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WE MAKE THE LEGAL PROCESS
OF BUYING A PROPERTY
A SEAMLESS EXPERIENCE

From contract review through to settlement, we’ll guide you through every step of the way for one of life’s biggest investments.

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Buying a property is often the biggest financial transaction you will make. A trusted conveyancing lawyer is crucial in helping you save time and money.

Our partner's friendly team of qualifed legal advisors are ready to make property conveyancing a successful and seamless process for you.

We have partnered with Bond Property Lawyers not just because they are
an experienced team of conveyancers and lawyers.

BOND PROPERTY LAWYERS OFFERS YOU TWO FREE
CONTRACT REVIEWS

Bond Property Lawyers is technology-centric but people first. They’ve streamlined the conveyancing process so you can get the keys and start enjoying your dream home faster.

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HOW DOES IT WORK?

A LEGAL ADVISOR WILL HELP YOU EVERY STEP OF THE WAY

You will be appointed a Bond Property Lawyers legal advisor who will handle your specific conveyancing needs.

They will guide you through the process providing clear and simple legal advice.

Your advisor will review the contract of sale, provide legal advice concerning any issues, coordinate pre-settlement inspections, order searches, organise the transfer title deed, manage the transfer of funds and importantly, get you in your new home sooner.

YOUR WHOLE CONVEYANCING PROCESS IN THE ONE PLACE

The team uses a secure online platform that allows you to keep track of progress, share documents and communicate with parties involved in the purchase of your property.

You can access what you need 24 hours a day, 7 days a week.

SET UP IN 5 SIMPLE STEPS

1

A member of the team will call you to learn more about your conveyancing needs.

2

You will receive an itemised quote based on your requirements.

3

You will be introduced to your appointed legal advisor who is best suited to you, your location and your unique situation.

4

We'll request the documents that we need to get started.

5

Nice work! You are getting closer to officially owning your property.

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YOU’RE IN THE RIGHT PLACE

Conveyancing can be complicated, especially when you’re navigating different laws, rules and regulations for each state. Not to mention paperwork and hoops to jump through.

BUT TAKE A SIGH OF RELIEF,
THE BOND PROPERTY LAWYERS TEAM LOVES THIS STUFF!

You’ll get premium legal advice, deal directly with qualified property lawyers and the upfront competitive fixed fee means there’s no surprises.

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A SNAPSHOT OF THE PURCHASE CONVEYANCING PROCESS

Making buying a property a smooth process

<p>REVIEW AND IMPROVE THE CONTRACT</p>

REVIEW AND IMPROVE THE CONTRACT

Before you sign the contract for your new place, your Bond Property Lawyers advisor will review it to ensure you’re getting a good deal. They will identify any hidden clauses and add any special conditions that you request. For example, the purchase is dependent upon the sale of your existing property.

<p>GET THE BEST DEAL</p>

GET THE BEST DEAL

Everything is negotiable! Don’t just accept what the seller is offering. Make an offer that works for you. If you’d like the interiors painted or the custom fridge included in the price, your Bond Property Lawyers advisor will request this on your behalf. 

Your deposit is also negotiable, however it is usually an amount up to 10% of the purchase price.

<p>HAVE YOUR FINANCES IN ORDER</p>

HAVE YOUR FINANCES IN ORDER

If you need to borrow money to purchase the property, you will need to obtain a written approval of finance from your lender. Or, in the states where it’s common practice, ask for the contract to be conditional upon finance approval.

When it comes to settlement, the team will prepare figures and send these to you around five days prior to settlement. You should budget to have enough funds to cover the purchase price (less any deposit paid), transfer duty, legal costs and any pro-rata adjustments for outgoings, such as rates and water. 

If your loan amount does not cover these costs, contact your broker or lender and provide them with authority to draw any extra funds needed from one of your bank accounts.

<p>DON’T GET STUCK WITH DEBT</p>

DON’T GET STUCK WITH DEBT

One of the biggest risks that you must avoid is having debt on the property transferred to you as the new owner. The Bond Property Lawyers team will make sure that all bills have been paid by the previous owner. We operate on a no surprises approach.

<p>ALWAYS DO A BUILDING AND<br />
PEST INSPECTION</p>

ALWAYS DO A BUILDING AND
PEST INSPECTION

Before you sign the dotted line, we recommend getting an expert to examine the property for any unseen issues such as construction flaws, moisture, termites and more. A building and pest report offers peace of mind. It is common practice in some states to ask for the contract to be conditional upon a satisfactory building and pest inspection.

It is also recommended that you arrange a final inspection on the day prior to settlement. This allows you to check that the property is in the same condition as it was on the contract date and that any goods included in the contract are left at the property.

<p>BE STRATEGIC WITH YOUR REQUESTED <br />SETTLEMENT PERIOD</p>

BE STRATEGIC WITH YOUR REQUESTED
SETTLEMENT PERIOD

The standard settlement period in Australia is between 30 to 60 days but you can negotiate a shorter or longer period if required. If you're obtaining finance, keep in mind that your lender may take at least 2 to 3 weeks to confirm formal approval and issue loan documents.

<p>KNOW IF YOU’RE ENTITLED TO <br />A COOLING OFF PERIOD</p>

KNOW IF YOU’RE ENTITLED TO
A COOLING OFF PERIOD

You may be entitled to a cooling off period which means you can cancel the contract without any reason before the cooling off period expires. The cooling off period varies between states and territories.

In some states there is no cooling off period. For example, if you buy a property at or following an auction, or if you have waived your cooling off rights. 

In some states the seller may be entitled to charge a small termination fee if you terminate under the cooling off provisions.

<p>ORDER<br />
SEARCHES</p>

ORDER
SEARCHES

It’s recommended to order searches on the property you are purchasing so that you can discover if there’s anything that affects the property that the seller has not disclosed. 

If an adverse search result is obtained, you may be entitled to terminate the contract or claim compensation, depending on the type of search result and your rights under the contract.

<p>UNDERSTAND STAMP DUTY</p>

UNDERSTAND STAMP DUTY

Transfer (stamp) duty is usually payable on the purchase of the property. It is usually calculated based on the purchase price. 

There may be concessions available, especially if you’re a first home buyer, but these vary between states and territories. First home buyers in NSW have the option of paying a smaller annual property fee or a large upfront stamp duty on their first property.

The team will advise you when and how you will need to pay transfer duty (which may be required before or at settlement depending on the settlement date and transaction type).

<p>OPT FOR ELECTRONIC SETTLEMENT</p>

OPT FOR ELECTRONIC SETTLEMENT

Your settlement will either be a paper or an electronic settlement. Electronic settlements are now mandatory in Victoria and Western Australia and will soon be in New South Wales. In Queensland and South Australia you can choose between a paper or electronic settlement. 

Bond Property Lawyers recommends electronic settlements because there is less risk of delays, less documents to sign, less banking costs and the title will be transferred to you sooner...almost immediately!

WE’D LOVE TO HELP YOU WITH YOUR PROPERTY JOURNEY

Request a formal quote. It’s free and only takes one minute.
There’s no obligation to proceed.

A helpful member of the support team will be in contact
within the next two business hours.