Property Buying Conveyancing by SD Conveyancing in Parramatta, NSW
- AFFORDABLE ONE-TIME PAYMENTS
All our services are nominally priced and come with no hidden costs; what you see is what you pay - CUSTOMISED SUPPORT
Personalised support and guidance of an experienced professional Conveyancer always.
- SATISFIED CLIENTS
Long list of happy, satisfied, and returning clients in the individual, business, and corporate sector. - FAST-TRACK CONTRACTS
Offering priority-based contract preparations.
Plan Property Conveyancing in Parramatta, NSW
When you need property Conveyancing in Parramatta, choose only SD Conveyancing. Our Licensed Conveyancer will handle all your property related matters. We not only review your sale of contract, but we will make you conscious about its advantage and disadvantages. We can help you redraft the contract in a short time with better proposals. Our team will also help finalise all the details in the contract and run it by you to see if it’s good to go. All this is done by a team of professionals for an affordable and fixed professional fee.
First Home Buyer Conveyancing in Parramatta, NSW – SD Conveyancing
At SD Conveyancing, we assist First Time Home Buyers daily. We understand that you are new to buying a property and have many queries and apprehensions about it.
Our team of experts will guide you through the entire process, working closely with you every step of the way so that you are always in control of the purchase. To make matters simpler, we will be offering you our Property Purchase Conveyancing Guide. We can help you to take care of some of the tasks from the checklist:
Fine points & What to Do
CONTRACT OF SALE
A contract is the main legal document that is required carry forward any process. NSW Law requires that a contract of sale must be ready to be provided to potential purchasers before a property is marketed. So, when you plan to buy your first home , ensure that you ask for a Contract of Sale from the Real Estate Agent and forward it to us. We will review the contract and explain the finer points of what it contains. This will help you gain a much better understanding of what your legal commitments are when you buy the property as a first buyer.- CONVEYANCING FEE
Get a quote to understand the conveyancing fees that you will be paying. The fees will vary based on the actions that need to be taken, which includes procurement of various documents. DUE DILIGENCE AND COOLING-OFF PERIOD
It is important to complete your due diligence as a first buyer regarding the property well in time. This includes property inspections, contract review, amendments to be made in the said contract, and approval of finance. We can help you get the required finance if you do not have a mortgage broker. The due diligence needs to be completed well before the cooling off period ends. Cooling off period refers to the time between the exchanges of the contracts. Some buyers prefer to complete the due diligence and negotiation of the contract prior to signing it, especially if there is no cooling off period.We advise our clients to be prepared in advance for this phase so that all parties involved are done with due diligence within the mandated cooling off period and are ready to sign the contract. This becomes even more important if there is no cooling off period, like in the case of properties that have been auctioned. In this case, you will have to be ready on a short notice and keep yourself available for completing paperwork related to mortgage, property, building, pest, and strata inspections.
FINALISING AND SIGNING THE CONTRACT
lastly, we will go through the contract and after your approval of the potential changes; we will liaise with the vendor’s conveyance and deal with their queries promptly. Once all the parties have arrived at a consensus on the contract, sign it and complete the remaining formalities before taking possession of the property.
Complete Guide for First Home Buyer in Parramatta, NSW
Buying a house in Parramatta can be an expensive affair. But there are many who buy their first property by carefully planning out their finances and research. With SD Conveyancing, you too can make that happen. All you need to do is to keep a few points in mind:
- SET THE BUDGET
Before you set out to check houses, you need to have a fair understanding of the amount of money you can deposit and how much you can borrow. The best way is to approach a lending institution like a mortgage company or a bank to know the interest rates for the money you will borrow. Having a substantial amount of money to pay as your deposit will help keep your interest payments low. GRANTS AND INCENTIVES
There are many incentives available for a first-time home buyer to help make it easier to buy their first home.
Certain requirements need to be fulfilled to receive these grants, like the buyer will have to live in the property for at least 12 months and the maximum price threshold set. The features of these schemes can change from time to time, but they still favour the buyer in many ways. For example, in Parramatta and across NSW, the buyer is not required to pay any stamp duty. They can also be eligible for a discounted stamp duty on certain properties.
