JMJ Conveyancing provides a five-step guide to buying a property which is essential for home buyers and investors.
As your conveyancer, we will help protect you from costly mistakes and see that you get the result you hoped for. Conveyancing, finance, settlements: we help take the headaches out of each and every step. Also, by reading the steps involved and contacting us for further explanation, you may avoid many pitfalls before you sign a contract, otherwise it is often too late once contracts have been exchanged.
Step 1 – Investigation
- Vacant possession VS subject to tenancy
- Title
- Identity of the Land and Measurements
- Planning
- Easements or Covenants or Restrictions
- Flooding
- Road proposals
- Flats, Apartments and Owners Corporations
- Rates and Outgoings
- Other Issues Relating to Properties
Step 2 – Finance
- Contracts being “subject to finance”
- Settlement Funds
Identity of the Land and Measurements
Planning
Easements or Covenants or Restrictions
Flooding
Step 3 – Contract and Vendors Statement
- Cooling off rights – Victoria
- “and / or nominee”
- The Description of the Property
- Inclusions of any Chattels
- The Price and GST
- The Deposit
- Date of Settlement
- Title
- Building Permits
- Notices and Orders
- Title Insurance
Step 4 – Conveyancing – Your conveyancer’s role
Our role is to:
- check the contract – noting special conditions
- check the Vendors statement
- do a title search
- apply for property and statutory certificates
- lodge a caveat, on your instructions
- prepare the transfer of land
- liaise with your bank on your behalf
- arrange settlement
- advise you and generally look after your interests
Step 5 – Settlement Procedures – things that have to be done
- general insurance
- licence agreement?
- adjustments
- arrange settlement with your bank and the other side
- attend to settlement on your behalf
- final inspection
- keys
- notices of acquisition
- utilities