What searches should be ordered during the cooling off period?

The cooling off period is typically not enough time to order all the searches relevant to a purchase because most certificates can take a minimum of 3 – 5 business days to be received from the authorities. However, as a minimum you need to instruct your conveyancing lawyers to order the title search and review the plan to make sure that the property you have contracted to purchase is the one that you have inspected. There have been cases in the past where buyers have purchased the property next door because they didn’t ask their conveyancer to order a title search or their conveyancer didn’t pick up the orientation of the plan to confirm that the property was actually the wrong one. This can be a very costly and time-consuming mistake. Hence, make sure that you engage your conveyancing lawyer early to conduct all the necessary searches, don’t wait till your finance is approved because it might be too late then.