If a developer has offered to buy your Punchbowl or Wiley Park house, do not sign their option or contract until it has been reviewed. With the Metro now running through the station precincts and NSW rezoning for more townhouses and apartments near centres, these offers are becoming more common. City Peak Conveyancing acts for owners and buyers across Punchbowl, Greenacre and Wiley Park.
Selling to a developer or listing with an agent?
| Selling to a developer | Listing with an agent | |
|---|---|---|
| Usual contract | Often a put and call option, or a contract that depends on a development approval | Standard contract for sale, exchanged on agreed terms |
| When you get certainty | Only once the option is exercised or the approval is granted | At exchange |
| Settlement timing | Can be many months away, sometimes tied to neighbours selling too | Commonly about six weeks, negotiable |
| Your deposit protection | Depends on the option fee and its terms | A deposit is paid at exchange |
| What to watch | Sunset dates, who can walk away and when, rights to lodge plans over your land | Special conditions and inclusions |
Our view: a developer offer can be a good outcome, but the paperwork usually favours the developer unless it is negotiated. We explain every term, flag what we would change, and tell you plainly if an offer leaves you tied up for too long. Read about selling with City Peak.
Buying a new townhouse or apartment
New townhouse and apartment projects near Punchbowl and Wiley Park are often sold off the plan, under strata or community title. Before you sign we check the disclosure statement, the draft plan and by-laws, the expected levies and the sunset date. See how we review off the plan contracts.
Greenacre homes
Greenacre is mostly established family homes. Some streets fall within council's stormwater flood studies, so we check the planning certificate for flood notations and explain what they mean before you buy.
How we work in Punchbowl and Greenacre
Most matters run by phone and email and settle electronically through PEXA. Our Principal Conveyancer, Marcelino Assaf, will meet you in person by appointment if you prefer.
Common questions
FAQs
What is a put and call option?
It is an agreement that lets either side force the sale to go ahead within a set period, usually for an option fee. The exact terms matter more than the name, so have it reviewed first.
My neighbours are selling to the same developer. Does that affect me?
It can. Some offers only proceed if several neighbouring lots are bought together, which can delay or cancel your sale. We check for that condition.
Do you work outside Punchbowl and Greenacre?
Yes, on property anywhere in NSW. See our Bankstown page.
City Peak Conveyancing acts on NSW property only. This page is general information, not advice about your circumstances.