Pre-Purchase Contract Review

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Attending an Auction? About to Sign a Contract?

In Sydney, SD Conveyancing has a team of Licensed Conveyancers to review the Contract before you commit. We have your best interests at heart and will do our best to ensure that any property transaction you enter will go smoothly and without a hitch.

  • Our licensed conveyancers will help you with the following:
  • REVIEW CONTRACTS AND SUGGEST FEEDBACK
    We have a team of experts who can scrutinize your contract and give you feedback with the necessary changes and alterations. We are ready to assist you with all the requirements of the contract and are open to all kinds of questions.
  • AFFORDABLE CONTRACT REVIEW
    We offer affordable contract reviews with pocket-friendly review costs of $100 for existing properties and $190 for off-the-plan properties. We offer a waiver on the contract review cost if you make the purchase!
  • AMICABLE NEGOTIATIONS ON EXISTING TERMS
    We resort to amicable and quick negotiations with the vendor’s conveyancer/solicitor and make the desired amendments in the contract, thereby facilitating the hassle-free processing of documents for you whereby you can sign the deal and/or partake in the auction.
  • CONVENIENT CONVEYANCING
    We come with no hidden charges; what you see is what you pay. Moreover, we handle all operations online, saving you the hassle of visiting our offices again and again.

Some FAQs About Conveyancing

I have signed the Contract already. Is it still worth reviewing the Contract?

Yes! A contract review will highlight any discrepancies or concerns that might need your attention. This will weed out any issues and will guarantee a seamless experience.

What happens if I’m not successful at auction? Are there any other fees or charges?

Besides the initial payment you make with us, SD Conveyancing does not render ugly surprises to their customers in the form of hidden charges and fees. This is applicable to customers who are not successful at the auction as well.

Will the seller’s Conveyancer respond in time?

We will ensure that we have responses from the vendor’s conveyancer/ solicitor in time. We will follow up with the vendor’s conveyancer/ solicitorso that they respond to us within a specific timeframe.

How long does it take to complete a Contract Review?

We guarantee a TAT of 5-10 working hours within which we will submit our detailed feedback and a set of suggested amendments to the contract, if any.

How Is the Pre-Purchase Contract Review Process Made?

Pre-Purchase Contract Review Process is a step-by-step scrutinizing of a purchase contract before the actual purchase happens. This process is usually performed by a legal representative who reads through all the pointers, conditions, and clauses in the contract to ensure that the client, i.e., the Purchaser does not make any mistakes in the purchase. As a buying transaction is financially copious, it is vital to have a second eye to look at it, preferably with some legal expertise, to ensure that there are no hidden implications and the buyer is at no loss or disadvantage. In most cases, it is difficult to change the conditions in a contract once it is signed and the deal is done. Even a minor negligence can cost humongous amounts of financial loss to the buyer and hence, it is imperative to hire a Licensed Conveyancer to perform a pre-purchase contract review.

  • Steps You Will Need to Take:
  • SALES CONTRACT
    Before you purchase the property, you need to get the contract thoroughly reviewed. Ask your real estate agent to send you the contract so that you can forward it to us.
  • CLARIFICATIONS
    If you have any questions regarding the contract or the Conveyancing process, do not hesitate to ask us. You can also request any changes you would want on your contract.
  • PRIOR INSPECTIONS
    You should inspect the property as part of your due diligence. You can also organise a professional to perform inspect the property like building, pest, and strata (if it is a strata property) inspections. We can assist you in ordering these inspections.
  • SIGNING THE CONTRACT
    Depending on the type of property you purchase; the process will differ for it. Get in touch with the licensed conveyancers at SD Conveyancing in Sydney if you have any concerns or queries about the signing process and the initial deposit payment.
  • CONTACT YOUR FINANCIAL INSTITUTION
    We advise you to share your contract with your bank or mortgage broker as soon as you sign the contract to organise the unconditional approval of your loan before the cooling off period expires. This will also give the opportunity to raise any concerns about the property.
  • Steps We Will Need to Take:
  • SALES CONTRACT REVIEW
    Once you forward us the contract, we will review it thoroughly, identify any potential risks in the contract, and advice you on how we deal with them. We will discuss the full contract with you in detail and recommend the amendments to your contract
  • ANSWER QUERIES
    We ensure that no question you have regarding the contract is left unanswered.
  • ASSISTANCE WITH PROPERTY INSPECTIONS
    As your Conveyancer, we can help you organise inspections for the property as part of your due diligence. We can help you organise building, pest, and strata (if it is a strata property) inspections. However, this needs to be discussed soon to ensure the inspection is completed and you have time to review the reports and discuss with the inspector for any valuable advice.
  • AMENDMENTS TO THE CONTRACT
    Some suggestions to recalibrate the contract in your favour can be included. We can liaise with the vendor’s conveyancer/ solicitor about the changes once you approve them.

  • RESULTS OF THE DISCUSSION
    We will relay the responses received by the vendor’s conveyancer/ solicitorto the amendments requested and will answer any questions that you might have.
  • SIGNING THE CONTRACT
    Once everything is approved by both parties with all the necessary changes, we will help you get ready to sign the contract and assist you on how to go about paying the initial deposit.

Why Is It Essential to Have a Contract Review?

