Residential Settlements
Lets us help you make your property sale or purchase officially legal. After all your home is your castle.
Selling Your Home
Selling your home can be a stressful time. It often involves a range of professions from an initial listing with a real estate agent, right through to a conveyancer at settlement.
Most of the hard work is done by you in the early stages. Choosing an agent you feel comfortable with to sell your property. Then there is the hard slog of presentation to get top dollar. Now days you can relieve some of that burden by using an interior stylist company to ensure presentation is tip top for those potential buyers that need a bit of assistance with vision for your property.
Then comes finding a buyer which really turns up the pressure. But once a price is agreed and terms negotiated with a buyer you should be through the worst of the stress levels. WIth a contract in place and a form 1 served a conveyancer is now ready to take over the reigns of the process.
At times some agents require us to prepare a form 1 on their behalf for you. We are more than happy to assist with this if required and will contact you to find out certain information to ensure all details are correct. Otherwise, our role begins once we receive a fully signed contract and form 1 from your agent.
If we have not already made contact with you, we will at this point. We will let you know things you will need to arrange to allow for a smooth settlement process.
Often a Conveyancers role will be behind the scenes, arranging what charges need to be repaid and coordinating settlement with your bank over the Property Exchange System PEXA to remove any mortgage from the Title Deed. We will keep a close eye on contract time frames and conditions to ensure they are met so that settlement may proceed in a timely manner.
During this time, we will have you sign paperwork to enable us to act for you and complete and electronically sign off on registrable forms to effect settlement. Part of this new requirement in Australia is for a Verification of Identity. We will run through these requirements with you but it is best to ensure you locate your drivers licence and passport which generally need to be current.
Settlement itself can occur over a 6 hour time frame depending on all parties being ready. We understand this can make things difficult when people are moving in and out of houses and ask that you remain patient. We will help guide you with this as much as we can.
Once you receive that final phone call from us that all has settled you can pop the bubbly.
Things you will need to arrange before the settlement date
- A pool compliance certificate if you own a pool
- Redirection of Mail
- Packing Boxes and Arrange removalists
- Contact Utility companies to arrange final readings (Gas, Electricity, Phone, Internet)
- Ensure the Property is left in a clean a tidy manner
Buying A Home
To those out there still looking we trust this information will be useful for you to understand the process involved. For those that have recently signed a contract for a property, a big congratulations from us!
By now you may have signed a contract which sets out all the terms that you have agreed for the property purchase. The agent will also at this time or not long after, serve on you a Form 1 document. This sets out any particulars that affect the property either known by government agencies or the Vendor themselves and once served initiates the time clock running of your cooling off period if you are an individual. (Companies do not get a cooling off period.)
You get two clear business days to change your mind and effectively get out of a contract without penalty. If you do wish to cool off, the onus is on you to prove this so it is best to contact us should this be something you are thinking of doing.
We also advise that you will need to obtain building insurance to protect your interest and that of any incoming bank as the property becomes your responsible post cooling off. You may also wish to talk to your insurance broker about Title Insurance if you wish for further cover for the property.
Often a Conveyancers role will be behind the scenes, checking contracts, working out financial figures and coordinating settlement with your lender over the Property Exchange System PEXA. We will keep a close eye on contract time frames and conditions to ensure they are met so that settlement may proceed in a timely manner.
During this time, we will have you sign paperwork to enable us to act for you and complete and electronically sign off on registrable forms to effect settlement. Part of this new requirement in Australia is for a Verification of Identity. We will run through these requirements with you but it is best to ensure you locate your drivers licence and passport which generally need to be current.
Settlement itself can occur over a 6 hour time frame depending on all parties being ready. We understand this can make things difficult when people are moving in and out of houses and ask that you remain patient. We will help guide you with this as much as we can.
Once you receive that final phone call from us that all has settled you can pop the bubbly.
Things you will need to consider and arrange before settlement:
- Arrange Building Insurance once a contract is signed
- Who is to be registered on the Title Deed and in what capacity and holding
- Appoint a Property Manager if the Property is to be leased or is currently leased
- Contact your mortgage broker or financier as soon as possible to obtain finance approval if required
- Arrange redirection of mail
- Contact utility companies to connect utilities (gas, electricity, phone, internet)
- Arrange removalists
- Arrange Locksmith to change locks if so desired
