Before You Buy

 CONVEYANVCING

If you want to buy or sell a home, land or investment property, you’ll have to sign a contract. The legal work involved in preparing the sale contract, mortgage and other related documents is called conveyancing

Most people employ a Conveyancer/Settlement Agent or Solicitor to do the legal work involved.

The conveyancing process can involve the following steps

  • Examining the contract of sale

  • Examining a strata inspection report if the property is part of a strata scheme.

  • Arranging payment of stamp duties

  • Checking any outstanding arrears or land tax obligations

  • Finding out if any government authority has an interest in the land or if any planned development could affect the property

  • Finding out any information that may not have been previously disclosed such as a fence dispute or illegal building work

  • Calculating adjustments for council and water rates for the property settlement

  • Completing any final check prior to settlement

  • Arranging payment of stamp duties

  • Overseeing the change of title

  • Exchanging the contract of sale and paying the deposit

  • Arranging finance if necessary

  • Arranging building and pest inspections

  • Preparing and examining the mortgage agreement

 

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