Conveyancing is the process of transferring the legal title in property from one party to another. The process generally moves quickly and what seems like a small oversight can have significant legal and financial repercussions for buyers (purchasers) or sellers (vendors).
Once you decide to sell your property, you will need to have a contract of sale and a vendor’s statement (or section 32 statement) prepared.
The contract includes details about you, your agent, your lawyer or conveyancer, a description of the property and other related information, such as items included in the sale, the deposit required, and the sale price.
The vendor’s statement discloses certain information affecting the property that is not always apparent by inspection. It includes information such as the title, mortgages, easements, council planning, and rates certificates.
If the property is an apartment or townhouse, there are also requirements to include an owners’ corporation certificate. The contract and section 32 statement must be provided to all potential purchasers and contain accurate information.
We can assist you with the entire process, from preparing the necessary documents, to negotiating on your behalf and finalising the sale using electronic settlement in the PEXA platform.
When buying a property, it is a good idea to get advice from an experienced property lawyer on the contract of sale and section 32 certificate. A vendor statement contains critical information and helps purchasers make informed decisions as to whether they want to proceed with the purchase of a property. Advice on these documents includes details of cooling off periods, easements or leases affecting the property, and information about outgoings that will need to be paid by you after settlement.
Obtaining a building or pest inspection before exchanging contracts is important to ensure any potential issues are flagged and may result in the negotiation of the purchase price in your favour.
Once a price has been agreed, and you have exchanged contracts, you will need to pay the deposit and prepare for settlement.
We can assist with every step of your purchase, advising you on the contract, negotiating on your behalf, conducting due diligence and enquiries, and liaising with your bank to ensure settlement goes smoothly.