Property Lawyers & Conveyancing

Selling or purchasing property is one of the biggest decisions most Australians will make. Whether it be the family dwelling, an investment property or commercial building, Osborne Howell property lawyers & conveyancers can help ensure the process is as smooth as possible.

Property is usually a person’s most important asset and, for that reason, it’s important to understand the legal obligations associated with buying and selling – as a mistake can have a significant financial impact.

Convenyancing is the area of law associated with the documents for buying or selling (conveyance) of property.

We have considerable experience in all conveyancing matters and offer cost-effective advice for all property transactions in New South Wales.

Whether you’re selling or purchasing off the plan, a strata title town house or suburban home, our property lawyers will ensure your best interests are maintained throughout. This includes liaison with all financial institutions, execution of contracts and advice on eligibility of grants.

Property lawyers and conveyancers Osborne Howell

Buying & selling and the role of property lawyers

Buying

If you’re buying a home in Australia, the process will usually via private sale or at an auction.

Understand the property type:
Different property types will have different contracts. Strata title properties include binding obligations for the rules of the owner’s corporation whereas some rural areas may have fire safety obligations.

Inspections:
Purchasers are at risk if they buy a property without first inspecting. A building inspection may reveal structural defects and damage which could significantly effect the value of the property.

Exchanging contracts:
The person selling the property exchanges their signed copy of the contract with the person buying the property, who offers their signed contract.

Pay a deposit:
Normally 10% of the purchase value

Mortgage:
A specialised loan to cover the sale of property.

Selling

If you’re selling a home in Australia, the process will almost always involve;

Preparing a contract of sale:
Including additionally required documents such as strata title or certificate of title, warranties and terms.

Exchanging contracts:
The person selling the property exchanges their signed copy of the contract with the person buying the property, who offers their signed contract.

Receiving a deposit:
Normally 10% of the purchase value

Settlement:
The purchaser pays for the property, less the deposit and any adjustments to finalise the sale.