Frequently asked questions
Do I need a Conveyancer?
Your Conveyancer has in depth experience and knowledge with the required legal documents and matters involved with the transfer of a property. Attention to detail is our specialty with property law. Unlike Solicitors we are not pre occupied with other legal matters.
Do I need a Deposit?
Yes you do. The normal deposit amount in a transaction is 10% of the purchase price however you may be able to negotiate a smaller deposit if required eg. 5% of the purchase price. If you have no accessible funds at the time, you may be able to apply for a Deposit Bond which will incur a fee calculated on the purchase price and deposit amount. Your Bank or Conveyancer can organise this for you.
What is Exchange of Contracts?
Exchange will take place once all negotiations are resolved and Pest and Building inspections are acceptable also unconditional finance will be required. Your Conveyancer will attend to dating the contracts once they are identical and then both parties are locked into the transaction of buying and selling.
Do I need to attend Settlement?
No you do not. Your Conveyancer will organise a time and place for settlement and attend with all parties involved, banks and other parties Conveyancers. Once complete you will receive a call advising you can now pick up keys or funds are received.
Who notifies the Authorities?
Once the Transfer of Title is lodged with the Department of Land they will then notify the local Council, Valuer General and Water Authorities.
Electricity, phone and gas providers will need to be advised by the purchaser or seller.