We understand how important this decision is, whether it be your first home or an investment property. We are here to help you, we aim to simplify the process to leave you with time for yourselves.
When you have found the property you wish to buy and the vendor accepts your offer we will:-
The agent may encourage you to sign a Contract under a “Cooling-Off Period”, this is where you as a purchaser lock in the vendor to the agreement and you have a period of 5 or 10 business days in which you can do your pre-purchase inspections. You put down a 0.25% deposit. If you decide not to proceed with the purchase for any reason within that 5 or 10 business day period, you “rescind” the Contract and forfeit the 0.25% deposit paid.
Stamp Duty is payable on all property transactions 3 months after an exchange. If you purchase a property “Off the Plan” Stamp duty is not required to be paid until 12 months from the date of exchange if you are buying as owner-occupier, if you are buying as an investor, you have the standard 3 months.
Unless settlement occurs earlier and you are borrowing money from a lender in which case stamp duty will be required on or before settlement.
Conveyances generally take 6 weeks or 42 days to complete. This time frame can be negotiated if required.