When should I engage a conveyancing lawyer when buying a property?

It is best to engage a conveyancing lawyer before you start seriously inspecting properties. This allows you to act quickly when a suitable property is found and have the contract reviewed before signing.

If you have already found a property, engage a lawyer as soon as possible and always before exchanging contracts.

In NSW, once contracts are exchanged, changes are difficult and costly. During the cooling-off period, buyers risk forfeiting part of their deposit if they withdraw.

Your conveyancing lawyer will explain these risks clearly and help ensure you take all necessary steps to minimise them.