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Home-buying as it should be
Consumers have found that buying a home through Lawyers Real Estate is an entirely new experience, with no pressure, no tricks, and no secrecy. And that is just the start.
Bringing the parties together
It is most important that buyers and sellers should have at least initial contact with each other:
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The vendor knows the answers. If you have any questions about a property, who better to
ask than the person who knows the property best; the vendor. The vendor will answer any initial questions you have
about the property, the street, the neighbourhood etc.
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The vendor can make inspection appointments. If you like what you
hear during your initial contact with the vendor, you can make an inspection appointment at the same time. This makes the process quick, simple and
convenient because no agents have to fit in with the arrangement.
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The vendor will show you through. Although there are legal reasons why the escorted inspection
favoured by estate agents
is improper, the main reasons for having the vendor show visitors through the property have more to do with convenience and openness. When the vendor
takes you through the property, they are available to answer any questions you may have about the house or about the property in general. Of course, if you are
interested in making an offer you will be referred to us. We handle all negotiations
on behalf of the vendor.
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Ethical considerations. A common complaint in the real estate industry has to do with the way estate agents
prevent the purchaser from meeting with the vendor. The reason estate agents
keep the parties apart is to retain control of the transaction, through the "divide and conquer" technique. If the two parties never get to meet each other, they have to
rely on and trust the only person who knows what's going on; the estate agent.
When the purchaser and vendor are able to make direct contact with each other, they can "compare notes", and transparency is assured. |
Contacting the vendor of a Lawyers Real Estate property is easy - just go to www.SLOD.com.au, find the property you're
interested in, and click on:
A pop-up window will display the vendor's name and contact telephone number.
Easy access to disclosure documents
No "holding deposits" on documents
Sometimes purchasers are required by estate agents to pay a "holding deposit" or "agent fee" in order to see the Contract
or Section 32 Vendor's Statements. This can cause unnecessary delay and ill-feeling.
We provide potential purchasers with prompt and easy access to the disclosure and sale documents.
Download PDF documents
It is possible to download a complete copy of the disclosure documents from www.SLOD.com.au.
Just go to www.SLOD.com.au,
locate the property you are interested in, and click the disclosure icon:
Buying a property is now a much simpler, quicker and fairer process than it has ever been.
Fair Pricing
Consumers have to be wary when buying real estate through an estate agent.
This is because the estate agent is the person who nominates the
price of the property, without reference to an independent valuation.
There is no guesswork in the pricing of properties offered for sale through Lawyers Real Estate;
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Independent Valuation
Every property offered for sale through Lawyers Real Estate has
been independently valued by a qualified valuer. The valuer determines the current market value
of the property, and
informs the vendor by way of a formal written valuation.
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Establishing the Price Range
Having established the current market value of the property, a range is set at 5% below and 5% above current market value. Setting a range allows
for the flexibility needed in commencing the negotiation process (see "Setting A Price" for further information).
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Negotiations
Every bid will be submitted direct to the vendor without
alteration or argument. If the vendor accepts the bid the bidder will be notified immediately. If the
vendor decides not to accept the bid, then usually a counter-bid will be made. In this way the
purchase price is "fine-tuned" between what the purchaser will pay, and what the vendor will accept. |
Most importantly, purchasers are encouraged to obtain independent legal advice
before making a commitment.
Fair Dealing
We always advise purchasers to obtain independent legal advice.
It is in the best interest of the vendor
to have a purchaser obtain independent legal advice
before signing a contract:
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Pre-contract Checks
A purchaser's lawyer will advise them to investigate any
matters of concern. For example; will the owners corporation allow animals in the unit? Have permits been obtained
for the new veranda? Will the bank approve finance in a reasonable time?
An informed purchaser is a satisfied purchaser.
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Perusal of the Contract
The purchaser's lawyer will check the contract of sale
and the section 32 vendor's statement
to ensure that everything is in order. Is the purchaser aware of the need to check the dimensions of the property? Does
the purchaser realise that they cannot build on the easement
at the side of the property? Will the covenant
against
removal of earth from the land prevent affect prevent the installation of a swimming pool?
A purchaser who knows what's in the contract is unlikely to have a "change of heart" later.
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General Legal Advice
A purchaser who obtains independent legal advice
before signing
a contract does not need the benefit of a ”cooling off”
option. This means that the vendor has the benefit of a final and unconditional contract as soon as
the purchaser's written offer is formally accepted.
An informed purchaser is decisive and prepared to commit.
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Both parties benefit when the purchaser is dealt with fairly.
Transparent Negotiations
Lawyers Real Estate takes pride in the transparency
of its sale procedures. Purchasers are encouraged
at every stage to seek assistance and advice from their own legal adviser. It is all part
of developing a good vendor-purchaser relationship, and ensuring that the sale is to everyone's satisfaction.
Ethical Practices
We don't just talk about ethics; we actually practice ethics in all of our dealings with consumers. When you
deal with Lawyers Real Estate you will be pleased to find:
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No separation of purchaser and vendor |
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No false sense of urgency |
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No conflicting interests |
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No false or misleading information |
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No pressure tactics |
See our testimonials page to find out what other consumers have had to say about us.
Legal Notice
All visitors to this website are advised to read our
Disclaimer regarding the limited use of information provided on this website.
© 2011 Lawyers Real Estate
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