Whether you are selling or buying residential, commercial or industrial property, we understand the life-changing impact securing a property can have on our clients.

Hurrying through the process without the appropriate due diligence could result in important information being overlooked along the way.

Why use Maxim Legal to buy or sell property?

At Maxim Legal, we aim to achieve best possible outcomes for our clients. For this reason, it is important for us to assist you in carefully reviewing all conditional documentation for your proposed purchase or sale to ensure you make an informed decision in regard to the intended property transaction. The aim is avoid any nasty surprises well after completing the purchase or sale of the property.

Our experience with buying and selling property enables us to ask the right questions and look at the whole picture concerning a particular property transaction.

We obtain our information from Land Information Memorandums (LIM reports), titles, digital databases and public information that we have access to, then raise any concerns we may have and point out any potential inconsistencies regarding the property transaction.

We review all available information relevant to your proposed property transaction, then provide to you an extract of this information in an understandable form.

The importance of due diligence before bidding at auctions

A large amount of property is sold through auction instead of being sold by negotiation.

When a property is purchased by negotiation, the buyer generally makes an offer through a real estate agent who prepares the contract. The purchaser then, in most instances, makes this contractual offer conditional on the purchaser being satisfied with a LIM report, building report and obtaining sufficient finance. If any of the conditions are not able to be satisfied, then the purchaser is generally entitled to cancel the agreement.

When purchasing a property at auction, there are usually no conditions in the contract and the purchaser is expected to have done all research prior to bidding on auction day. The purchaser, therefore, needs to know everything is acceptable regarding a property before bidding at auction. In most instances, a purchaser can expect to bid at numerous auctions before being the successful bidder for the purchase of a residential property. Unfortunately, this often means that for each house that the purchaser wishes to bid, all the checks need to be undertaken prior to the auction.