Conveyancing Services in Victoria

1. What documents do I need before I can sell my property?

A Vendors Statement also known as a Section 32 Statement needs to be prepared. A Section 32 Statement contains information particular to your property such as details of building work completed in the prior 7 years, search of Title documents, covenants, easements, rates and other information. We will obtain the details as required to complete this document for you. It is highly recommended that a Section 32 Statement be available to your Agent in readiness for the first inspection by a potential purchaser. Having this important document promptly available may have a significant impact towards an offer being made.

2. When do I receive my deposit.?

A deposit is usually paid within 7 days of the signing of the Contract of Sale. You may be entitled to receive the deposit monies earlier than the date of settlement. This will depend on various factors. The purchaser needs to authorise the release of deposit monies. A co-operative relationship the between the seller and the purchaser can have a positive impact on the deposit being released earlier rather than later.

We can prepare the relevant documentation to assist in the early release of the deposit.

3. Can the purchaser change their mind after signing the Contract of Sale ?

The purchaser has the option of not proceeding in certain circumstances. The purchaser may include special conditions in the Contract when the offer is made. A common clause used is “subject to finance”. This means if the purchaser has not secured finance approval by a certain date they have the option of not proceeding with the purchase. Subject to building inspection, pest inspection and the 3 day cooling-off period are also options for the purchaser not to proceed.

We can guide you through the queries that you may have in relation to the Contract of Sale.

4. What happens on the day of settlement and do I have to attend?

No, you do not have to attend settlement.We attend on your behalf. At settlement, balance of payment is received on the vendors behalf, title documents are verified and exchanged.

5. Who notifies the authorities of the change of ownership?

As part of the conveyancing service we provide, the council and water authorities will be advised by our office of the change of ownership. You need to notify the Gas, Electricity, Telephone, Vic Roads, Electoral roll and other organizations that you have dealings with.

6. When should I sign the Contract of Sale?

You can sign the Contract of Sale once you are happy with the property that you wish to purchase. Depending on your level of knowledge and experience, you should contact our office to ensure that you do not miss any important clauses which may have a significant impact on your settlement.

7. How and when do I organise my finance and settlement of the property?

You may arrange your finance prior to signing a Contract, however, if you have not done this you may arrange for the Contract to include a “finance clause” which provides you with time to make the necessary arrangements. Finance can be arranged via your Real Estate Agent, or we can assist you with the various lenders and finance brokers that we are confident will help guide you in this process.

If your finances are not arranged correctly, settlement may be delayed in which case substantial additional costs may be incurred.

We will arrange settlement, and take care of any complexities on your behalf. Settlement usually takes place at 30/60/90/120 days intervals from the signing of the Contract, or the date mutually suitable to yourself and the vendor.

8. What do I do next?

At this stage you need to notify your Selling Agent to forward your Contract to us. Once we have your Contract, we will check all details and guide you through to settlement from here.

9. Am I entitled to any government subsidies i.e. stamp duty rebates or exemptions?

You may be eligible for a Government Concession, such as the First Home Owner Grant, stamp duty rebate or some other special consideration. We will discuss your circumstances with you and contact the relevant government offices to ascertain your entitlements.

10. Am I able to move into my new property earlier than the settlement date?

One of the options is that the settlement can be moved forward by way of agreement between the parties.

Another option, is that you may request the vendor’s permission to obtain possession of the property for a fee prior to settlement. The terms under this agreement differ from a residential tenancy agreement and we can guide you through either process.