Property & Conveyancing
Our Services
We assist with all aspects of conveyancing in Sydney & NSW.
- Contract Review
- Purchase & Sale of residential property
- Strata Units & Townhouses
- Off the Plan transactions
- First Home Buyer Assistance Schemes
- Company Title
- Options including Put and Call Options
- Aged Care Accommodation
Daniel Gattuso
Solicitor
8+ years helping Sydney clients - from first home buyers to developers. Local to Leichhardt and Sydney's Inner West, formerly practising in Sydney's Eastern Suburbs. I handle each transaction with the same attention to detail.
Free Conveyancing Quote - No Hidden Fees
Most quotes provided within 2 business hours. Prefer to Speak? Telephone us on 9698 9160.
Frequently Asked Questions
Is it necessary to have a contract reviewed Before it is signed?
Yes, you should always ask a lawyer to review a contract before you sign it. In some circumstances, such as at auction, you will be immediately bound by the contract without any cooling-off period, meaning you cannot exit the contract.
It is critical that you seek advice as soon as possible before you intend to make an offer or attend an auction, to enable you to obtain advice and seek any amendments to the draft contract. You may also wish to obtain a Building and Pest Report, and/or a Strata Report or make other enquiries before you sign a contract.
Do I need a lawyer or conveyancer?
Both a lawyer and conveyancer can handle standard aspects of a standard property transfer. However, a lawyer can also advise you on legal issues such as complex or unusual contract terms, vendor disclosure requirements, and easements and title issues.
A lawyer can also manage any dispute that may arise in the course of your transaction, whereas if you engage a conveyancer you may have to seek the advice of a lawyer mid-transaction, at additional cost.
For most people, buying or selling a property is one of the biggest financial decisions you will make. Proper legal advice can help you avoid making costly mistakes, manage risks, and ensure your transaction runs smoothly.
How long will the conveyancing process take?
Settlement is the date that the vendor receives the purchase funds and hands over the legal ownership of the property to the purchaser.
In New South Wales, settlement is usually scheduled for 42 days (or six weeks) from the date the contract was made. However, the exact date will depend on the terms of the contract which sometimes provided for shorter or longer settlement periods.
Purchasers should not assume that a vendor will agree to change a settlement date after contracts are exchanged. Failing to settle on the date required under the contract can result in payment of interest and the vendor’s legal fees for late settlement. In the worst case scenario, the vendor may terminate the contract, keep the deposit and sue for breach of contract.
Similar considerations apply to a vendor who must be ready to give vacant possession (if required by the contract) and to discharge their mortgage on the settlement date.
In the case of extended settlements, purchasers should be aware that they may be required to pay stamp duty before the settlement date. In that case, the purchaser must have funds to pay the stamp duty funds prior to settlement to avoid penalties and a high rate of interest on late duty for late payment.
It is important that you receive legal advice as soon as possible if you are considering a property transaction. Get in touch with us to enquire about how we can assist you in your matter.