Review my contract
Contract review before auction · NSW

Bidding this weekend?
Read the contract tonight.

At auction there is no cooling-off: the moment the hammer falls, the contract is binding as written. Upload it now and in a few minutes you'll know what's unusual in it and what to ask for before auction day.

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Why before, not after

Everything you'd want changed has to be asked for before Saturday.

No cooling-off at auction

A private-treaty buyer gets five business days to change their mind. An auction buyer gets none: the contract is exchanged on the spot, unconditional, deposit paid.

The terms are negotiable now

Deposit amount, settlement period, a clause releasing the deposit early, default interest above the usual rate: vendors often agree to changes in the days before auction, rarely after.

Walk in with the questions written down

The review gives your conveyancer or solicitor a list to work from, so the pre-auction call is about this contract, not the basics.

What we check

The parts of an auction contract that cost buyers money.

Settlement periodIs there enough time to get your finance unconditional?
Deposit and early release10% or less, and can the vendor spend it before settlement?
Default interest and penaltiesWhat you pay if settlement slips, and whether it's fair
Special conditions that change the standard contractPrinted clauses deleted or amended, and what that means for you
Planning certificateZoning, flood, bushfire, heritage, road widening, and how old the certificate is
Title, easements and covenantsEvery registered dealing, explained
Sewer and water diagramsWhere the mains run under the property
Strata by-laws and leviesSpecial levies already decided, pet and renovation rules
Land tax and adjustmentsWhether you're being asked to share the vendor's land tax

Plus an indicative stamp duty figure for your situation, so the number you bid to is the number you can afford.

Before you bid

Questions auction buyers ask.

Is there a cooling-off period when you buy at auction in NSW?

No. When the hammer falls at a NSW auction the contract is binding and there is no cooling-off period. Anything you would have wanted changed has to be negotiated before auction day.

How long does a contract review take before an auction?

A Xunmu review takes a few minutes for most contracts; a large scanned contract can take up to ten. Upload it the evening you receive it and you have the findings before you talk to your conveyancer or solicitor.

Can I ask for changes to an auction contract?

Yes, before the auction. Deposit amount, settlement period and some special conditions are often negotiable with the vendor's solicitor in the days before. Your conveyancer or solicitor makes the request; the review tells you what to ask for.

Is the review legal advice?

No. Xunmu is not a law firm. The review is general information about the contract, with the page each finding is on and the question to put to a licensed conveyancer or solicitor, who gives you the advice.

Pricing

Free. No catch.

Verify your mobile and the whole review is yours. You never pay Xunmu: the only prices on this page are our partner conveyancer or solicitor's own.

Your contract reviewFreewith a verified mobile
  • A preview the moment it's read; everything once you verify
  • Every item explained, with the page it's on
  • The question to ask about each
  • Your stamp duty estimate
  • Strata or community title? The strata report read too, worked out for your lot
  • A PDF to keep and share
  • Scanned contracts read too
A free 20-minute call with a partner conveyancer or solicitor
Book it from your report. Not the right fit? Tell us and we can arrange another.
If you want them to handle your purchase
Conveyancing on a standard residential purchase$990

$990 is $900 + GST, plus disbursements — the third-party costs such as title searches, certificates and PEXA fees, passed on at cost. Your contract review is part of it. What counts as standard is on the pricing page. Paid to them, not to us. Never required.

Not legal advice. Calls are with an independent, licensed partner conveyancer or solicitor, who may pay us for the introduction. Once you verify your mobile, our team may call you once about the free call; a partner firm gets your details only if you book or ask for an introduction; see our terms.

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