Frequently Asked Questions
BuySecure empowers property buyers by simplifying complex real estate contracts, enabling faster, more informed decisions. Our AI-driven platform rapidly extracts and presents key contract terms and legal obligations so you can review your documents with greater confidence and clarity.
Just upload your property contract as a PDF (ensure it is not password-protected). BuySecure's specialised AI, built by experienced legal professionals, analyses the contract and provides an easy-to-understand summary, highlighting important details such as price, deposit terms, settlement date and any notable clauses, helping you spot potential risks early.
BuySecure currently supports standard form residential property contracts for houses, land and units across all Australian jurisdictions. Off-the-plan and commercial contracts are not currently processed. Please upload all relevant contract pages and related documents to ensure a comprehensive review.
When referred by a trusted partner, buyers receive complimentary access for 30 days. After that, premium features and downloadable reports are available for a nominal fee, making BuySecure a cost-effective alternative to traditional contract review services.
BuySecure uses advanced AI technology, and while highly accurate, it may occasionally misinterpret a term. If you notice anything that seems incorrect on your dashboard summary, email our support team at support@buysecure.com.au with the issue details and we will investigate promptly.
For easy reference, bookmark your review URL when it is generated. If you received a report via a referral partner, you may also contact them directly to request access to past reviews.
The contract must correctly identify:
- The full legal names of the sellers
- The correct property description details (eg volume and folio or lot and plan)
- Any easements, covenants or restrictions on title
Errors in these details can delay settlement, affect finance approval, or even invalidate the contract. Extra care is required when trusts, companies or SMSFs are involved, as incorrect naming can have legal and tax consequences.
Your contract should clearly state:
- The purchase price
- The deposit amount
- When and how the deposit is payable
- Whether the seller can access the deposit before settlement
Unclear payment terms can create significant risk. Deposit rules vary between jurisdictions, so both buyers and sellers should obtain advice before signing.
Cooling-off periods vary across Australia and do not apply in all circumstances.
In many states, residential buyers have a short statutory cooling-off period to withdraw from the contract (usually with a small penalty). However:
- Cooling-off does not apply to auction purchases
- It may be shortened or waived
- It may not apply in certain transactions or in some jurisdictions
Never assume you can "change your mind" without legal advice.
Contracts may include important conditions such as:
- Finance approval
- Building and pest inspections
- Sale of another property
In some markets (especially auctions or strong seller markets), contracts are often unconditional.
Special Conditions can override standard terms and significantly shift risk between parties. These may relate to warranties, due diligence, early access or prior sales. Because even one clause can materially change your rights, contracts should always be reviewed by a legal professional before signing.
Several additional issues can affect your transaction:
- Disclosure obligations: Seller disclosure requirements vary by jurisdiction.
- Settlement date and adjustments: Rates, water, strata levies and possibly land tax are adjusted at settlement.
- GST: May apply in some transactions.
- Vacant possession or tenancies: Buyers must understand whether the property is sold vacant or subject to a lease.
Because property transactions are high value and time sensitive, early legal advice can help reduce risk and avoid costly mistakes.
