Spring Selling Season Prep: What Buyers and Sellers Need to Know Now
Spring is usually peak property season across NSW and whether you're looking to buy or list, being prepared can make all the difference. From understanding your legal obligations to avoiding last-minute setbacks, here’s how to get ahead this spring.
Why Spring Is the Busiest Time in PropertyÂ
More daylight, better weather, and fresh motivation; spring has long been the favoured season for property transactions. Auction volumes surge, buyers come out in force, and listings often attract higher engagement.
But with increased activity comes more competition and more risk of rushed decisions. That’s why legal preparation is key for both buyers and sellers.
If You’re Selling: Get Your Contract Ready EarlyÂ
Under NSW law, you must have a complete and compliant Contract for Sale before advertising your property even on real estate websites.
That means:
- Engaging a property solicitor
- Preparing a contract that includes all required certificates and satisfies your vendor disclosure obligations (title search, zoning, drainage, planning info)
- Reviewing the terms to ensure they reflect your expectations
- Including disclosure of known defects or issues
At ClickLaw, we prepare sale contracts quickly and accurately, so your agent can list without delay, and you avoid the legal risk of advertising without one.
Learn more at NSW Fair Trading – Selling a property.
Other Legal Tips for SellersÂ
- Be clear on inclusions/exclusions – e.g. dishwashers, fixtures, garden sheds
- Get a building report – to pre-empt issues buyers may uncover
- Discharge your mortgage early – delays here are a common cause of late settlement
And remember, buyers can still negotiate after a building or pest inspection, even if the price was agreed. Having your legal team ready for this avoids losing the sale.
If You’re Buying: Don’t Let FOMO Rush Your DecisionÂ
When listings surge and auctions heat up, it’s easy to feel pressure to move quickly. But before you sign anything:
Have your contract reviewed
Your solicitor will check for:
- Unusual terms (e.g. penalties for late settlement, strange inclusions)
- easements or restrictions as to user
- Strata or body corporate responsibilities (if buying an apartment)
Risks you may not spot yourself
Understand your cooling-off rightsÂ
In NSW, private treaty purchases come with a 5-business day cooling-off period, unless you waive it by providing a s 66W on exchange. But auctions have no cooling-off period so get legal advice first.
What About Finance & Stamp Duty?Â
Pre-approval is essential in spring’s competitive market. But remember, pre-approval isn’t a guarantee. Avoid making large financial decisions (e.g. quitting your job or applying for more credit) until after settlement.
Also check your eligibility for:
- Stamp duty concessions via the First Home Buyer Assistance Scheme
- Grants for new builds or off-the-plan purchases
How Online Conveyancing Helps in SpringÂ
With tight timeframes and more activity, going digital helps:
- Exchange contracts faster
- Lodge documents online
- Track your settlement in real time via PEXA
- Sign documents from anywhere
At ClickLaw, our 100% online conveyancing service means buyers and sellers across NSW can stay in control, without the paperwork headaches.
Planning to buy or sell this spring? Get ahead of the rush with expert legal support from ClickLaw. Our fixed-fee online conveyancing means no surprises; just fast, clear, professional service. Contact us today to get started.
