Conveyancing & Property Lawyers Sydney
Experienced Conveyancing and Property Lawyers in Sydney CONTACT USMaking Property Transactions Smooth and Stress-Free
Buying or selling real estate is often one of the most significant financial decisions a person will ever make. Although conveyancing is often viewed simplistically as a very ‘procedural’ area of law, every property transaction presents its own unique, diverse, and sometimes complex challenges.
Having an experienced Burwood conveyancing and property lawyer handle your matter is the only way to ensure that you receive the best possible legal advice to navigate any potential issues that may arise. At LEDA Lawyers, we strive to make the transfer of property ownership as smooth and stress-free as possible, whether you are the vendor or the purchaser.
We can help if you are buying or selling a house, unit, off-the plan, strata title, community or old system title property, vacant block, or commercial real estate, and whether by auction or private treaty.
How Our Sydney Conveyancers Can Assist You
Selling Property
Before marketing a residential property in New South Wales, vendors must prepare a written contract that includes specific prescribed documents. We explain your obligations as a vendor and prepare a contract for sale that complies with legal requirements for your situation and the type of real estate you are selling.
Our team adds special conditions to protect your interests, negotiates amendments requested by prospective purchasers, and responds to requisitions on title. We also arrange Revenue NSW land tax clearance certificates and ATO certificates, liaise with your lender about any registered mortgage, and oversee settlement to finalise your matter.
Buying Property
You can purchase a property in two ways: at auction or by private treaty. The purchase price and contract review process will differ depending on the method chosen.
Auction
If the sale is by auction, request a copy of the contract from the real estate agent well before the auction date. This allows us to review the contract, advise you on its contents, and request any necessary changes from the vendor’s solicitor.
We also help you order pre-exchange certificates and reports such as pest and building inspections, strata reports, surveys, or building certificates (depending on the type of property). First-home buyers can rely on us to guide them through applying for relevant government grants.
Because this back-and-forth process can take time, plan ahead. Each bidder at an auction bids on the specific contract they’ve negotiated with the vendor. When the hammer falls and you’re the highest bidder above the reserve price, you immediately enter into the contract and must pay the deposit. There is no cooling-off period for auction purchases, making it crucial to finalise a contract you’re comfortable with before bidding begins.
Private Treaty
If you’ve found a property and your offer has been accepted, the vendor’s agent typically sends a sales advice notifying us of the agreement.
Once we receive the completed contract, usually from the agent or vendor’s lawyer, we review it, identify any potential issues, and discuss whether you’d like to request amendments. We explain the contract terms, including your cooling-off rights, and clarify the difference between joint tenants and tenants in common.
We also assist with ordering reports and certificates, such as pest or building inspections, strata reports, or surveys. First-home buyers can count on our support in applying for government grants.
When you’re ready to proceed, we arrange the exchange of contracts. Both you and the vendor sign, the agreed deposit is paid, and the contract becomes legally binding, subject to any applicable cooling-off period.
After Exchange of Contracts
Once contracts are exchanged, whether by auction or private treaty, the settlement period begins. This period runs between the exchange and completion of the purchase. During this time, we conduct post-exchange enquiries, liaise with your lender about their mortgage requirements, and advise you on transfer (stamp) duty.
Settlement usually occurs about six weeks after exchange, though timing can vary. On settlement day, you pay the remaining balance, and ownership along with the keys transfers to you. We keep you updated throughout the process, ensuring you understand each step and can make informed decisions.
Settling Your Property Transaction Electronically
E-conveyancing, through the PEXA platform, eliminates the need for physical settlements and allows property transactions to be completed entirely online. This system improves efficiency and simplifies the old manual process.
As an Electronic Lodgement Network Operator subscriber, we’re fully equipped to manage your e-conveyancing. Our team monitors each stage of your matter and lodges documents electronically, ensuring a streamlined and transparent experience.