Fixed fee conveyancing service from contract reviews right through to settlement
Step 1: Review the Section 32 Vendor Statement
– If you’re interested in a property, there will be a legal document called a Section 32 accompanying the property.
– The Section 32 is a document provided by the seller of property (Vendor) to prospective buyers. It is also known as a Vendor Statement. This will be available if you ask the real estate agent.
– The document’s name is from Section 32 of the Sale of Land Act. This section outlines that a vendor is required to provide a purchaser all the legal information before they sign a contract of sale.
– For example, a Section 32 will contain information about ongoing costs associated with the property, or other important disclosures about the property.
– Before you sign any documentation to purchase a property, it is important to read the fine print and understand any exclusions, covenants, restrictions or peculiarities associated with the property.
– Our conveyancing services include a full review of a contract / Section 32. We’ll provide you with a summary of our key findings so you can be fully informed when you bid for your property.
Step 2: Safely negotiate terms & sign
– Congratulations, if you’re up to this stage it means you are the successful bidder and the Vendor has entered into negotiation with you.
– Besides from negotiating on the price, there are many finer details which you should be aware of. These include any payment conditions, settlement dates, inclusion of fittings or fixtures, or possible exclusions as part of the property transaction.
– Our conveyancing services include providing you with suggested clauses to include/exclude so you are well armed to negotiate the fine print in the Contract of Sale.
Step 3: Prepare paperwork for settlement
– Once you’ve signed the documentation to buy the property, we will commence reviewing and working through the paperwork required for settlement.
– Our conveyancing services include coordinating information between the Vendor’s solicitor, banks, council, utilities providers (such as water, electricity and gas services) and government departments.
– We will keep you informed along the way, but you can rest assured that we will take care of this entire process for you.
– A good conveyancer will keep you informed, take away your stress, ensure all parties receive the appropriate information they require, and utilise our experience to advise you along the way.
Step 4: Ensure your rights are protected
– Leading up to settlement, we will ensure that the Vendor adheres to the signed agreement.
– We will represent you should any issues arise prior to settlement. From our experience, these may include following up on any unpaid taxes, council rates, utilities bills or any outstanding body corporate fees.
– Our conveyancing services include enforcing your rights. In some cases, this may mean representing your interests should something deviate significantly from the signed Contract of Sale.
Step 5: Attend settlement
– The final step is Settlement.
– This is the day you assume legal ownership of your property.
– The Vendor’s solicitor, the Bank, and us meet at a pre-arranged settlement office to exchange paperwork. The Title and government documents are checked, confirmed by all parties, and settlement is agreed upon.
– These days, settlement is usually done electronically via our conveyancing systems.
– When all parties are happy, the paperwork is stamped, and the funds are released. The real estate agent is then authorised to make the keys available to you for pick up.
– Our conveyancing services include setting up and arranging settlement on your behalf. If necessary, if it is a physical settlement, we will take care of the entire process to ensure that you can move in as soon as possible.
Step 6: Post settlement matters
– Congratulations, by now you have collected your keys and gained ownership of your property.
– Our conveyancing services include summarising the settlement details for you via a letter so you can see the exact breakdown that took place at settlement in a concise summary for your records. Should any issues arise after settlement, we will be able to answer any queries you may have.
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Purchaser’s standard package
We pride ourselves on being transparent with our clients. Once we provide you with a quote, our fees are final and include all disbursements and GST. We will take care of the entire conveyancing process with no hidden charges.
For buyers, our standard package fee is listed below. Contact us for an engagement letter containing all the details.
(includes GST, includes all conveyancing-related disbursements)
What fees are included in your purchase fee?
Disbursements such as ordering council, water or Owners Corporation rates notices are included in our fees. Settlements fees such as lodgement with Land Use Victoria, PEXA service fees and stamp duty are not included.
Do I need to attend the settlement in person?
The settlement will be processed online via PEXA (online settlement platform). The client does not need to join the settlement in person. On the settlement date, the settlement will be completed in 1-2 hours after all parties sign off the required documents. After the settlement is complete, we will notify you to collect keys from your Real Estate Agent.