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Did you know that getting the right legal advice when purchasing property is critical to your success as a first home buyer? In this episode we’re going to be delving into the legal side of buying your first home. What’s in a contract? What’s NOT in a contract? What questions should you be asking your conveyancer or lawyer? We answer all those questions and more so tune in to today’s episode! See you on the inside! Episode Highlights: ● Welcome to Your First Home Buyer Guide! [00:00] ● Why a buyer needs legal advice and when to get it [03:33] ● The difference in vendor disclosures in the NSW versus other states [06:33] ● Knowing what to ask your conveyancer is important to get the right searches [08:11] ● The differences (and similarities) between lawyers and conveyancers [10:37] ● Challenges people face when going for the cheapest option [12:36] ● The biggest financial commitment as a first home buyer [15:20] ● Acquiring a 66W certificate to waive the cool off period in NSW and to waive it in other states [16:51] ● Conditional contracts versus Unconditional contracts [17:55] ● The Sunset Clause [19:25] ● Some first home buyers get caught up in government benefits for buying off-the-plan [24:04] ● Your schedule of finishes should have brand names [24:41] ● What happens when you sign a contract with a cooling-off period? [28:14] ● A look into gazumping [29:49] ● Mistakes first home buyers often make [34:02] ● Veronica’s story about a vendor who wasn’t prepared to meet the market [38:43] ● Getting pest and building inspection reports [42:25] ● Advice for first home buyers looking for the right conveyancer [44:09] Links from the show: ● Check out our Where to Buy workshop: https://homebuyeracademy.com.au/workshop ● Register for our June 19th Stepping Stone Workshop at https://homebuyeracademy.com.au/ssw! About our guest: Jennie Tonner has more than 30 years of experience with two of Australia’s leading law firms: Mallesons Stephen Jaques and Allens Arthur Robinson, and has been running Cremorne Conveyancing for nearly 7 years. ● Learn more about Cremorne Conveyancing: https://cremorneconveyancing.com.au/ Connect With Us: ● Home Buyer Academy Website (https://www.homebuyeracademy.com.au/) If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey! #FirstHomeBuyer #Conveyancer #PropertyInvesting