Property & Conveyancing
At Karnib Law Group, we understand the significance and the potential anxiety that accompanies the decision to purchase or sell a home or an investment property. Our committed team are devoted to simplifying this process for you.
Leveraging our extensive experience in property transactions, our experienced Lawyers and Conveyancers specialise in navigating the complex legal intricacies associated with contracts related to purchase and sale of real property and commercial property.
Conveyancing is the process of transferring and registering property title from one party to another. This transfer can be prompted by various circumstances such as the buying or selling of real estate, property settlements in family law cases, or transfers between family members, trusts, or corporate subsidiaries.
We are able to facilitate Conveyancing transactions in Australia, particularly in New South Wales, Queensland and Melbourne. At Karnib Law Group, we have you covered and will be by your side every step of the way. Our team works meticulously to ensure you stay informed of the process every step of the way and communicates regularly, never leaving you in the dark.
The team at Karnib Law Group will ensure you are given the advice, time and care you need to protect your interests every step of the way.
Purchase of Residential Property
When purchasing residential property, there are typically three main stages involved: pre-purchase investigations, contract exchange, and settlement. The goal of the conveyancing process is to ensure that the new owner acquires a clear title, has knowledge of any registered interests on the property (such as easements or rights of way), is content with its designated use, and understands the condition of any buildings. Achieving these objectives involves conducting thorough searches and inquiries both before and after the exchange of contracts. Additionally, it is important to address stamp duty and GST considerations during this process.
We offer Contract Review at competitive rates so that before you place an offer or bid at an auction, you are fully informed of the terms of the Contract for Sale. The team at Karnib Law Group are also able to seek amendments to the Contract for Sale to improve your position and accommodate your specific needs to your circumstances. The terms of the Contract for Sale can even be negotiated prior to an auction of a property, so that if you are the successful bidder the negotiated terms of the Contract for Sale will be in effect.
We recommend all potential purchasers complete a Pest, Building and Strata Inspection/Report (if applicable) prior to purchasing property or during any cooling off period that would be in place to ensure you are protected and know all the details surrounding the property, after all it is a big investment.
We at Karnib Law Group are able to facilitate the exchange of the Contract for Sale whereby the transaction becomes legally binding and enforceable. Post exchange the team at Karnib Law Group will liaise with all associated third parties such as banks, land registry services, council, Revenue NSW and the real estate agent if necessary to make the process as seamless and stress free as possible.
Thinking about purchasing Property in NSW Off the Plan?
Buying off the plan in NSW involves purchasing a property that has not yet been built or land, the plan for which has not yet been registered with NSW Land Registry Services. An off the plan purchase may not settle for two to three years after negotiations.
Most of the time, off the plan contracts of sale are lengthy and contain many special conditions and variables such as a series of completion dates/sunset clauses, providing a buffer to allow vendors additional time to finish the project and complete the contract. The contract also allows for variations in design, size and finishes subject to permissible limits.
Once the development is completed and the plan is registered, notice is given to the purchasers and settlement will usually have to occur in approximately 14 days.
It is important you are advised of the off the plan contract of sale adequately to ensure you know exactly what you are getting yourself into and to know your rights and obligations under the contract.
Sale of Residential Property
At Karnib Law Group, our team are experienced and skilled in preparing a proper and adequate Contract for Sale to suit your needs (as the vendor) and to ensure your compliance with all the relevant legislation and regulations. We offer a quick turnaround for the preparation of the Contract for Sale to sell your property and our team works hand in hand with real estate agents to ensure a smooth and stress-free process from marketing your property all the way up to settlement. You will be adequately represented, and your best interests will be protected at all stages of your sale by the team at Karnib Law Group.
Our team is also able to prepare off the plan Contract of Sale and complete the lengthy process from start to finish.
Thinking about selling your property? Contact us today and let us handle all of it for you.
Purchase and Sale of Commercial Property
Buying or selling commercial property? Contact us today and let our experienced team help you navigate through the process. Don’t worry, we’ve got you covered!
The purchase and sale of commercial property involves similar processes as residential property with minor adjustments that need to be made to ensure compliance with the conveyancing regulations.
Review of Loan Documents and Independent Legal Advice
Loan documents can look like a never-ending stack of papers that make no sense! Fortunately, Lawyers love paperwork and the team at Karnib Law Group can perform the task of reviewing the loan documents and providing you with necessary advice.
The team at Karnib Law Group are able to assist in explaining the loan documents in simple terms so you understand your rights and obligations before you sign as well as the risks involved. Once you sign you are locked in the loan agreement and bound by the terms, so its recommended you get the legal advice before you sign anything so that you know what you are signing.
We can review and provide advice on all types of loan documents including:
Mortgage documents;
Home loans;
Commercial loans; and
Guarantor advice.
At times, your lender will require that you obtain independent legal advice as a condition to for obtaining the loan. The lender can require the borrowers as well as any guarantors to obtain the independent legal advice. The team at Karnib Law Group have assisted many clients in these situations and offer a quick turnaround as we know these documents are needed quickly so there is no hassle with your loan. We have your best interest at the forefront of our minds, and we are ready to review loan documents and advise you of the terms and conditions, your rights and obligations as well as the risks involved in obtaining the loan from the lender.
If you are looking for Lawyers to provide quick and accurate legal advice to get your loan moving along, then the team at Karnib Law Group are ready and waiting for you to get in touch.
