When purchasing a house, unit, investment property, vacant land or off the plan (plan of subdivision), Scott Legal can assist you.
Scott Legal offers a complimentary service to check and review up to 3 Contracts of Sale and Vendor’s Statements before you sign, ensuring you are fully aware of what you are buying and also to provide an opportunity to add any appropriate clauses. After 3 reviews and for off the plan purchases, a small fee will be charged to review and advise on the contracts.
Before bidding at auction we strongly recommend you have the Contract of Sale and Vendor’s Statement reviewed. Once your bid is accepted at auction there is no opportunity to amend the Contract terms and you are legally bound to purchase.
If you are purchasing other than at auction, you have 3 business days’ cooling off from when you sign the Contact of Sale. We strongly recommend you use our complimentary service to review the Contract and Vendor’s Statement prior to expiry of the cooling period to ensure you are fully aware of what you are buying and also to provide an opportunity to add any appropriate clauses.
It is also very important prior to signing the Contract that you inspect the property thoroughly, including: heating and cooling; light switches; fans in bathrooms; cooktop, stove and rangehood; hot and cold water, as well as windows for cracks and walls to ensure no holes or significant marks. The condition of the property at the time of signing the Contract should be consistent with the condition on the day of settlement. You should also check the land boundaries to ensure the measurements on the plan are correct. Once you sign the Contract, you accept the property in its current condition.
Scott legal charges a fixed fee plus disbursements covering the start to end process of conveyancing including:
- Review of documents and advice
- Liaising and providing guidance to you, keeping you updated throughout the process
- Communication with your real estate agent
- Communication with the vendor’s representative
- Communication with your lender
- Assisting with exemptions regarding first home owner’s grant, pensioner exemptions and principal place of residence
- Electronic conveyancing via PEXA
- Duties Online via State Revenue office
- Notifying the relevant council, rating authorities and body corporate of change in ownership
It is recommended that once you have assets in your name (purchasing a home is an asset) you should prepare a Will. Scott Legal can also provide this service to you should you require a Will.
Review contract & purchase of lifestyle village accommodation
Scott Legal can review and advise you regarding the Contract. If you decide to go ahead with the purchase, we can also assist you with the process.