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!
• 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]
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.
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!