- SECURING A HOME LOAN
This could be a tricky situation for a first-time home buyer as there are many variables attached to securing a loan. You can get a loan from a mortgage broker or bank. A bank will offer you stability and a wide range of service, but a mortgage broker will be more personal in their dealings. Then, you will have to choose the type of loan that you need and be aware of the kind of rates that you will be charged for repayment. - FIND THE RIGHT PROPERTY
Think carefully before zeroing in on the place you choose as your home. First-time home buyers usually do not have a lot of money with them and prefer to buy a small space with a plan to upgrade later. Many choose an apartment for this purpose. Apartments have a lot of benefits but buying a house has greater benefits in the form of independence and privacy. Another major factor that needs to be considered is the suburb that you choose. A suburb closer to the Sydney CBD will offer properties at higher rates.
How Buying Property Process Take Place in Parramatta, NSW?
There are a lot many processes involved in purchasing a property in Parramatta, NSW. But with SD Conveyancing, all your work will be done with ease. Here’s a list of what you need to do and what you can expect from us:
- Before Signing the Contract
Your To-Dos
- First, you need to get a copy of the contract from the real estate agent. Once you get it, forward it to us so that our team can review it. During the review, you can ask us any questions you might have regarding the contract or Conveyancing. You can also tell us about any conditions that you want to be changed or added to the contract.
- While the review work is on, you will have to get a financial approval for the property that you intend to buy. You will need to get the approval from your Mortgage Broker or Banker. You can also take our assistance to get the required finances.
- Finally, before you sign the contract, we recommend that you inspect the property well before the cooling off period ends. If you are getting the property through an auction, then complete the inspection before attending it as there is no cooling off period for property bought through this method.
Our To-Dos
- When you hand over the contract to us for review, we will send you a feedback. This will also include the answers to any concerns or questions that you might have about the contract or our Conveyancing process.
- The changes we will recommend to the contract as part of our review will also be shared with you. Once we have your approval, we will convey these changes to the contract via the Seller’s Conveyancer.
- Whether you are buying the property at an auction or through a Real Estate Agent or even without a Real Estate Agent, we will be there to assist and advice you.
- Signing the Contract & Paying Deposit
Your To-Dos
- Before you sign the contract, you will need to pay a deposit, which is usually around 10% of the purchase price unless negotiated otherwise. You can discuss with us about how to make this payment. We will also assist to in signing the contract, whether it is at our office, the real estate agent’s office, or the auction.
Our To-Dos
- Once we are done negotiating the changes in the contract, we will get it ready to be signed. If you prefer it to be sent to you for signing, that can be arranged as well.
- After signing the contract, we will help you exchange the contracts by forwarding your signed contract to the seller’s Conveyancer with your written authority.
- After Cooling Off Period Finishes
You’re To-Dos
- Ensure that all bank paperwork and loan approvals are readily available for the final settlement.
- If you are a first home buyer, you will be eligible for a First Homeowners Grant. You will be required to complete the paperwork related to it with your Bank. Do check with us to see if you are eligible for Stamp Duty exemption or other concessions.
- Once the paperwork is done, you can organise a final inspection of the property with the Real Estate Agent. This will help you get a better idea about the status of the utilities associated with the property.
Our To-Dos
- After the cooling off period, we will order searches and inform you if any extra searches are required. Some searches will also be conducted by your Lender or Bank.
- For the final settlement, we will work closely with your Lender or Bank and will assist you in applying for various grants and exemptions.
- Settlement
You’re To-Dos
- The last leg of the deal involves possession. If you are an investor and the property is tenanted, you will have to provide your bank account details to the Real Estate Agent so that the rent is transferred to you. If you plan to live in the property, we will set a time with the real estate agent to get the keys for you.
Our To-Dos
- Once we complete the Conveyancing tasks, we will help you with the Settlement proceedings. We will inform the Real Estate Agent and the lenders when settlement has occurred. We will also inform the Local Council, Water Body, Strata (if strata property) & Department of Lands.
- For the sake of better assistance, SD Conveyancing will hold onto your matters for a period of at least 7 years so that any subsequent property transactions are made easy for you.
How Does the Property Purchase Process Take Place in Parramatta?
There are a lot many processes involved in purchasing a property in Parramatta. But with SD Conveyancing, all your work will be done with ease. Here’s a list of what you need to do and what you can expect from us:
- First, you need to get a copy of the contract from the real estate agent. Once you get it, forward it to us so that our team can review it. During the review, you can ask us any questions you might have regarding the contract or conveyancing. You can also tell us about any conditions that you want to be changed or added to the contract.
- While the review work is on, you will have to get a financial approval for the property that you intend to buy. You will need to get the approval from your Mortgage Broker or Banker. You can also take our assistance to get the required finances.
