Conveyancing

This Plain English Guide answers some of the more commonly asked questions about buying real estate ‘off the plan’ and should be read in conjunction with Coleman Greig’s Plain English Guide to Buying Real Estate.

Most home units, town houses or villas in New South Wales are held under Strata or Community Title. Strata and Community titles are particular types of Torrens Title. When you own a house or a block of land you usually have absolute ownership of not only the house and land but also the air space above the land and the earth underneath.

The sale of your home is likely to be one of the most important transactions you enter into. Not only will substantial amounts of money be involved but the event will involve a significant change in your personal affairs.

There are few more important transactions than buying real estate. You are making a major financial investment and the purchase is likely to result in changes to your personal life. Buying real estate is usually an emotional process and it is important to make sure that you are not “blinded” by this emotion.