Buying Property in Sydney or NSW

 

As soon as you find a property that you’re interested in, ask for a copy of the contract from the agent. We will review the contract and let you know if there are any clauses that need amending or anything else that you should be aware of before placing any offer. 

Once we know what is required for your conveyancing, we can advise you the professional fee and let you know about any other disbursements that you can expect along the way.

Conveyancing costs are comprised of two elements:

Professional Fee: This covers absolutely everything we do to manage your conveyancing, including:

  • Reviewing the contract and negotiating with the vendor’s solicitor for any amendments

  • Arranging building and pest inspections

  • Examining the strata inspection report (if applicable)

  • Looking after the formal exchange of the Contract of Sale

  • Arranging the payment of stamp duties

  • Ensuring that any outstanding arrears from the current owner are paid before you take possession (e.g. council or water rates).

  • Find out if any government authority has any current or future interest in the land.

  • Find out any information that may not have been previously disclosed (such as illegal building work)

  • Calculating adjustments for council and water rates for the property settlement

  • Liaising with your financial institution to arrange settlement

  • Attending settlement with the vendors conveyancer and your financial institution

  • Overseeing the change of title with the Department of Lands

Disbursements: Disbursements are the out-of-pocket expenses incurred by us in completing your conveyancing. We pay for these on your behalf and include them on our final invoice. A few examples of disbursements include searches (council, water, land tax), building and pest inspection reports and the settlement fee.
 

Conveyance Steps

Step 1: Contract Review

Step 2: Exchange of Contracts

Step 3: Settlement

Submit your contract review via email to conveyancing@stewartlaw.com.au Please make sure to include your contact details.

 

© 2016 Stewart Law Conveyancing 

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