🖊️ Signing a Contract to Purchase: What You Need to Know

🖊️ Signing a Contract to Purchase: What You Need to Know

Found the one? That’s exciting! 🎉 Once you’ve made an offer and it’s been accepted, the next big step is signing the contract to purchase. It’s a major milestone — but it doesn’t need to be stressful. Here’s a simple breakdown of what happens, what to check and how we help make sure it all goes smoothly.

🧾 What Is a Contract of Sale?

A Contract of Sale is the legal agreement between the buyer and seller outlining:

• The purchase price

• Key dates (like settlement and finance)

• Any conditions (e.g. subject to building and pest, finance approval)

• Inclusions (like dishwashers, curtains or sheds)

• The deposit amount and when it’s due

It’s important you understand exactly what you're signing, which is why we encourage all buyers to review the contract with a solicitor or conveyancer.

✅ Things to Check Before Signing

Here’s what to review before you put pen to paper:

• Your legal name is spelled correctly

• The property address and inclusions are accurate

• Your finance clause gives you enough time to secure approval

• You’ve included a building and pest clause, if applicable

• You’re happy with the settlement timeframe (usually 30–60 days)

Ask questions — no question is too small. This is what we’re here for!

💰 What About the Deposit?

Once contracts are signed by both parties, you’ll be asked to pay the deposit — usually 5–10% of the purchase price, unless negotiated differently. This is held in trust until settlement and shows you’re serious about the purchase.

⏳ What Happens Next?

Once the contract is signed, we keep the process moving by:

• Sending copies to your legal representative

• Confirming key dates (finance, inspections, settlement)

• Following up on your conditions and communicating with the seller

• Keeping everyone in the loop — so nothing is missed

We’re with you every step of the way to make sure it all stays on track.

🤝 Let’s Make It a Smooth Purchase

Buying a property is a big deal — and we’re here to make it feel less overwhelming and more exciting. With the right support and clear communication, signing the contract is just the beginning of your journey home.

Ready When You Are
@ Real Estate 💚