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You are here: Home / Property Law / Property FAQ

Property FAQ

1. Why do I need to use a lawyer when selling my home?

You will be making one of the largest purchases or investments in your life. At Hanna Lawyers we ensure you will get the right advice from an experienced lawyer so the transaction runs smoothly and you can simply focus on packing and moving into your new home.

2. What is the difference between a Lawyer and a licensed conveyancer? 

A conveyance deals only with the sale and purchase of property. A lawyer deals not only in property law but other areas of law, including litigation and wills and estates. If a sale or purchase transaction goes bad, then a lawyer will be able to attend Court and appear on your behalf.

3. If I am selling property, what are my obligations?

You must disclose all details of the property to the purchaser. This is done when your lawyer prepares the contract.

4. If I am buying a property, when am I locked into a contract?

You are locked into a contract when contracts are exchanged (ie. when the contract is dated). We ensure exchange does not take place until you are certain you wish to buy the property, you have obtained unconditional finance approval from your financial institution, the building and pest and/or strata reports are satisfactory, and most importantly the contract is in order.

5. What happens if I withdraw from a contract to buy a property?

After contracts have exchanged you are in a binding agreement. Depending on the conditions of the contract, you may be liable to lose your deposit paid (usually 10% or less) plus you can be sued for further damages that the vendor sustains as a result of you failing to complete the contract.

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Hanna Lawyers

As a small Wollongong law firm we pride ourselves on providing a personal service in which the client deals directly with the solicitor with carriage of the matter.

We provide a high quality service which is efficient and affordable.

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Contact Us

Suite 8, 128-134 Crown Street
Wollongong NSW 2500
02 4228 0084
[email protected]
9am – 1pm & 2pm – 5pm weekdays

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