Buying your home

Some common questions about buying a house:

If you need financial assistance to buy a house, finding a loan (or mortgage) is an important step in the process towards owning your home. The property you are buying essentially acts as security for the mortgagee (the lender) so if you fail to make your loan repayments, the mortgagee can sell your house to pay the debt. When deciding on the loan that best suits you, you need to consider the term of the loan (the length of time you have to repay it), the principal to be borrowed (the amount you are borrowing) and the the amount of interest to be paid. A Stacks Conveyancer can go over the terms of the loan with you and answer any questions you may have. We will then work with your finance provider throughout the conveyancing process to make sure they have all of the necessary documents, and to help speed up your loan approval.

It’s a tax charged by the government when you buy a house. The amount will depend on the property’s value, and whether you are entitled to any concessions such as the First Home Owners grant.

After you sign the contract of sale there is a period of 5 days during which you can change your mind (unless you have agreed to waive those rights.) If you decide not to go ahead, you will lose 0.25% of the purchase price from the deposit you paid. You will get back the balance of the deposit though and be free to walk away from the Contract.

This means that someone else has a right to use the land for a specific purpose, even though you have the legal property title. For example, an electricity authority may have a right of way to access your property in order to run power lines and maintain or repair equipment.

If you are buying a new home you may be entitled to this government grant. The amount will depend on the date of the contract to buy the new house. For transactions on or after 1st January 2016 the amount is $10,000. We can advise you about whether you meet the criteria for this grant.

Our experts

Postcode

News

Sydney developer uses squatter’s rights to claim ownership of a property in NSW
09 May 2019
A decision in the NSW Supreme Court has ruled in favour of a property developer ...
Read More
Escaping city life and moving to the country? Make sure you do your due diligence
08 May 2019
Greater numbers of city dwellers are considering moving to the country to enjoy ...
Read More
Option agreement to buy land must be in the appropriate form – developers take note
26 Apr 2019
What is an option agreement? An option agreement is a contractual document ...
Read More
Before buying property with friends be aware of the potential pitfalls
11 Apr 2019
Co-ownership an obvious option in a high-priced property market With sky-high ...
Read More
A win for off-the-plan buyers in NSW – developers can no longer use sunset clause for financial gain
05 Apr 2019
A recent landmark judgement in the NSW Supreme Court gave off-the-plan apartment...
Read More
What happens at settlement when you buy a home – and what can go wrong
12 Jul 2018
Buying a new home or a property can be one of the most exciting events of your ...
Read More
“I can just convert my shed into a granny flat without getting council approval, can’t I? Who would know?” – Wrong!
21 Jun 2018
Changing the use of a non-habitable area into a habitable area should not be ...
Read More
Compulsory acquisition of properties in NSW now not so certain
15 Jun 2018
A landmark court decision has delivered a blow to the NSW government’s ...
Read More
Joint tenants or tenants in common – which one should you choose?
18 May 2018
I often get asked “What is the difference between joint tenants and tenants in...
Read More
Window safety devices for strata schemes in NSW intended to promote child safety
26 Apr 2018
From 13 March 2018, all strata buildings in New South Wales must be fitted with ...
Read More
Electronic property settlements through PEXA point to future obsolescence of all paper contracts
08 Feb 2018
The final process in any property transaction is the settlement, when the ...
Read More
Conveyancing through the ages in NSW
01 Feb 2018
Have you ever thought about the evolution of land ownership in New South Wales ...
Read More

Why Stacks


No hidden fees
Nobody likes surprises on their bills, so we take the time to agree with you exactly what our work will cost before we do it (not after!)

Deep expertise
Our lawyers aren’t ‘general practitioners’, they’re experts in their chosen fields of practice (many are Accredited Specialists)

Practical advice not legalese
We provide clear, practical advice, in plain English, so that you can make decisions with confidence


Over 25 local offices
Our local offices are owned and operated by friendly, local professionals, who are proud and active members of the communities they serve

Real client care
Genuine care for clients has been at the core of our practice since the first office was opened by ER Stack on the NSW Mid-North Coast in 1931

Progressive practice
We invest in technology and systems so that our services are always cost effective and clients are in control of their own legal affairs

More about our promises

Get help now

It's easy to get help, just tell us your story and we'll help you understand all your options. If you’d like us to help, we’ll agree exactly the work you'd like us to do up front so that you can be certain about our costs.

Your enquiry is completely confidential.

Fill out this form and one of our experts will contact you
within one business day

By submitting this form you agree to the terms of our Privacy policy