Things to know before signing a property contract: Our conveyancing tips

Signing a property contract is a significant commitment, and what happens before you sign can have a lasting impact on how smoothly the transaction unfolds. In South Australia, property contracts are legally binding once signed, with conditions, deadlines and obligations taking effect immediately. This guide outlines what you need to understand before signing, common risks to be aware of, and how early conveyancing advice can help you avoid delays, reduce stress and proceed with confidence.

When you sign a property contract, you are entering into a legally enforceable agreement that sets out what each party must do and by when. From that point, obligations start to apply and dates begin to matter, which is why clarity and communication are so important.

Many contracts include conditions, such as finance approval or building and pest inspections, with specified deadlines for satisfying or waiving them. Meeting these dates is critical because missing a deadline can change (or waive) your rights or delay settlement.

We explain what each condition means in practice, set reminder dates from day one, and proactively coordinate with lenders, agents and counterparties, chasing and escalating early, so milestones are met and there are no surprises.

Cooling-off always applies

Not every transaction has a cooling‑off right (for example, auctions). Where cooling-off does apply, it runs for a defined, limited period and there is a prescribed process which must be correctly followed to exercise the right. You should obtain advice on cooling-off prior to contract signing – or it may be too late. We explain whether cooling-off applies to your contract and what steps, if any, are necessary.

Conditions automatically extend

Timeframes in contracts usually do not extend themselves. Extensions generally need agreement from the other party, which is why early communication and proactive management matter.

Nothing happens for weeks after signing

Much of the work happens behind the scenes - ordering searches, coordinating with agents and lenders, and preparing for settlement - so silence does not mean inaction. We tell you what is happening and what comes next. The contract should be provided as soon as possible and regardless of a long settlement period, to allow preparations to get underway to ensure the process is as smooth and efficient as possible.

Engaging late reduces options

Leaving it until after signing to involve your conveyancer can compress timeframes and limit negotiation leverage. Involving your conveyancer as soon as possible gives the best chance to reduce risk and delay.

When to involve a conveyancer

As soon as possible. If you have already signed, speak to us promptly so we can confirm your key dates, explain any conditions and keep the matter moving efficiently.

Throughout the transaction, expect regular updates and direct access to your conveyancer, with legal expertise available from DMAW Lawyers if needed.

Our role is to help you understand what you’ve committed to, keep you informed at each step, and manage the transaction in a clear, well‑organised way so you can proceed with confidence.

Whether your transaction is straightforward or complex, Beyond Conveyancing is here to guide you through the process with clarity and confidence.

Learn more about our conveyancing services and how Beyond Conveyancing works alongside DMAW Lawyers.

Beyond Conveyancing – Clear advice, when you need it most.