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Buying through Lawyers Real Estate
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. Which 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 is that 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.
You can also download the disclosure documents at the same time.
Easy bidding process
It has never been easier to buy real estate. Just fill in a no-obligation "Bid to Buy" form, either online or in hard-copy, to put your bid to the vendor, and to get negotiations happening. Or use the same form to make a "Knock-Out Offer". Either way, you are safe in the knowledge that you have not signed a contract or a binding offer, and you are not committed to buy until you are ready to commit.
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No appointment in an "escape-proof" estate agent's office
A real estate purchaser once made the comment, "When you're in the estate agent's office is like being in the lair of some arch villain; you feel as though they've got you in their clutches". You'll never have to attend at our office unless it is your preference to do so. Because our service is web-based, you can negotiate your purchase without having to travel. Visit our purchaser facility www.SLOD.com.au for more information.
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No "holding deposits" on documents
Sometimes purchasers are required by estate agents to pay a "holding deposit" or "agent fee" just to see the disclosure documents. This can cause unnecessary delay and ill-feeling.
We provide potential purchasers with prompt and easy access to the disclosure documents.
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Download PDF documents
It is possible to download a complete copy of the disclosure documents and a "Bid to Buy" form from the property listing at www.SLOD.com.au.
Just go to www.SLOD.com.au,
locate the property you are interested in, and click the disclosure document download 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 nominates the
price of the property, and a conflict of interests is inevitably involved. Deception in real estate pricing is a well-known phenomenon, with contrived price "ranges",
unrealistically high "ambit" prices and frustrating underquoting.
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.
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Negotiations
Every bid will be submitted direct to the vendor without
alteration or argument. If the vendor decides that the bid is acceptable, and a formal contract will be prepared. If the
vendor decides not to accept the bid, then 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. |
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 buying real estate:
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Pre-contract checks
Your legal representative will advise you 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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Checking of the sale documentation
Your legal adviser will check the disclosure documents
to ensure that everything is in order, and answer any legal questions you may have.
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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 can have the benefit of a final and unconditional contract as soon as
the purchaser's offer is accepted.
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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 purchaser testimonials page to find out what other purchasers 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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