Rural, urban, commercial and domestic conveyancing for Glen Innes and the New England Region. The firm's principal, Bill Liston, is an experienced conveyancer with many successful years of handling conveyancing transactions for purchasers, vendors and mortgagees.
For more than thirty years Bill has prepared contracts for the sale and purchase of urban and rural land, advised prospective purchasers and vendors on the legal issues involved in property transactions and used his considerable experience and knowledge of the New England area to arrive at a satisfactory result for his clients
Purchasing or selling a property is one of the most important transactions you undertake in life. Liston Legal ensures your purchase or sale is completed competently and efficiently.
Residential conveyancing is the process by which the ownership of a property is transferred from one person to another. It is a complex process that needs to be completed according to the terms of the contract for sale. It is subject both to NSW and federal legislation. It is legal to manage your own conveyancing, but the security of your purchase depends on full compliance, meeting all conditions, and adhering to all dates. Therefore, it is not recommended that you attempt to undertake your conveyancing yourself. At Liston Legal, our specialist conveyancers will ensure that your purchase or sale is completed competently, efficiently and on time. We are experienced in handling transactions involving all land titles, and can offer legal advice or take legal action in relation to your property.
When purchasing a residential property in NSW, the buyer and seller can agree to have a 5 business day cooling-off period after exchanging contracts. During this period, which begins as soon as contracts are exchanged and ends at 5pm of the fifth business day, the buyer can change their mind and not go through with the contract. In this case, they will be required to pay the seller 0.25% of the purchase price. If you are buying a property, it is important to use the cooling-off period effectively. You can, for instance, use the time to make changes to the contract provided both parties agrees. Crucially, you should consult with Liston Legal during this period to make certain you understand the terms of the contract in full, including all of your obligations, and ensure that your finances are fully in order.
A 66W certificate indicates that the buyer of a property does not want to take advantage of the cooling-off period. In this scenario, the contracts become binding as soon as they are exchanged. In some cases, a seller may require the 66W certificate to be provided when contracts are exchanged. Especially in an overheated ‘sellers’ market,’ a buyer may be keen to close a deal as soon as possible and so decides not to take up the cooling-off period. If you are considering this course of action, ensure that you speak to Liston Legal as to whether this is right for you, as there are inherent risks involved. Most importantly, if a buyer does decide to issue a 66W certificate but then backs out of the deal, they are required ny law to pay a penalty equal to 10% of the purchase price.