Conveyancing for Buyers

Conveyancing for BuyersThere are several methods in which to buy property. A property may be purchased by way of an auction or ‘off the plan’ where the property is yet to be constructed or simply through conventional means.

When managing the conveyancing process for buyers, there are approximately 23 detailed paperwork steps, all of which must comply with current legislation.  It is easy for matters to go awry should any of the varied complexities of accuracy and timing be overlooked and at Tracey Warden Conveyancer, we pride ourselves on managing the buying process in a timely, efficient and effective manner for our clients.

What’s involved in the process?

Finance – pre-contractual statements and mortgage contracts. Make sure these contracts are thoroughly read and seek legal advice, remembering you are not obliged to sign anything ‘on the spot’

Inspections – pre-purchase building and pest inspections are written documents that reveal any potential problems and may assist in negotiating purchase prices.

Making an offer – a deposit may be required but is fully refundable if you decide not to proceed and conversely allows the selling agent to accept other offers

Signing a contract – if the offer you have put in is accepted, a contract must be signed and your conveyancer can discuss this with you in addition to handling negotiations on your behalf and ensuring you are aware of your rights and responsibilities.

Settlement – there are a number of steps following the contract becoming binding which include:

  • Arranging payment of stamp duty
  • Liaising with the lender in regard to the mortgage
  • Making checks with government authorities to see if they have a vested interest in the property
  • Ensuring there are no outstanding debts owed
  • Calculating adjustments for council, water and strata rates
  • Making final checks on the title
  • On settlement day attending a meeting that will include the seller’s lawyer/conveyancer as well as any lenders involved and the funds will be handed over in exchange for the title and the keys.

If you are interested in conveyancing for buying property, Tracey can review the contract on your behalf and suggest appropriate changes to ensure they are in your best interest and align with your long term financial goals. Contact us for a no obligation conversation.