We pride ourselves on our fixed fee conveyancing services. Our clients have commented on how comforting it is to work with a firm that has enough experience to quote the price of a transaction upfront and stick to it.
Generally speaking the the conveyancing process involves the transfer the legal title or ownership of land and any improvements on that land, from one party to another.
This is usually carried out by a seller and a buyer entering into a contract of sale (“contract”), which sets out all the terms of the agreement in writing. There are occasions where a contract is not used, such as property transfers between family members.
Once the buyer and seller have both agreed to all the terms of the contract, the contract is signed.
If your contract is subject to finance, it is important to ensure your finance is formally approved within the time-frame specified in your contract.
It is important to ensure that you have paid the deposit by the due date.
Just prior to settlement the buyer should carry out a final inspection on the property to ensure that there is no damage and they are happy and ready to settle. On the day of settlement the buyer will pay the balance of the purchase price (plus rates, taxes etc) for the property to the seller, and the keys and title deed are made available to the buyer.
Between the contract date and settlement we will attend to the preparation for settlement on your behalf, and we will ensure that all documents have been prepared and executed correctly, that all the money is correct and that everything is in order. We will then telephone or email you to advise that settlement has occurred.
The current Title Deed is then forwarded to the Land Titles Office to advise of the change of ownership and then a new Title Deed is issued in the name of the new owner. If there is a bank involved, the bank will retain the Title Deed and register the mortgage on the Title Deed. The bank will retain the Title Deed until you pay out your loan.