Whether you’re a buyer or seller, developer, investor, tenant or landlord, G & S Law Group makes it our business to understand you and exactly what you want to achieve.
We provide a vast array of property and conveyancing law advice and services across the commercial and residential sectors, some of which includes:
- Buying and selling residential and/or commercial property;
- Commercial and retail lease agreements;
- Subdivisions and property development.
We will also assist you in arranging your finance, pest & building reports, surveys, strata reports. If this is the first time you are purchasing a residential property, please see below to view our purchase checklist.
We assure all our client of our firm’s reputation for value services delivered by quality people. Please feel free to contact our office for an obligation free consultation or click below and a solicitor will contact you within 24 hours.
Step 1 – Is this the property?
Once you determine that you have found a property you want, some of the things buyers should consider include:
1. Can I afford to purchase this property?
Talk to your bank or mortgage broker (link to Joe’s website) and work out how much you can borrow. It is recommended that you obtain a pre-approval from your bank before you sign a contract.
Take into account expenses such as stamp duty, buyer agent fee’s, legal fees, bank fees etc which will be payable in addition to the purchase price.
2. Is it a lemon?
In order to ensure that you are getting a good deal and not a lemon, we recommend you arrange a pest and building report, survey, and/or council inspection on any property you are considering purchasing.
Step 2 – Sealing the deal
Once you have decided on the property, the agent will ask you to sign a contract for sale, which will have the agreed price on the front page. You are not legally bound to go ahead with the sale until the contract is signed and accepted by the Vendor.
Step 3 – Due diligence
If the property has not been purchased at Auction then you are entitled to a period of “grace” (also known as “the cooling off period”) whereby you can pull out of the contract and only lose 0.25% of the purchase price.
Therefore you need to provide the agent with our office details immediately, so that the exchanged contract can be reviewed by one of our Lawyer’s. We can then advise on the details of the property and negotiate amendments for you which could potentially cost you money and emotional stress now and in years to come.
We can also assist you in ensuring that you have obtained reports on the building finance etc; within the cooling off period.
Step 4 – This is the one!
If you are prepared to proceed with the purchase, after undertaking your due diligence and satisfying yourself as to the terms and conditions of the sale, then the agent (if any) will require you to pay the balance of the deposit for the purchase.
You can be assured that you’re in good hands and leave the rest to our Firm.
Click here to make an enquiry now.