Selling your home in NSW

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If you are selling your home in New South Wales, you must have a contract prepared by your solicitor before can put the property on the market. A contract prepared for this purpose must contain certain mandatory information as prescribed by the Conveyancing Act in New South Wales. Information such as a title search, deposited plan, restrictions on use of land, easements, drainage diagrams and any information relating to the strata lot or common property (including any by-laws affecting the strata lot) if your home is a property under strata title. 

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If your property is sold under auction, there will be a binding contract between yourself and a buyer at the fall of the hammer when the buyer has made a successful bid at the auction. If the sale proceeds by private treaty (by private negotiation), we will provide the buyer’s solicitor with a copy of the contract and the parties will arrange for the contracts to be exchanged, which gives rise to a binding contract between yourself and the buyer.

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When a binding contract is made between a seller and a buyer, contracts are said to have 'exchanged'. 

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Once contracts are exchanged, we will liaise with you, the buyer’s solicitor, your financing team, your agent and relevant government agencies to prepare for settlement or completion. 

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If you would like assistance with selling your home in NSW, please contact us. 

 

Buying your home in NSW

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If you are purchasing a home in NSW, whether it is a freestanding home, a townhouse or a unit, you will either have successfully bid under auction, or you would have agreed on the price of the property by private treaty (by private negotiation).

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If you are the successful bid under an auction, you would have entered into a binding contract with the seller at the fall of the hammer. If you are proceeding by private treaty, no binding obligations with the seller arises until you and the seller have exchanged contracts. 

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Before you enter into a binding contract with the seller, we always recommend you obtain legal advice on the contract. The contract incorporates a number of disclosure documents that enable you to make an informed decision about your purchase and should be carefully considered before you make a binding promise to purchase a property. 

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When a binding contract is made between a seller and a buyer, contracts are said to have 'exchanged'. 

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Once contracts are exchanged, we will liaise with you, the seller’s solicitor, your financing team, the seller’s agent and relevant government agencies to prepare for settlement or completion. 

 

If you would like assistance with buying your home in NSW, please contact us.