- Finally, before you sign the contract, we recommend that you inspect the property well before the cooling off period ends. If you are getting the property through an auction, then complete the inspection before attending it as there is no cooling off period for property bought through this method.
- When you hand over the contract to us for review, we will send you a feedback. This will also include the answers to any concerns or questions that you might have about the contract or our Conveyancing process.
- The changes we will recommend to the contract as part of our review will also be shared with you. Once we have your approval, we will convey these changes to the contract via the Seller’s Conveyancer.
- Whether you are buying the property at an auction, through a Real Estate Agent or even without a Real Estate Agent, we will be there to assist and advice you.
- Before you sign the contract, you will need to pay a deposit, which is usually around 10% of the purchase price unless negotiated otherwise. You can discuss with us about how to make this payment. We will also assist you in signing the contract, whether it is at our office, the real estate agent’s office, or the auction.
- Once we are done negotiating the changes in the contract, we will get it ready to be signed. If you prefer, to be sent to you for signing, that can be arranged as well.
- After signing the contract, we will help you exchange the contracts by forwarding your signed contract to the vendor’s conveyancer with your written authority.
- Ensure that all bank paperwork and loan approvals are readily available for the final settlement.
- If you are a first home buyer, you may be eligible for a FHOG. You will be required to complete the paperwork related to it with your bank. Do check with us to see if you are eligible for Stamp Duty exemptions or other concessions.
- Once the paperwork is done, you can organise a final inspection of the property with the Real Estate Agent. This will help you get a better idea about the status of the utilities associated with the property.
- After the cooling off period, we will order searches and inform you if any extra searches are required. Some searches will also be conducted by your Lender or Bank.
- For the final settlement, we will work closely with your Lender or Bank and will assist you in applying for various grants and exemptions.
- The last leg of the deal involves possession. If you are an investor and the property is tenanted, you will have to provide your bank account details to the Real Estate Agent so that the rent is transferred to you. If you plan to live in the property, we will set a time with the real estate agent to get the keys for you.
- Once we complete the conveyancing tasks, we will help you with the Settlement proceedings. We will inform the Real Estate Agent and the lenders once the settlement has occurred. We will also inform the Local Council, Sydney Water/relevant water authority, Strata (if strata property) & Department of Lands.
- For the sake of better assistance, SD Conveyancing will hold onto your matters for a period of at least 7 years so that any subsequent property transactions are made easy for you.
Buying Property in New South Wales
You don’t have to visit our office frequently. We have completed hundreds of matters successfully every year from across NSW.
Buying Property at Auction – Fine Points & What to Do
- Due Diligence
It is important to complete your due diligence before attending the auction. You need to be ready before you enter the auction to buy a property. This means that you should:
REVIEW AND MAKE AMENDMENTS TO THE CONTRACT
When you share the contract of sale with us, our team reviews it thoroughly. We will send you a feedback, answer all your questions regarding the contract and Conveyancing, and will give you an idea about how we will negotiate the terms of the contract according to your directions.- CONDUCT PROPERTY INSPECTIONS
A proper inspection of the property or the building must be conducted. This is usually done for building and pest inspections, strata inspections, and to ensure that all the required certifications are completed and ready. - APPROVAL OF FINANCE
Before attending the auction, you need to have your finances in place. Whether it is a loan or the money you are willing to deposit, you need to have it at hand to avoid any complication related to payments. RECOMMENDATIONS
We recommend you conduct the due diligence the auction. Keep yourself available for inspections, evaluations, mortgage approval, & other preparatory work on a short notice.
- Contract of Sale for the Auctioned Property
The NSW Law requires that a contract of sale must be ready to be provided to potential purchasers immediately after the auction. Here’s what you need to be aware of as soon as you get the contract of sale:
- ZERO COOLING PERIOD
There will be no cooling off period when the sale of contract is handed to you post the auction. This means that the contract will become binding upon you immediately. - DEPOSIT
A minimum of 10% deposit must be paid at the auction unless you have negotiated otherwise. - BE READY WITH THE MONEY
Ensure that you have organised a pre-approved loan for quick disbursement. If you need assistance with getting the required finance, you can contact our team at SD Conveyancing. FINALISING THE CONTRACT
As soon as you hand the contract of sale to us, we will liaise with vendor’s conveyancer to negotiate the terms and conditions according to your needs. Prior to these discussions, we will take your approval for the potential changes to the contract. We usually begin this process a few days before the auction to iron out any potential confusion.
