Arranging an inspection
When you inspect a property that is being sold through Lawyers Real Estate, you will be given access by a person who
has full authority, who knows the property and the neighbourhood better than anyone else, and who can answer all of your
questions on the spot; the vendor.
First contact
Having seen a desirable property, you will want to know more about it. The best way to answer them is via
direct contact with the vendor.
Drive-by inspection
You may have seen the property on the internet, but you want to check out the neighbourhood before making contact. Because the address of
the property is displayed on the internet listing, you are able to do a "drive past" without having to make any prior arrangements.
View the sale documents
If you would like to find out more about the property, you can view the sale documents at
www.eContracts.com.au.
Dial the vendor direct
If you like what you have seen, you can call the vendor immediately by dialling the vendor's contact number which appears on the "For Sale" sign erected in front
of the property, and on the sale documents at
www.eContracts.com.au.
Ask a few questions
Alternatively, you may wish to ask the vendor a few questions before you decide whether you will inspect the property. Again,
being able to make direct contact with the vendor makes this possible.
Making an appointment
Having contacted the vendor and gained a better understanding of what the property has to offer,
you have the option of arranging an inspection, on the spot, without having to consider the schedule of the
estate agent.
When buyers and sellers have direct contact with each other, property inspections become much more convenient.
Viewing the property
Viewing the property is a straight-forward matter, and usually proceeds as follows:
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The visitor is greeted by the vendor and invited into the home. At the same time, the vendor will
provide a sheet containing information about the sale process, and details of the vendor's lawyer. For security and contact reasons the visitor will be asked to provide their contact details.
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The vendor will then escort the visitor through the house, remaining with the visitor in
order to answer any questions, and to provide access to various parts of the property.
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If the visitor becomes sufficiently interested in the property to consider an offer, the matter is referred
to the lawyer (see "Making an Offer" below).
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Due diligence
For most people, the purchase of real estate is the most important investment decision they will
ever make, and due diligence is essential.
Both the vendor and the purchaser benefit when the purchaser has made all necessary inspections and enquiries before signing a contract. For this reason
all purchasers are strongly encouraged to seek independent
legal advice
from a qualified lawyer before making an
offer (it should be noted that
conveyancers
are not qualified to offer legal advice, and are prohibited by law from doing so).
Among the matters to be considered during this stage are:
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Having the Section 32 Vendor's Statement
checked and explained, and also having the Contract of Sale
thoroughly examined and explained.
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Determining how much finance will be required, and whether it will be available. |
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Ensuring that the property has been thoroughly inspected, and checked to the purchaser's satisfaction. |
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Having a lawyer advise as to any special conditions needed to protect the purchaser (e.g. finance, building inspection etc.). |
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Understanding exactly when the contract becomes unconditional. |
Making an offer
When a visitor indicates that they would like to make an offer on the property, they will
be invited to contact the vendor's
lawyer.
If the visitor is keen to proceed, a copy of the sale documents can be downloaded from our
eContracts section. This allows the visitor to
obtain
legal advice,
and to submit a formal offer without delay.
It is advantageous when a purchaser obtains
legal advice
before submitting their offer, as the statutory
"cooling off"
period no longer applies. This means that the offer will be binding upon acceptance, and therefore more attractive to the vendor.
For further information on offers, have a look at "
Making an Offer".
Legal Notice
All visitors to this website are advised to visit our
Disclaimer regarding the limited use of information provided on this website, and our Conveyancing Section for conveyancing consumer information.
