Beginning Stages -

We will require some documentation at the beginning of the matter to assist us with the formation of your contract of sale. This will include documents that help us form the front page of your contract we will also need to know if your property is going to auction or being privately sold.

Contract Formation -

You tell us when the contract is needed and leave it to us to have the contract distributed to the agent well in time. We will send yourself a copy of the contract before we do so.

Request for Changes -

Once there is a complete contract, prospective buyers can request changes to the contract. Changes must be agreed to by the vendor, as your conveyancer these changes are always run past you for agreeance. This is also the time where offers can be made.

Auctions -

If sold at auction, the prospective buyers should have a copy of their request for changes or the agent will. This is then physically added to the contract of sale and the contract is signed by both parties and becomes legally binding.

AND SOLD!

It is now time to finalise the contract! The contract must include the buyers details, sale price and any other negotiated terms.

Contract Review

After you’ve found the property you’re interested in, it’s time for a contract review. A contract review is very important and should never be underestimated. There are certain things to look out for in a contract review that an untrained eye would simply miss. Examples being:

• Land Tax on the property

• Flood and bush fire zones

• Restrictive covenants on title that affect the use of the land

• Easements on the land and rights-of-carriageway

• Heritage or conservation restrictions

• Riparian land affectation (the need to protect water bodies, ensure public access, and maintain ecological balance)

Just to name a few. It is our job, as your conveyancer, to highlight these findings and report back to you to then make the informed decision on what to do next. Our contract review service costs $250 (incl GST) and is waived if you are a successful purchaser of the property reviewed.

Building and Pest Report

A building and pest report is by far one of the most important steps when purchasing a property. Whether it is a strata or Torrens, it is vital. Clients have saved thousands after obtaining a report after having recognised incorrect ceiling heights, illegal structures, drummy tiles or mould. Our contact seen in the resources page is one of the best in the business and we can not recommend obtaining one.

You may see vendor produced building and pest reports, but usually they are not as thorough. As your conveyancer, we will suggest if an external report is needed or not.

Strata Report

Strata reports are accessible on most strata buildings. They are usually purchased upon viewing the listing online. Some vendor produced strata reports are not as thorough as what a purchaser strata report would be. Head to our resources to view our chosen strata inspector who can produce a purchaser strata report, these prices can range from $300-400. Strata reports are vital in getting to know what exactly you are dealing with, see below some examples we look out for:

• Building maintenance and repairs upcoming and past work

• Any upcoming special levies

• Capital works fund amount and their general financial position

• Recent general meeting minutes

• Current by-laws

It is out of our scope as a conveyancer to give you definite answers in regards to a strata report. We are trained to look important red flags but can not usually comment any further.

Request for Changes and Make an Offer

If you’re happy to move forward with the property, it’s time to review the special conditions of the contract and request changes. This process involves us, as your conveyancer, creating a set of changes to meet your needs to make this purchase happen. A sometimes lengthy process, with what feels like playing internet tennis, going back and forth with replies to the other side. Once there is a mutual agreement between parties we can now, if sold by private treaty, make an offer.

Offer Accepted?

If your offer has been accepted, congratulations! It’s time to exchange the contract. Settlement date, names on the front of the contract, inclusions should be triple checked and your request for changes should be in the contract. Only the vendors conveyancer is to amend the contract if there are any changes that need to be made. We will then give you, as our client, the go ahead and sign the contract as we want to triple, (even quadruple) check the contract is in perfect condition to sign. Do not feel pressured from other parties to sign as it is our due diligence to ensure the contract is ready, as once you sign, it is legally binding.

Cooling Off Period

At auction, there is what’s called a section 66W. This waives the cooling off period and the contract signed on auction day is automatically binding. There are instances that a section 66W is produced not at an auction and is presented to the other side for immediate exchange. A cooling off period, by legislation, is 5 business days. If requested, this can be extended to 10 days. In the cooling off period, changes to the contract are not to be made. This period is purely for obtaining a building and pest report, strata report, any other specialty services to survey the property or if you are obtaining finance we can use this period to ensure your loan is unconditional. The cooling off period expires on the 5th (or 10th day) at 5pm.

