The process of conveyancing is to transfer the legal ownership of land to a new owner whether it be an individual or an entity. Conveyancers investigate title on behalf of vendors and purchasers. This is one of the most important elements of conveyancing. We also ensure that all the necessary property information certificates are applied for on your behalf whether you are buying or selling.
When you buy property, a Conveyancer will assist you with transferring the legal ownership of title to that property. It is important that you engage a Conveyancer as soon as you have found a property that you want to buy. We will review the Contract and Section 32 Statement, free of charge and explain the document to you before you sign.
When selling your property, we recommend that you engage us prior to listing your home on the market with a Real Estate Agent. By doing this, it will give us enough time to apply for the property information certificates needed to complete your Section 32 Statement in time for your first open for inspection. It is important that you provide full disclosure in accordance with the law to your prospective purchaser and we will assist you with doing this.
A Conveyancer will apply for the necessary property information certificates which provide you with up to date information of the property you are buying or selling. The information contained in the certificates are not always included in the Section 32 Statement, and you may not be aware of the facts.
Some certificates are essential for the settlement and you will be unable to settle the property unless they are obtained. At settlement an adjustment of water rates, council rates, land tax (if applicable) and Owners Corporation (if applicable) must be made on settlement. You can only adjust them if you know what is outstanding, by obtaining up to date certificates.
It is important when selling property that a seller provides full disclosure to its buyer. Disclosing the relevant property information certificates in the Section 32 Statement will ensure that the buyer is fully aware of the property they are buying.
Thoroughly inspect the property before you sign a Contract. Make sure all appliances etc are in good working order and condition.
Are there any encumbrances, charges, easements, covenants registered on title?
What is included/excluded from the property?
Is GST applicable?
Is the home structurally sound and free of any pest infestations?
Is the property affected by a combined sewer?
Is the property connected to town water and to a central sewerage system?
We recommended that before you sign a Contract, you contact Maria Tomlinson to look over the Contract and Section 32 Statement, (free of charge). The earlier you speak to us, the better it is, as we can give you the advice needed and prevent you from entering into any nasty traps.