Do I need a Solicitor or Conveyancer to assist me with my property purchaser or sale in NSW?

No, technically you do not need a solicitor or conveyancer to help with your property purchase or sale, however it is highly recommended due to the complexity and the chance of making costly mistakes. .

Will I have a cooling off period if I buy a property at auction in NSW?

No, When purchasing a property at auction in NSW you waive your right to a cooling off period. As soon as you sign the contract at an auction it is legally binding, and you are obligated to process with the purchase.

How long is a cooling off period for a NSW property purchase?

When purchasing a property in  NSW at a private sale (not at auction) there is a standard 5 day cooling off period when you sign the contract. However, you should first speak to your solicitor or conveyancer if you wish to shorten, waive or extend the colling off period before signing the contract. They can help with the negotiation and protect your interests.

Is there a “subject to finance” clause in NSW?

No in NSW there is no subject to finance clause.

Can we help with strata title purchases?

Yes, we can help with a strata title purchases

Do I need a Strata Report and/or a Building and Pest Inspection?

Yes, when purchasing a strata titled property you need both a strata report and a building and pest inspection.

Family Transfers – should I use a Solicitor or Conveyancer?

Yes, it is strongly recommended to use a Solicitor or Conveyancer when doing a family transfer due to the complexity of the task and process.

Should I have a Will?

Yes, everyone should have a will. Without a will the state will determine how your assets are distributed, this will allow the possibility of your assets being distributed to people or organisations which may not align with your preferences.

How often should I update my Will?

Updating your will is recommended before or after you have any major life events. It is essential as it will ensure it accurately reflects your current wishes and circumstances.

What happens if I pass away without a Will in NSW?

If you pass away without a will in New South Wales (NSW), your estate will be distributed according to the NSW intestacy laws. The laws may not reflect your personal wishes. Your family will also need to apply for letter of administration to manage your estate.

What is an Enduring Guardian and why is it important?

An Enduring Guardian is a person you appoint to make lifestyle, health, and medical decisions for you if you lose the capacity to make those decisions yourself. They will be able to make decision about where you live, or medical treatment you receive. If you do not have an Enduring Guardian appointed, the courts will appoint the Guardian.

What is a Power of Attorney?

A Power of Attorney (POA) is a legal document that gives a person the authority to act on behalf of another person in legal, financial, or medical matters.

Where are we located? 

GSM Law Group is located in New South Wales, Australia, with offices in:

• Maroubra (Sydney)

• Shellharbour (near Wollongong)

We also offer remote consultations and a mobile service for clients who prefer in-person meetings outside regular business hours.