Buying a Property

First Home Buyers

Buying your first home is an exciting but daunting experience, and it is important to understand the process and the potential risks involved. At Biz Lawyers & Advisory, we specialise in property law and can help guide you through the legal and practical aspects of purchasing your first home.

Our team of experienced property lawyers can assist you in the following ways:

  • 1.

    Providing Legal Advice: Our team can provide you with comprehensive legal advice on any questions or concerns you may have about purchasing your first home. We can guide you through the legal requirements of the sale, explain the risks and benefits of purchasing a property, and provide you with an understanding of your rights and obligations under the contract.

  • 2.

    Reviewing the Contract of Sale: The contract of sale is a critical document when purchasing a property. Our lawyers will review the contract to ensure that it is legally sound, that the terms are reasonable and appropriate, and that you understand your rights and obligations as a buyer.

In addition to our legal services, there are several specific issues that first home buyers should consider when purchasing a property. These include:

  • 1.

    Budgeting: It is important to have a clear understanding of your budget and financial situation before purchasing a property. You should factor in all associated costs, such as stamp duty, legal fees, and ongoing maintenance costs.

  • 2.

    Research: Do your research before making an offer on a property. This includes researching the local area, the property market, and any potential issues with the property.

  • 3.

    Building and Pest Inspection (when buying a house): It is important to have a building and pest inspection conducted on the property before purchasing it. This can help to identify any potential issues or defects with the property.

  • 4.

    Strata Report (when buying an apartment) : It is important to have a strata report on the property which will provide information on the levies, the history of the building and whether there has been any defects, the financial condition of the body corporate, by-laws and whether there are any harmony issues between the owners.

  • 5.

    Government incentives and grants for first home buyers, such as the First Home Owner Grant.

We are here to help

Drop us a call for a free initial consultation today!


Linked Associations

Law Society PEXA