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Buying

Buying

Buying a property is for most of us one of the biggest financial decisions we will make.

At Complete Conveyancing New England our role is to ensure your legal rights and interests are protected and enforced throughout the entire conveyancing transaction.

We will guide you through the purchasing process, minimising your risk and providing advice and assistance on your legal obligations.

Transferring

Transferring

At times it’s necessary to transfer property between family members, spouses or in the event of a divorce or separation.

At Complete Conveyancing New England, we will provide you with detailed advice on the effect of the transfer – before any unnecessary expense is incurred; advise on any stamp duty implication of each type of transfer.

We can organise valuations by registered valuers if needed.

We prepare applications or legal agreements for stamp duty exemptions (if applicable); and advise you on what banking arrangements need to be put in place prior to the transfer.

We will coordinate all parties to the transfer to enable an efficient settlement.

Selling

Selling

Selling a home or investment property requires the preparation of a legal contract for sale. It is recommended that you appoint a conveyancer prior to appointing a real estate agent.

We are committed to making sure your conveyancing transaction runs as smoothly as possible. You can be confident your transaction will be properly taken care of, leaving you to focus on other matters.

We will keep you informed throughout the process and are available to answer any questions you may have, at any time.

Strata

Strata

There are far more issues to consider prior to purchasing property in a strata complex than for a freestanding property.

These can include the financial position of the strata, applicable levies, insurance, identifying the common property and applicable by laws for instance.

Complete Conveyancing New England will assist and guide you to ensure you are fully informed of what you committing to should you decide to purchase a strata unit.

Should you be selling your strata unit, our firm will ensure you have met all disclosure and legal requirements for the sale of a strata unit.

Frequently Asked Questions

Why use Complete Conveyancing New England?

Complete Conveyancing New England is experienced in numerous types of property transactions. Our firm ensures your legal rights and interests are protected and enforced throughout the entire conveyancing transaction.

We will keep you informed throughout the process and are available to answer any questions you may have, at any time.

We understand there is so much more to buying and selling property, or any conveyancing transaction, than just attending to the legal paperwork. It can be a very busy and sometimes stressful time. Which is why we are committed to making sure your conveyancing transaction runs as smoothly as possible. You can be confident your transaction will be properly taken care of, leaving you to focus on other matters.

Complete Conveyancing New England can assist you with any property transaction in New South Wales. Our use of the most up to date technology and procedures mean it is not necessary to come to our office if you would prefer not to.

How much will it cost?

Our fees include our professional fees and disbursements.

Professional Fees –

  • Residential – professional costs for a residential sale or purchase are $900 + GST.
  • Rural – professional costs for a rural sale or purchase are $1,500 + GST.

Professional costs include all the legal work required from commencement of your matter until the transfer of property is complete. Please note this quote is based on the necessary work for a standard property conveyance. Should extra work be required as a result of complications we will advise you of this immediately and the likely additional cost.

Disbursements –

Disbursements incurred will depend on the location of the property and searches necessary for the property being purchased/sold. Disbursements include searches undertaken to ensure and you obtain legal ownership of the property free from any outstanding monies, outstanding notices and various other areas of concern.

If you are selling property disbursements will include the mandatory documents which are required to be included in the contract for sale.

  • We estimate $500.00 + GST for disbursements for a residential sale/purchase
  • Rural disbursements can be slightly more expensive due to the nature of the transaction.

It is not always possible to provide an accurate quote for disbursements as they are based on mandatory searches undertaken by the conveyancer as well as any additional searches the Client may request or be necessary for the particular property transaction involved.

Please contact our office for a quotation for other forms of conveyancing transactions.

When do I pay for the conveyancing work?

Complete Conveyancing will pay for any disbursements incurred throughout the course of the property transaction. You will be required to pay our professional costs and reimburse disbursements incurred at the completion of your matter.

What should your conveyancer do for you?

The conveyancer will work with you from the beginning of the transaction and will explain the various processes and stages, including what is required of you by State and Federal law.

Most conveyancers will advise on the following:

  • Obtaining the information necessary to complete your transaction
  • Reviewing the contract for sale or purchase
  • Arranging building and pest inspections
  • Examining a strata inspection report (if the property is in a strata scheme)
  • Exchanging the contract of sale or purchase
  • Paying the deposit
  • Arranging payment of stamp duties
  • Preparing and examining the mortgage agreement. This needs to be deleted
  • Checking for outstanding arrears or land tax obligations
  • Ascertaining whether any government authority (e.g. local council, water, NSW Roads and Maritime Services) has a vested interest in the land or if any planned development could affect the property
  • Conducting searches to reveal information that may not have been previously disclosed
  • Calculating adjustments for council and water rates for the property settlement
  • Facilitating the change of title with Land and Property Information NSW
  • Completing any final checks prior to settlement
  • Attending settlement.

As the transaction progresses, the conveyancer will advise you on what options you have so you can make informed choices and proceed through to settlement as easily as possible.

Source: http://www.aicnsw.com.au/index.php/for-community/licensed-conveyancers-in-nsw/what-does-a-conveyancer-do

At what stage do I contact a conveyancer?

If you are purchasing a property you should contact a conveyancer as soon as you have agreed on a price with the Vendors (seller). The Real Estate Agent should be provided with your conveyancer’s details so the contract for sale can be forwarded to them.

If you are intending to sell your property you should contact a conveyancer as soon as you have made the decision to sell as the conveyancer will need to prepare the marketing contract, so the property can be listed for sale.

What is conveyancing?

NSW Fair Trading defines conveyancing as “the legal work involved in preparing the sales contract, mortgage and other related documents” for the purpose of buying or selling a home, land or an investment property. The process includes the transferring of the title deeds from the seller to the buyer, as well as the discharge or establishment of the mortgage as required.

Can I DIY?

Buying or selling a property is one of the biggest transactions most of us will undertake. Serious penalties can be applied if the terms of the contract are not met. These can include forfeiting your deposit.

What is the difference between a conveyancer and a solicitor?

A conveyancer is a qualified professional specialising in property transactions, while a property solicitor has a law degree. Conveyances are required to be both licensed and registered and operate under stringent requirements set out by the regulatory body in each State.

Do I need a Solicitor?

You do not need a solicitor to represent you for property transactions. A Licensed Conveyancer has the required training and knowledge to competently represent you throughout the entire process.

Why use a Conveyancer?

A Licensed Conveyancer is legally qualified and experienced at performing property transactions.   A Licensed Conveyancer ensures that your rights are legally enforceable.

Like Solicitors, Licensed Conveyancers are obligated to comply with standards of professional conduct and undertake ongoing training and professional development. This ensures Conveyancers remain adequately informed and compliant with legislative and procedural changes.

We are also required to have professional indemnity insurance in place to cover any loss to the consumer incurred as a result of the financial settlement process. Professional Indemnity insurance is designed for professionals who provide advice or a service to their customers. It protects you against legal costs and claims for damages to third parties which may arise out of an act, omission or breach of professional duty in the course of your business.