Purchasing Property Lawyers

Secure your property purchase with The Norton Law Group

Welcome to The Norton Law Group

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Purchasing property is a significant financial decision that involves numerous legal considerations. 


Whether you are buying your first home, investing in property, or transferring property within your family, Norton Law Group is here to guide you through the process. 


Our expert legal team ensures that every aspect of your property purchase is handled with the utmost care and professionalism. 


Book a consultation with us today.

We Are the Leading Family Lawyer’s in Sydney.

Speak with one of our property lawyers today.

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Steps to Purchasing Property

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  • Market Valuation: Begin by determining the fair market value of the property. This can be achieved through market appraisals or a formal valuation. 
  • Negotiation: Establish a fair purchase price through negotiation with the seller. It is essential to agree on terms that satisfy both parties. 

  • Conveyancing: Engage a solicitor or conveyancer to manage the legal aspects of the transaction. This includes preparing the Contract for Sale or Transfer documents. 
  • Title Search: Conduct a title search to ensure there are no encumbrances or legal issues with the property. 

  • Mortgage: If you require financing, secure a mortgage through a lender or mortgage broker. 
  • Family Financing: If purchasing from family, consider formalising any loan agreements to ensure clarity and legal compliance. 

Legal Processes and Documentation

Contract for Sale

Preparation: A Contract for Sale outlines the terms and conditions of the property transaction. It includes details about the property, the purchase price, and any special conditions. 

Review: Both parties should review the contract thoroughly with their legal representatives to ensure all terms are agreed upon. 

Transfer of Property

Conveyancing Process: The transfer of property ownership is handled by conveyancers, who ensure all legal requirements are met and the property title is correctly transferred. 

Stamp Duty: Calculate and pay any applicable stamp duty, which varies depending on the state or territory. 

Special Considerations

Buying from Family

Fair Valuation: Ensure the property is valued at a fair market rate to avoid disputes and potential tax implications. 

Family Agreements: Clearly outline any special arrangements in a formal agreement to prevent future misunderstandings. 

First Home Buyers

Grants and Concessions: First home buyers may be eligible for grants and stamp duty concessions. Check with local authorities for current schemes and eligibility criteria. 

Legal and Tax Implications

Legal Advice

Solicitor Consultation: Consult with a solicitor to understand the legal implications of your property purchase, including any potential liabilities. 

Due Diligence: Conduct thorough due diligence to uncover any hidden issues or costs associated with the property. 

Tax Considerations

Capital Gains Tax: Be aware of potential capital gains tax implications if you plan to sell the property in the future. 

Other Taxes: Consider other tax obligations, such as land tax, that may apply to your property. 

Supporting You Every Step of the Way

Purchasing property is a complex process that requires careful planning and expert legal guidance.  At Norton Law Group, we are dedicated to ensuring your property transaction is smooth and legally sound.  Our experienced team is here to assist you at every step, from initial negotiations to final settlement.  Contact us today to schedule a consultation and take the first step towards securing your new property. 

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