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We are experts and we have the knowledge as well as experience to make sure everything runs smoothly. We are fast and efficient and pride ourselves on providing a high level of service to our clients to ensure a stress free easy experience. For your peace of mind we provide fixed pricing and we also offer flexibility as provide a mobile service as well as offer a complete online service experience.
Please feel free to contact us to discuss how we can assist with your conveyancing needs.
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Conveyancer will make sure that you are aware of all the additional costs that may be involved so that you can work out a budget and know exactly what you can afford when negotiating the purchase price with the agent.
Under legislation, all contracts for the sale of residential property (having an area of less than 2.5 hectares) have a cooling off period of five business days ending at 5:00 pm on the fifth business day. This means that from the date of exchange, the purchaser has five business days in which to make enquiries, carry out inspections and obtain unconditional finance approval before the contract becomes binding.
Stamp duty is payable on the contract for sale by the purchaser and may also be payable on some mortgages where the property is purchased for investment properties. Stamp duty is calculated on the sale price: the higher the price the higher the duty.
Once the vendor and buyer have agreed on the price and any other special terms of the sale, the contract for sale is finalised in duplicate so that one copy can be signed by the vendor and the other copy can be signed by the buyer. The two copies are then compared to ensure that they are identical, and if so, they are dated and swapped or “exchanged” so that each party holds the copy signed by the other party.
Each contract varies in length depending on the circumstances and the terms in the transaction. Essentially, we can settle on a property from as little as 14 days from exchange up to as long as a few years. The settlement is negotiated at the time of exchange and is generally between 28-42 days after the date of exchange.
Where a purchaser does not have sufficient funds to cover the 10% deposit, the vendor may agree to accept a deposit bond which is a guarantee issued by an underwriter to secure the deposit between exchange and completion in the event the purchaser is in default.
If you are buying an investment or a holiday home, you may be liable for land tax. Land tax is only payable where the value of the land is above the land tax threshold, which is determined on an annual basis. Where more than one taxable property is owned, the cumulative value of all land must be above the threshold. Land tax generally does not apply to your principal place of residence or to primary production land.
