Buying Property
Purchasing a property is arguably one of the biggest and most important financial decisions you will make in your life. To ensure you are fully informed prior to taking this step, consult a Licensed Conveyancer. You are free to appoint your own Conveyancer.
If you do not already have a Conveyancer in mind, our members will be happy to discuss your specific requirements and help make your sale a smooth process.
Your chosen Conveyancer should guide you through the complicated, but very exciting world of purchasing real estate. They will also be able to clarify any unfamiliar issues and can assist you with all matters affecting the purchase of property.
What you need to know:
Its important to understand your rights in relation to a purchase and cooling off periods. Refer to the Australasian Legal Information Institute for specifics or talk to your conveyancer who will guide you though your rights.
Other information to know includes fees for searches and legal requirements
- Sundry Fees – Some settlement agent fees, photocopying , bank cheque fees etc
- Special Conditions may have fees attached
- Insurance
- Building & Pest inspections
- Some general fees include:
- Bank loan fees
- Stamp Duty
- Registration on Transfer
- Government search fees
- Strata or Community Title searches
- Conveyancer Fees
- Conveyancer disbursements including File storage and secure destruction fees,
Conveyancing for the Purchaser
Your conveyancer will;
- Review the contract before you sign or within the cooling off period
- Searching the certificate of title to ensure proper ownership
- Searching with government departments and local authorities for anything affecting the property
- Compliance with all special conditions and time limits
- The preparation and stamping of documentation
- Liaising with your proposed lenders and financiers
- Calculation of adjustments of rates and taxes
- Preparation of settlement statements
- Properly accounting for all monies expended or held in trust
- Drafting the transfer document;
- Attendance at settlement on your behalf
- Notifying all relevant parties of change of ownership.