Selling the Farm - Differences Between Residential and Rural Property

If you are considering buying or selling a rural property, there are some important differences to buying residential property to keep in mind. When selling a farm, you need to think carefully about what will go with it. You also need to understand that there are differences in how you are allowed to market a rural property when compared with a residential property.  When buying, you need to understand how your rights are affected once you exchange contracts.

Read More
Andrew Zingler
Online Conveyancing – Is it right for you?

Almost anything can be done online nowadays, and using an online conveyancing solicitor offers you convenience, without sacrificing any of the consumer protections available when you use a lawyer.  An online solicitor can meet with you anywhere, and will save you time.  By using technology, you are able to complete a number of necessary steps at home that would otherwise require travelling to an office, and waiting for your lawyer to meet with you.

Read More
Early Possession – Moving in before Settlement

It is possible for the parties to agree to an possession date before settlement is finalised, but neither party can be forced into this arrangement.  Costs associated with the property generally transfer at the time of possession, rather than at settlement.  This means that the purchaser will need to take responsibility for insurance sooner than they would otherwise, and adjustments in council rates and other charges will be calculated from the date of possession. 

Read More
Family Guarantees on Loans: What You Should Know Before Becoming Guarantor

Many parents decide to Guarantee their child’s home loan to help them break into the property market.  Banks will generally be prepared to loan with less of a deposit or without Lenders Mortgage Insurance where a parent does this.  The risks are significant.  Should your child not be able to pay, you will be left liable to repay their mortgage, or sell their property, and sell your property to cover any shortfall. You should never enter into a bank guarantee without legal advice.

Read More
conveyancingAndrew Zingler
Buyer Beware! But of What?

Many kinds of defects might come up when buying a property, but they will rarely allow you to back out of the purchase.  It is wise to obtain building and pest inspections before exchanging contracts.  This way, you will have an understanding of any structural problems with a property. But remember, not all defects are structural, so having an idea of the kinds of defects to be wary of will give you an understanding of the enquiries that should be made before you buy. As a general rule, you buy a property as is, and the doctrine of caveat emptor means that you must make your own enquiries into the condition of the property.

Read More
conveyancingAndrew Zingler
Capital Gains Tax in Property Transactions

As a general rule Capital Gains Tax is payable on any profit made when selling a property, unless that property is your primary place of residence or it was purchased before 20 September 1985.  There are exceptions to this rule, and your accountant will be able to give you specific advice on when Capital Gains Tax applies.  When selling a property for more than $750,000, a Foreign Resident Capital Gains Withholding (FRCGW) clearance certificate should be obtained, or the purchaser will be required pay 12.5% of the sale price directly to the ATO at settlement.

Read More
conveyancingAndrew Zingler
What is Probate?

The Law is full of old fashioned terms which never appear in ordinary conversation, and probate is one example of this. As an executor you don’t need special training, but you will need understand the process.  Hopefully, we will be able to help you understand what Probate is, so that you can make a start on discharging your duties under a Will.

Read More
ProbateAndrew Zingler
Getting ready to sell – A Conveyancing Checklist for Sellers in New South Wales

It always helps to be prepared, and consulting a conveyancing checklist like this one before speaking to a Lawyer might save you time and money. When you decide to sell residential property, you need to prepare a Contract of Sale before you can advertise. Some of the documents you need to put the contract together take time to obtain. We will be happy to help you through this process.

Read More
Selling Property – a detailed Guide to the Conveyancing Process in New South Wales

If you are reading this article, you are probably facing a significant decision: Is it time to sell your home or investment property?

We can’t help you with that decision.  We can help you by making the process easier to follow.  We hope that this article will go some way to removing the uncertainty around the process of the sale of real estate in New South Wales. It is hard to sell your home. Hopefully we at Zingler Legal can make the process a little easier.

Read More
Buying Property – A detailed guide to the Conveyancing Process in New South Wales

You’ve spent hours searching real estate websites, and sacrificed every weekend for months.  You’ve finally found the house of your dreams, and you are ready to make an offer or bid at an Auction. This is an exciting time, but given it might be the biggest purchase you’ve ever made, it might be a bit scary too.  It helps to know what’s coming over the next couple of months.  Let us guide you through the process of what happens next.

Read More