We know that the purchase or the sale of your property can be a stressful time in your life, so we work to make the process as stress-free as possible.
We keep our clients abreast of all developments in addition to providing legal advice throughout each transaction. Appointing CK Lawyers means you can be sure that your property matters are being handled professionally.
It may seem straightforward, but a real estate contract for sale includes different documents and CK Lawyers’ property conveyancing services ensure these certificates, documents and diagrams are included in your Contract of Sale to provide you with peace of mind that laws and duties as a seller of land in NSW have been complied with. There is nothing worse than giving the buyer an opportunity to pull out from the sale because of insufficient or inaccurate documentation.
As the vendor, CK Lawyers will act on your behalf and:
- Obtain all information and documents required to prepare the contract of sale.
- Submit a copy of the contract to you and your real estate agent.
- Respond to requisitions and other enquiries from the purchaser.
- Deal with the discharge of your mortgage, and
- Finalise the transaction until the end which is called settlement.
“ KNOWLEDGE OF WHAT IS POSSIBLE IS THE BEGINNING OF HAPPINESS ”
When you sign the contract you’ll usually agree to a settlement day. Most commonly this is six weeks after the date of exchange. At settlement, the buyer pays you everything they owe you to ‘settle’ the purchase. This amount will consider:
- Any council rates or water rates you’ve already paid.
- Any water usage charges.
- Any discharge fees to the Lands and Property Information (NSW).
- Any other claims or entitlements to you.
If the buyer can’t settle by the date stipulated in the contract for sale, you’re often entitled to charge interest. In some limited circumstances, you may even be able to claim the deposit and cancel the sale.
When you buy a property in NSW your rights depend on what’s in the contract for sale. No two contracts are the same, however, there are some things a contract for sale must do, including properly identifying the property as well as the terms on which it’s being sold.
If you are purchasing property, CK Lawyers:
- Review and advise on the contract of sale
- Conduct negotiations with the purchaser on the terms of the contract
- Exchange the contract of sale with the purchaser. This is when you need to pay a deposit of usually 10% of the purchase price
- Liaise with your lender
- Obtain searches required for settlement
- Prepare and finalise settlement.
Know what you’re buying
CK Lawyers will make sure the contract for sale isn’t just legal, but that it also isn’t unfair to you. Where a clause is not in your interests, we will negotiate with the seller’s solicitor to get it removed. If any item is in doubt, it should be expressly included in the contract for sale. CK Lawyers will help you make sure you know everything that’s included in the sale.
To buy a property most people will need to take out a mortgage. A mortgage gives a lender rights over the land for which they’re lending money, including the option of selling it if you default. CK Lawyers will help you make sense of what your rights and obligations are under the mortgage.
Whether you’re buying or selling, our expert team is on hand to act in your best interests. We ensure everything is completed and in order so that your property transaction goes smoothly.
CK Lawyers can also assist with other property transactions such as leases, subleases, licences, registering and withdrawing caveats, subdividing land, updating title, and registering, changing or removing an easement.
Your first consultation is free
If you’d like to see what CK Lawyers can do for you, please give us a call on. We’ll evaluate your individual legal needs and give you honest advice.
CK Lawyers have years of experience in all legal matters including Will and Estate law, Family law, property conveyance, commercial law, and traffic law. We also specialise in dispute resolution and court advocacy.