Selling a Residential Property
A residential property cannot be advertised for sale unless a Contract for Sale has been prepared. If you are thinking about putting your property on the market, it is important to have a Contract for Sale prepared and ready to go.
Our services for a standard residential conveyance include:
- preparing the Contract for Sale;
- liaising with the agent in relation to the sale;
- considering proposed amendments to the Contract for Sale by proposed purchasers;
- attending to exchange of Contracts;
- liaising with the outgoing mortgagee in relation to the discharge of mortgage and settlement;
- checking settlement figures and ensuring proper adjustments are made in relation to council fees, water rates and strata levies;
- preparing cheque directions in accordance with instructions;
- attending to settlement ;
Disbursements are expenses incurred by us over the course of the matter. In a standard residential sale, disbursements are normally made up of the costs of obtaining the documents required to be annexed to the Contract, including the section 149 Certificate, title searches and sewer diagrams.
Buying a Residential PropertyWhether you are a first time home buyer or a seasoned investor, we are here to help you with the process.
Our services for a standard residential purchase include:
- reviewing and providing written advice on the Contract for Sale;
- negotiating with the vendor in relation to amendments to the Contract for Sale;
- attending to exchange of Contracts ;
- arranging the payment of stamp duty ;
- preparing settlement figures and ensuring proper adjustments are made in relation to council fees, water rates and strata levies;
- liaising with the lender in relation to settlement;
- attending to settlement ;
Disbursements are expenses incurred by us over the course of the matter. In a standard residential purchase, disbursements normally include, among other things, payments made to third parties, title searches, statutory searches and Notices of Sale.
Standard conveyance (purchase or sale)
“Standard”, in the context of a conveyance, means where the property is in existence, any dwelling on it has been constructed, the title is registered and the transaction is not a non-standard conveyance (see below).
Non-standard conveyance (purchase or sale)
“Non-standard” means a conveyance involving any sale or purchase:
- that is subject to the subdivision and/or registration of subdivision on title;
- that is an off-the-plan purchase or sale where the title is yet to be registered or construction is not complete;
- that is a house and land package or home building contract;
- where either party is proposing to sign any documents in relation to the purchase or sale by way of power of attorney or other instrument;
- involving the executor or trustee of a will or personal legal representative;
- requiring the lodgement of a transmission application;
- which has a purchase or sale price of more than $2 million dollars; or
- that is a complicated conveyance as determined by us in our sole discretion.