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/solicitor, or Real Estate Agent to get the contract ready for the final signature.