The must knows when buying
Buyers guide
Looking to buy
Klemich Konnect
Stay ahead of the market. Register your interest as a buyer to receive exclusive alerts when new properties become available.
Everything you’ll need
Forms
You’ll need these to purchase or sell a home. Please take the time to review them carefully.
- Cooling
off certificate and waiver
If youʼve made an offer prior to auction, the vendor may require you to waive your cooling-off rights as a condition of sale. This form will certify that you have been advised of the ramifications of waiving the cooling off period by an authorised solicitor, and that you wish to proceed with waiving the cooling off period.
- R1 Sales agency agreement
Before you enter a sales agency agreement with a Klemich agent, you are entitled to receive a list of your rights and obligations as a seller. This form sets out the formal and legal relationship between us.
-
R2 Disclosure of benefits
If an agent receives any benefit from a third party during the course of selling your home, they must disclose it to you. At Klemich, we will always let you know about any benefits we receive by providing you a copy of this form.
-
R3 Buyers information notice
It’s always best to assess factors of safety, enjoyment, and value when considering a home to purchase. This form provides a checklist of questions and considerations to ensure youʼre buying a home thatʼs fit for you.
-
R4 Bidders guide
If you've registered to bid on a home, the agent must provide you a copy of this guide. It contains everything you need to know about the bidding and the auction process.
- R5 Collusive practices
If you intend to bid on a home, you should know it is unlawful to engage in collusive practices. Read this form to find out more.
- R6 Warning notice to purchaser
Special circumstances may arise where an agent acts on behalf of both the vendor and the purchaser. In this case, this form will need to be read and signed as receipt of acknowledgement.
- R7 Warning notice
You should assess the suitability of any purchase of the land or business in light of your own needs and circumstances by seeking independent financial and legal advice.
-
Bidders Registration
To place bids at an auction, you must be registered. Fill out this form and return to the agent before the auction.
-
Letter Of Offer and R3
Government purchase fees
Calculate property transfer fees and stamp duty
Determine your government and Land Titles Office purchase costs with this stamp duty calculator.
Common questions when buying
What should I do before buying a property in South Australia?
Before buying, you should understand your budget, obtain finance approval where possible, review the contract and Form 1, consider building and pest inspections, and speak with your conveyancer before signing anything. In South Australia, an offer must be in writing before it can be presented formally.
What is a Form 1?
A Form 1 is the vendor’s statement required in South Australia. It provides important information about the property, including title details, zoning, encumbrances and statutory disclosures. Buyers should read it carefully and seek advice from a conveyancer, agent or solicitor.
Do buyers have a cooling-off period in South Australia?
Generally, residential buyers in South Australia have cooling-off rights after receiving the contract and Form 1, unless the property is purchased at auction or another exemption applies. Buyers should obtain legal advice before relying on cooling-off rights. You can waive your right to a cooling off period, but this must be done by a lawyer and a Form 3 waiver form completed.
How long is the cooling off period?
In South Australia, buyers have two full business days. This does not include public holidays, so should a public holiday or weekend fall within that time, these are not to be counted as “business days”. Cooling off finishes at midnight on the second day. The deposit is then due the next day.
Is a verbal offer legally binding in South Australia?
No. A real estate offer in South Australia must be made in writing and then a contract signed by both parties. A verbal conversation may indicate interest, but it is not a binding offer to purchase. An offer is not a contract until it is signed by both parties.
These answers are general in nature and are provided as a guide only. They do not take account of your particular circumstances and they are not legal advice.
Property and tenancy law in South Australia changes from time to time. Before acting, please confirm the current position and seek advice from your conveyancer or solicitor, or from Consumer and Business Services. Klemich Real Estate accepts no liability for any reliance placed on this information.
Looking to sell?
Request an appraisal
Looking to rent?