Buying a Home
What is involved when buying a home?
- Review of contracts (up to 4);
- Organising pre-purchase inspection reports i.e. building and pest inspections and strata inspection reports;
- Assisting lender in obtaining formal loan approval if required;
- Carry out an identification check(s) as required under Legislation;
- Payment of stamp duty;
- Obtaining all necessary searches and certificates in readiness for settlement;
- Liaising with the Vendor’s solicitor/conveyancer and financial institution in organising settlement, calculating settlement figures, and bringing the matter to a successful completion.
inc GST & disbursements
First home buyer? Get $100 off our professional fees.
Do I need a building and pest report?
It is highly recommended that these reports are obtained. A building inspector will check for items such as leaking showers, the condition and structural soundness of the property and any other items that may potentially become problematic. A pest inspector will check for any termite or pest activity that could be affecting the property. Both reports will advise their recommendation(s) regarding any issues that require attention i.e. further pest treatment or the need to consult a plumber. These reports provide you with piece of mind that you are purchasing a property at a fair and reasonable price.
What report do I need when purchasing a Home Unit?
Should I get finance pre-approval?
What happens when the Vendor accepts my offer?
When is a Contract dated?
When is the deposit paid?
Can I pull out of the Contract before the cooling off period expires?
Can the Vendor pull out of a Contract exchanged with a cooling off period?
How long is the cooling off period?
How much is stamp duty?
Stamp duty is a government charge that is payable by the Purchaser and is calculated on the purchase price and is assessed on a scale rate.
Click on the following link to see how much stamp duty will need to be paid on your purchase.
If you are a First Home Buyer, you may be entitled to an exemption or concession from duty under the First Home New Home Scheme or the First Home Buyers Assistance Scheme. Click on the following link to access Revenue NSW’s factsheets and stamp duty calculator.