There is an expectation to know exactly what to do when it comes to purchasing a home. As there are so many aspects that are involved, it can feel very overwhelming. Head to our Service Explanations page to view some relevant information regarding what Purchasing A Property looks like through the lens of a conveyancer. However, as a first home buyer there are a couple of steps extra needed to take.

There are some requirements needed in order to satisfy applying for the Home Buyer Assistance. To work out your eligibility head to the NSW Home Buyer Assistance Finder.

There are two types of NSW state exclusive stamp duty exemption assistance for first home buyers on offer as of the moment that:

First Home Buyers Assistance Scheme

Full or partial exemption on transfer duty

Requirements

• Buying your first home in Australia.

• The value must be less than $1 million.

• You must also move into the property within 12 months from settlement and live there for at least 12 continuous months.

First Home Owner Grant (New Home)

What's on offer

• $10,000 towards the purchase price, in addition to the First Home Buyers Assistance Scheme benefits

Requirements

• Buying or building your first home.

• It's a new home that no-one has lived in before.

• It's worth no more than $600,000 (or, for a house and land package with comprehensive building contract, no more than $750,000).

• You must also move into the property within 12 months from settlement and live there for at least 12 continuous months.

Schemes that relate to deposits and are run on a federal-level should be brought up with your designated home lender.

I’m eligible for the first home buyers assistance scheme, what now?

If you are eligible for either schemes, we will apply for this throughout your matter in time for settlement. In general, funds are payable on settlement, including your stamp duty. Therefore, applying for the scheme can be done leading up to settlement.

It is then time to get in contact with your designated home lender if you are wishing to adopt a scheme in relation to your deposit, as this will make up part of your mortgage.

At Landona Conveyancing, we understand that buying a rural property in New South Wales is an exciting venture that comes with unique considerations.

Unlike urban properties, rural land may have additional complexities, such as zoning restrictions, water rights, land use regulations, and potential environmental obligations. Navigating these aspects is crucial to ensure your rural property meets your needs and complies with local laws.

Our team at Landona Conveyancing provides comprehensive support to guide you through the purchasing process. We handle all necessary checks, review contracts, and clarify any restrictions or requirements attached to rural land.

With our expertise, you can move forward confidently, knowing you have a clear understanding of your property’s full potential and legal obligations.

At Landona Conveyancing, we understand that managing the transfer of a deceased estate is a delicate and often complex process.

In New South Wales, transferring property after someone passes away usually requires a Grant of Probate or Letters of Administration, which gives the executor or administrator authority to manage and distribute assets, including property. Navigating these legal steps can feel overwhelming, but our team is here to guide you every step of the way.

We handle the necessary documentation, lodge transfer applications with NSW Land Registry Services, and ensure compliance with all legal requirements. By working closely with executors and beneficiaries, we aim to make the process as smooth and respectful as possible, allowing you to focus on what matters most during this challenging time.

At Landona Conveyancing, we’re dedicated to providing a supportive, personalized approach to help you honor and preserve the legacy of your loved one.

When you transfer a property whether it's a house or land you are essentially transferring an interest in the property's title, which is recorded on the Torrens Register in NSW.

We'll assist you with the conveyancing process and help you complete the transfer document.

If you’ve purchased a property in New South Wales, you may decide to add a covenant to the title, often to protect the value or future use of the land. This could be for reasons like preserving privacy, maintaining aesthetic standards, or ensuring that neighboring properties adhere to specific guidelines. Adding a covenant after purchase is a legally binding process and requires registration with NSW Land Registry Services to be enforceable.

The process involves drafting a covenant agreement that clearly states the restrictions or requirements, which must comply with local planning regulations and be agreed upon by affected parties, such as neighboring landowners or the local council.

Working with a conveyancer can help you navigate this process by preparing necessary documentation, ensuring compliance with legal standards, and registering the covenant on the property title.

Once registered, the covenant becomes visible on the title record, which informs future buyers of these restrictions and protects your interests long term.