WHAT YOU SEE IS WHAT YOU PAY
We provide you with a quote which encompasses all our fees and charges. One can be assured this is a one-time payment and there will be no surprise payments for you.
CUSTOMISED SOLUTIONS
Every client is different, so are their concerns. We offer customized solutions through our Licensed Conveyancer who will solely attend to your case until it reaches completion.
HASSLE-FREE ONLINE CONSULTING
We have a highly responsive, prompt online system that enables the Conveyancer to interact with you and offer solutions, thereby ensuring a seamless business experience with us. This saves you the effort and time of physically visiting our offices
LICENSED CONVEYANCERS
We have been in the trade long enough to know the intricacies. Your transactions will be safe, effortless, and peaceful with us.
With a team of qualified Conveyancers who provide contract review for property-related transactions, SD Conveyancing is the most recommended Licensed Conveyancer in Parramatta and NSW. Having an expert review your contract will save you a lot of hassle in the future. To get your contract reviewed today, get in touch with us and we will answer all your queries.
Planning to Auction Your Property?
If you want to put up your property for auction, you should get a thorough professional advice prior to it from SD Conveyancing. Our timely and professional advice can assist you with making the most out of your property at the auction.
Buying Property Through Real Estate Agent
- As per the laws that govern the sale and purchase of property in NSW, it is mandatory for a contract of sale to be ready and be provided to potential purchasers.
- So, whenever you plan to purchase a property, ask the Real Estate Agent for a copy of the Contract of Sale. When you get it, forward to us for review and feedback. We will advise you while negotiating the terms and conditions of the contract according to your wishes.
- When the review is in process, you will have to organise the final loan approval. The finances must be ready as you will have to pay 0.25% of the property rate as a non-refundable deposit at the time of signing the contract. There is a 5-day cooling off period after which a 10% deposit must be paid, unless negotiated otherwise. This cooling off period can be extended or even waived off.
- You will also have to complete your due diligence, which includes property inspections, finance approval, and contract review and amendments before the cooling off period ends. We suggest that you be prepared in advance so that you can keep yourself available for property inspection and other associated modalities.
- Meanwhile, we will liaise with the vendor’s conveyancer, or Real Estate Agent to get the contract ready for the final signature.
Buying Property Without Estate Agent
- At SD Conveyancing, we assist our clients in buying property without involving an Estate Agent. Since the purchase is being done directly from the vendor, you need to inform us about the details regarding the property at the earliest. This is required as some responsibilities involved will become yours, ours, and the vendor’s.
- When you have decided to purchase a property, ensure you get a contract of sale from the vendor or their conveyancer. We will work with you to get the contract reviewed at the earliest so that you have an idea about your responsibilities that would otherwise be that of the Real Estate Agent.
- Once you are clear about your role, you should complete your due diligence checks, like property inspections and unconditional finance approval, before the cooling off period expires and, if possible, before signing the contract. Some purchasers prefer to complete property inspections prior to signing the contract. You will need to spend a lot of time overseeing these inspections as there will be no Real Estate Agent to look after them.
- After the required is done, we liaise with the vendor’s conveyancer. Once the enquires and details are ironed out, you can sign the contract to be in possession of the property.
When you are working with SD Conveyancing, purchasing a property becomes easy. Here are a few points that will help make the whole process simpler:
GET THE CONTRACT OF SALE
The contract of sale must be provided to all prospective purchasers and should have all the details regarding the property listed on it.
GET URGENT CONTRACT REVIEWS
You will have to inform us about it in advance so that we can plan accordingly. Every contract is unique, so its review will take time and effort.
GET LEGAL ADVICE BEFORE SIGNING
We can help you get access to a licensed conveyancer who can offer you legal advice.
COMPLETE DUE DILIGENCE
Understand & plan your due diligence early and discuss it with us. It is better to have the property inspected before the mortgage is approved.
With a team of qualified Conveyancers who provide contract review for property-related transactions, SD Conveyancing is the most recommended Licensed Conveyancer in Parramatta and NSW. Besides Parramatta, we also offers buy property service in Other NSW suburbs such as Blacktown, Penrith, Baulkham Hills, Harris Park, Liverpool, Mt Druitt, North Parramatta, Quakers Hill, The Ponds, Wentworthville, Rouse Hill, Seven Hills, Hornsby, Bella Vista. Having an expert review your contract will save you a lot of hassle in the future. To get your contract reviewed today, get in touch with us and we will answer all your queries.
