Residential
PROFESSIONAL FEES FOR THE RESIDENTIAL CONVEYANCE – BASIC FEE – SALE: $700 INCLUSIVE OF GST
For owner occupiers or investors we provide a very cost effective all-inclusive conveyancing service, for the buying and selling of residential property. We specialise in conveyancing in all of NSW.
Because we are exclusively an internet based company we have lower overheads than those of other conveyancing firms – so you save both time and money. We make all of the arrangements via phone or email consultations.
It is important that as a purchaser you have your finance in place and in order before you enter into a legally binding contract to purchase the property.
You should also consider the structure or shareholding you wish to purchase the property in as this has tax and estate planning implications. Please refer to our section “Purchasing Structures”.
If you are purchasing a residential property we perform the duties:
- (Optional)Building and pest inspections, survey certificate and building certificate of compliance or strata report (for strata properties) (if instructed by you)
- Negotiation of terms and examination of terms and prescribed disclosure documents
- Title search – we make sure you are buying the correct property and ensure that the vendor has the legal right to sell the property and that you obtain a good title.
- Council & water rates, land tax and Roads & Traffic Authority (RMS) search – we make sure that there are no outstanding rates to be paid on the property and inform the statutory authority when the title is transferred to you. (optional). Additional searches and governmental enquiries may also be obtained depending on the nature, type and location of the property and if required by your financier/mortgagee.
- Stamp duty – we arrange for the payment of stamp duty on the new property or may be able to assist you with any stamp duty exemption or concession or government grant or bonus depending on your eligibility criteria for same. You should check yourself in the first instance with the regulating authority (Office of State Revenue: www.osr.nsw.gov.au) as to whether you are eligible for any such exemption, concession or bonus and also advise your financier of such eligibility (if applicable).
- Liaise with your financier (if applicable) for the purchase to ensure all moneys are ready to complete the purchase
- (optional) If instructed by you to do so, the lodgement of a Purchaser’s Caveat to protect your equitable interest as purchaser from the date of exchange of contracts and to notify third parties of your interest in the property after exchange.
- Settlement date – we arrange the date of settlement and attend this on your behalf for the final transfer of the property and adjustment of all statutory outgoings.
- Title search – on the day of settlement to ensure no other encumbrances or dealings have been registered against the title of the property which may affect the transfer to you.
For people selling a residential property we perform the following:
- Contract of Sale – we ensure that any matters arising from the Contract of Sale or the particular property or the Title documents are disclosed prior to exchange to ensure that there is a binding and enforceable contract in place.
- Payment of deposit – we confirm that a deposit has been paid and liaise with your financier to request the final payout balance for your mortgage and arrange the discharge documents.
- Reply to enquires and requisitions raised by the purchaser.
- Dispersal of monies – we ensure that all monies are appropriately dispersed once settlement has taken place
- Adjustment of all statutory rates and outgoings and that all outstanding rates and taxes have been cleared