Buying or selling a residential or commercial property is a significant commitment. For some people it is the most significant transaction they will ever undertake.
The Property lawyers at Legal Exchange Lawyers have been acting for purchasers and sellers of residential and commercial property for over many years. They will:
- explain the issues involved in the sale or purchase of your property
- explain the difference between buying or selling by Public Auction or Private Treaty
- tell you what costs are involved including stamp duty
- advise you about your Contract for Sale
- advise you about and negotiate special terms and conditions for the sale or purchase of your property
- attend to your lenders’ requirements
- organise searches and enquiries to ensure you get what you think you are buying
- ask the seller the right questions about the property being sold
- organise settlement
Our property and conveyancing services include:
- Torrens Title
- old system conveyancing
- company title
- rural land
- commercial and industrial leasing
- residential leasing
- leasing disputes
- easements, covenants and disputes over easements
- property development and associated aspects such as:-
- options
- acquisitions
- Land & Environment Court Appeals and Applications
- liquor licensing and conveyancing
- sale and purchase of residential and business properties (both established and off the plan)
- Strata Title disputes
Acting for Buyer/Purchaser: We carry out the following for buyer –
- Review draft contract
- Order pest and building reports
- Contract signed by Purchaser and deposit cheque provided by Purchaser
- S.66W certificate signed by Purchaser’s Solicitor
- Examine and Exchange the contract for sale
- Paying the deposit
- Send post-exchange letter to Purchaser
- Write to Purchaser’s Mortgagee advising exchange and requesting mortgage documentation
- Order statutory inquiries
- finding out if any government authority has a vested interest in the land or if any planned development could effect the property (eg. Local council, Water, Roads and Traffic authority)
- Send requisitions on title
- Prepare transfer and arrange stamping
- Review replies to requisitions on title
- Send stamped transfer to Vendor’s Solicitor
- Prepare draft settlement statement calculating adjustments for council and water rates for the property settlement
- Book settlement with Vendor and Mortgagee
- Receive cheque direction from Vendor’s Solicitor
- Send cheque direction to Mortgagee and advise client of balance of cheques to be provided
- Prepare notice of sale
- Advise Purchaser to carry out final inspection
- Completing final search prior to settlement
- Attend settlement
- Advise Purchaser that settlement has occurred
- Send post-settlement letter to Purchaser
Acting for the Seller/Vendor: We carry out the following for seller-
- Receive instructions from vendor
- Order prescribed documents – Title search, Deposited plan, S. 149 certificate, Sewer service diagram
- Complete draft contract
- Send draft contract to Agent
- Receive sales advice
- Send completed contract to the Purchaser’s Solicitor
- Contract signed by Vendor
- Exchange Contracts
- Send post exchange letter to Vendor
- Write to Vendor’s Mortgagee requesting discharge of mortgage and payout figure
- Prepare draft replies to requisitions on title and submit to Vendor for approval and once approved, send to Purchaser’s Solicitor
- Receive stamped transfer from Purchaser’s Solicitor and arrange for Vendor to sign and then stamp with Vendor Duty
- Book settlement with Purchaser and Mortgagee
- Review draft settlement statement
- Obtain payout figure from Mortgagee
- Obtain client’s instructions regarding balance of settlement proceeds
- Send cheque direction to Purchaser’s Solicitor
- Attend settlement
- Advise vendor that settlement has occurred
- Send post-settlement letter to vendor