Contracts are indispensable and an important part of any business, transaction, partnership, or property dealing. The primary intent of a contract is to lay out the terms and conditions of the deal in a fair format so that it is beneficial and hassle-free to all parties engaged in the deal. But sometimes the contract can have some shortcomings or loopholes, which might have crept in by mistake or might have been tactfully included by the opposite party to devour a larger share of the benefits or to indulge in faulty business dealings. Either way, it is essential to hire a professional to conduct a contract review to eliminate such issues. There are specific bodies to conduct a business contract review or a commercial contract review:

  • UNDERSTANDING
    A contract review will enable the client to understand all the mentions, conditions, and clauses, and their implications. This helps them in making an informed decision about the deal. Usually, contracts include a lot of technical jargons, which are often not discernible and can lead to misunderstandings. A review brings about clarity and breaks down such jargons.
  • SAFETY
    A reviewer will be able to fish out any unfavourable scenarios mentioned in the contract that may adversely affect their client. This can be discussed, negotiated, and amended after a discussion with the other parties partaking in the deal.
  • NEGOTIATION
    A legal representative or a Conveyancer can negotiate terms for your benefit on your behalf with the other parties or their respective conveyancers/solicitors.

Type of Contract Review We Offer

  • Building Contract Review

This is a mandate put forth to builders who engage in the construction of buildings and properties in order to obtain the permits for construction.

  • The builder is expected to submit a budget that encompasses all the expenses with respect to the size and area covered in the project. The details are verified to validate the accuracy of the information.
  • A schedule is created to perform periodical site reviews and to observe the timely progress of the work.
  • They ensure that the project work is in accordance with the budget and that there are no excessive expenditures that overflow the margin.
  • Reviews and reports on the work and its progress.
  • Business Contract Review

A valid contract needs to be in place even for a running business so that it ensures that the operations are in accordance with the governing laws:

  • A business sometimes changes it course of operation over time. The expansion is a given thing and hence several changes occur with this branching out. Through a business contract review, new terms can be included to ensure that the work is abiding all the governmental laws.
  • With the introduction of more staff and workforce, it becomes imperative to include several facets around their wellbeing, remuneration, and other factors in the company policies, which can be updated during a business contract review.
  • There could be new software or programmes developed within the system, which are subject to intellectual property rights. These items need to be included in the business contract to prevent any mishaps or breaches.
  • Commercial Contract Review

A commercial contract is one that is devised between a service provider and their customer, stakeholder, or investor.

  • The business laws are constantly changing and evolving, so it is imperative to perform a commercial contract review to prevent ending up in any legal complications associated with their trade.
  • When you are engaging with layman customers, it is important to keep the contracts bereft of any complicated jargon so that the other party feels comfortable and included. A timely commercial contract review can help with this.
  • Things change and it is not necessary to stick to the old terms and conditions just because they were formulated initially. Approach a professional and amend your contract.

Type of Contract Review We Offer

This is a mandate put forth to builders who engage in the construction of buildings and properties in order to obtain the permits for construction.

  • The builder is expected to submit a budget that encompasses all the expenses with respect to the size and area covered in the project. The details are verified to validate the accuracy of the information.

  • A schedule is created to perform periodical site reviews and to observe the timely progress of the work.

  • They ensure that the project work is in accordance with the budget and that there are no excessive expenditures that overflow the margin.

  • Reviews and reports on the work and its progress.

A valid contract needs to be in place even for a running business so that it ensures that the operations are in accordance with the governing laws:

  • A business sometimes changes it course of operations over time. The expansion is a given thing and hence several changes occur with this branching out. Through a business contract review, new terms can be included to ensure that the work is abiding all the governmental laws.

  • With the introduction of more staff and workforce, it becomes imperative to include several facets around their wellbeing, remuneration, and other factors in the company policies, which can be updated during a business contract review.

  • There could be new software or programmes developed within the system, which are subject to intellectual property rights. These items need to be included in the business contract to prevent any mishaps or breaches.

A commercial contract is one that is devised between a service provider and their customer, stakeholder, or investor.

  • The business laws are constantly changing and evolving, so it is imperative to perform a commercial contract review to prevent ending up in any legal complication associated with their trade.

  • When you are engaging with layman customers, it is important to keep the contracts bereft of any complicated jargon so that the other party feels comfortable and included. A timely commercial contract review can help with this.

  • Things change and it is not necessary to stick to the old terms and conditions just because they were formulated initially. Approach a professional and amend your contract.

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 Conveyancer in Sydney/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.

Get Contract Reviewed by Licensed Conveyancer in Sydney | SD Conveyancing

SD Conveyancing in Sydney is led by a team of Licensed Conveyancers who are adept in dealing with an array of contract reviewing services including legal contract review, construction contract review, building contract review, business contract review, commercial contract review and so on. A contract is a legally binding document, and all parties must abide by the conditions as soon as they sign it. This is a very crucial decision; so, it might be a good idea to hire an expert like SD Conveyancing in Sydney to review your contract.

  • RESEARCH

    Our Licensed Conveyancer will research the terms of the contract and authenticate the facts so that our clients are not at a loss.

  • SUPPORT

    We will look into all the loopholes and will make any call outs if necessary. Some amendments will be suggested to ensure that the clauses are favourable to our client.

  • SIMPLIFY

    Contracts can often contain complicated and ambiguous jargons. We see to it that these terminologies are eliminated at best or replaced with simpler terms so that the conditions are laid out clearly to our clients.

  • TRANSPARENCY

    We emphasise on transparency as much as customer satisfaction. We spell out all the expenses in our quote and we do not have any hidden charges or fees – what you see is what you pay.

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