,

    buildings and plumbing work).

The inspections should be carried out once your offer has been accepted by the vendor so the contract process is not delayed and a cause for being overtaken by another purchaser is eliminated.

Contract Issue

 

Once we have received your contract, we will peruse the terms and conditions, ensure that there are no inconsistencies. We will make sure that the contract reflects the sales advice. When the contract is issued and we will require your financier details if you are obtaining a loan so that we can send off all necessary documents to the financier in order for you to obtain your formal approval. Formal approval of finance is required prior to exchange of contracts.

Exchange of Contracts

 

Once you have received all your reports, are happy with the results, and you have received formal approval from your financier, then we will proceed on your instructions to the exchange of contracts. This means that you are then contractually obliged to fulfil the obligations in the contract. The vendor will require a signed Section 66W prior to exchange to waive the cooling off period. Once we have exchanged, you will then be required to ensure your property and we will conduct all necessary searches on the property. Once the searches are received we will then advise you of the results.

Settlement

 

The settlement is the completion of the transaction. While exchanging contracts a settlement date is usually agreed to, this date is most commonly 28 days after exchange unless otherwise agreed too. At the settlement, everything that you owe the vendor is paid in order to settle the purchase of your property. The amount owed will be a combination of any utility bills and taxes that we will calculate for you.

 

You don’t have to be present at the settlement. We will meet with the vendor’s solicitor and make sure they have everything we need for the sale to go ahead. Also, a representative from your bank (as well as the vendor’s bank) will attend if you’re taking out a mortgage to pay for the property. Once a settlement is complete, we will contact you and the real estate agent. Once the agent receives this notice they can hand over the keys to your new property. 

For trusted, professional conveyancing, call us on (02) 6621 7755