Your Comprehensive Guide to Buying Property in NSW: Step-by-Step with Titance Legal
Welcome back to our Conveyancing Series by Titance Legal. In this third article, we simplify the complex journey of property buying into easy-to-follow stages. Whether you're a first-time homebuyer or an experienced investor, this guide is your roadmap to a successful property purchase in NSW.
Stage 1: Pre-Contract Review and Signing
What Titance Legal Provides:
Expert contract review to safeguard your interests
Tailored advice on contract terms and conditions
Information on available grants for eligible buyers
Your Action Items:
Submit the contract for our professional review
Secure essential pre-purchase reports, such as building, pest, and strata inspections
Confirm your mortgage approval if the contract lacks a finance clause
Stage 2: After Contract Signing and Document Exchange
What Titance Legal Provides:
Timely updates on key milestones
Answers to all your queries throughout the process
A detailed checklist of tasks, complete with deadlines
Routine property inquiries and due diligence
Accurate calculation of stamp duty as mandated by the government
Settlement details, including time and location
Your Action Items:
Thoroughly read our correspondence to stay informed
Complete and return all required paperwork promptly
Notify us if additional property searches are needed
Conduct a pre-settlement inspection (highly recommended)
Obtain property insurance effective from the settlement date
Finalize your loan approval
Stage 3: Finalizing the Settlement
What Titance Legal Provides:
A breakdown of the total settlement amount, including stamp duty and registration fees
Professional representation at the settlement meeting
Official settlement confirmation in writing
Coordination for key and security device handover
Your Action Items:
Coordinate your move, including utility connections and disconnections
Update your address records as needed
Celebrate your new home!
Conclusion: Navigate Property Buying with Confidence
The property buying process in NSW involves multiple steps, each with its unique set of tasks. Understanding what each stage entails can significantly ease your journey.
Titance Legal is here to guide you every step of the way. If you have any questions or require further clarification, we're just a call away.
Stay tuned for our next installment, where we'll explore the seller's journey in property transactions. Until then, simplify your property buying process with Titance Legal.
