Did you know that getting the right legal advice when purchasing property is critical to your success as a first home buyer?

In this episode we're going to be delving into the legal side of buying your first home. What's in a contract? What's NOT in a contract? What questions should you be asking your conveyancer or lawyer?

We answer all those questions and more so tune in to today's episode!

See you on the inside!
Episode Highlights:
• Why a buyer needs legal advice and when to get it [03:33]
• The difference in vendor disclosures in the NSW versus other states [06:33]
• Knowing what to ask your conveyancer is important to get the right searches [08:11]
• The differences (and similarities) between lawyers and conveyancers [10:37]
     • Challenges people face when going for the cheapest option [12:36]
• The biggest financial commitment as a first home buyer [15:20]
• Acquiring a 66W certificate to waive the cool off period in NSW and to waive it in other states [16:51]
• Conditional contracts versus Unconditional contracts [17:55]
     • The Sunset Clause [19:25]
     • Some first home buyers get caught up in government benefits for buying off-the-plan [24:04]
     • Your schedule of finishes should have brand names [24:41]
• What happens when you sign a contract with a cooling-off period? [28:14]
     • A look into gazumping [29:49]
• Mistakes first home buyers often make [34:02]
• Veronica's story about a vendor who wasn't prepared to meet the market [38:43]
• Getting pest and building inspection reports [42:25]
• Advice for first home buyers looking for the right conveyancer [44:09]
Links from the Show:
• Check out our Where to Buy Workshop!
• Register for our June 19th Stepping Stone Workshop!
About Our Guest:
Jennie Tonner has more than 30 years of experience with two of Australia's leading law firms: Mallesons Stephen Jaques and Allens Arthur Robinson, and has been running Cremorne Conveyancing for nearly 7 years.

• Learn more about Cremorne Conveyancing
If you enjoyed today's podcast, don't forget to subscribe, rate and share the show! There's more to come, so we hope to have you along with us on this journey!
How ready are you to buy your first home?

Veronica Morgan & Meighan Wells 

Veronica & Meighan are both licensed real estate agents who exclusively help buyers. Together they have nearly 40 years experience as property professionals.

Veronica is principal of Sydney based Good Deeds Property Buyers and is also co-host of The Elephant in the Room property podcast as well as Location Location Location Australia on Foxtel and author of Auction Ready: how to buy property at auction even though you're scared s#!tless!

Meighan is the multi award winning principal of Brisbane based Property Pursuit, chairperson of the REIQ Buyers Agent Chapter & a regular media commentator.

We are here to guide you through your home buying journey

How ready are you to buy your first home?