Purchase Of Property
At Settle Safe Conveyancing, we understand that purchasing a property is a significant milestone. Our dedicated team is here to ensure that your property purchase process is seamless, secure, and stress-free.
We offer comprehensive services that cater to both first-time buyers and seasoned investors, providing expert guidance and support every step of the way.
The Conveyancing Process for Purchaser
1
Before Exchange
Begin by selecting a home loan product with your broker or banker and obtaining pre-approval. Have the agent email us the proposed purchase contract for review while continuing price negotiations.
Our conveyancers will:
- Review the contract and advise on special conditions.
- Ensure all property inclusions are in working order.
- Order necessary reports like building and pest inspections.
- Confirm that your loan is unconditionally approved.
2
Exchange
A 10% deposit is usually required, held by the agent in their trust account.
Our conveyancers will:
- Review the contract to ensure it’s ready for exchange.
- Advise on how contract conditions affect you.
- Arrange for the contract signing and forward it to the vendor’s solicitor.
- Assist with providing the deposit for exchange.
3
Leading Up to Settlement
Begin preparing for your move, including packing and signing mortgage documents. Ensure funds are ready for settlement and liaise with your lender.
Our conveyancers will:
- Advise on additional searches.
- Arrange for stamp duty and First Home Owners Grant (if applicable).
- Coordinate with all parties for settlement, including preparing figures and confirming cheque details.
- Keep you informed throughout the process.
4
After Settlement
Arrange with the real estate agent to collect the keys to your new home post-settlement.
Our conveyancers will:
- Act on your behalf during settlement.
- Ensure funds are paid to the vendor’s solicitor.
- Confirm with the real estate agent that settlement is complete, allowing you to collect the keys.
5
After Settlement
Transfer utilities to your name and update your mailing address. Enjoy your new home!
Our conveyancers will:
- Handle title transfer if there’s no lender involved.
- Provide a final report and store your file securely for seven years, making future transactions smoother.
Why Choose Settle Safe Conveyancing?
Experienced Team
Our team is led by seasoned professionals
Communication
We prioritize clear & consistent communication
Attention to Detail
ensuring all legal documents are accurate and complete
Friendly Service
We offer a welcoming and supportive environment
Competitive Pricing
We provide high-quality services at competitive prices
Our Services
Sale Of Property
Guiding you through the sale of your property with expert advice and support.
Purchase Of Property
We guide you through every step of buying a property, ensuring a smooth and secure transaction.
Commercial Conveyancing
Managing the complexities of commercial property transactions with professionalism.
Property Transfers
Assisting with the transfer of property ownership smoothly and efficiently.
Subdivision
Guiding you through the purchase or sale of your home with expert advice and support.
Off-the-Plan Transactions
Providing expert guidance on purchasing properties off the plan.
contract review? we got you covered.
Frequently Asked Questions
What is the role of a conveyancer in purchasing property?
A conveyancer manages all legal aspects of buying a property, including reviewing contracts, conducting title searches, handling financial transactions, and ensuring the transfer of ownership complies with all legal requirements. They protect your interests and ensure a smooth transaction process.
How long does the property purchase process take?
The process typically takes between 4 to 6 weeks, from signing the contract to settlement. This timeframe allows for legal checks, financial arrangements, and any conditions to be fulfilled.
What is a Section 32 Vendor's Statement?
A Section 32 Vendor’s Statement is a legal document provided by the seller, disclosing important information about the property, such as title details, zoning, outgoings, and any encumbrances or restrictions. It ensures the buyer is fully informed before signing the contract.
What documents do I need to provide when selling my property?
When selling your property, you need to provide a signed contract of sale, a Section 32 Vendor’s Statement (disclosing information about the property), and any relevant certificates or permits. Your conveyancer will help you prepare and compile these documents.
What costs are involved in purchasing a property?
Costs can include the purchase price, conveyancing fees, stamp duty, building and pest inspections, and potentially lender fees. Your conveyancer will provide a detailed breakdown of all expected costs.
What is the significance of a title search?
A title search verifies the seller’s ownership of the property and checks for any encumbrances, restrictions, or legal issues that may affect the property. It ensures you are fully aware of any potential problems before proceeding with the purchase.
What happens during the settlement process?
During settlement, your conveyancer will handle the transfer of ownership, ensure all financial adjustments are made, and coordinate with all parties involved. This includes transferring the title to your name and ensuring funds are appropriately disbursed.
Can I purchase a property if I am not an Australian citizen?
Yes, non-citizens can purchase property in Australia, but they may need approval from the Foreign Investment Review Board (FIRB). Your conveyancer can help you navigate this process and ensure compliance with all legal requirements.