When should I obtain a conveyancing quote?

Whether you are buying or selling property, you should obtain a conveyancing quote as early as possible in the transaction process.

If you are buying, you should get a conveyancing quote before you decide to make offers or attend serious inspections. In NSW, once contracts are exchanged, it can be difficult and expensive to make changes. Buyers who withdraw during the cooling-off period may lose part of their deposit.

Having a lawyer ready means contracts can be reviewed quickly and potential issues identified before you sign. If you have already found a property to purchase, you should engage a lawyer immediately and always before contracts are exchanged.

If you are selling, it is best to engage a conveyancing lawyer when you appoint your real estate agent. This allows the contract of sale to be prepared in advance, so your property can be marketed without delay.

Your lawyer will then manage the legal process from contract preparation through to settlement, including arranging mortgage discharge and ensuring sale proceeds are paid correctly.