Conveyancing Pocketbook
Conveyancing 101 conveyancing. /kənˈveɪənsɪŋ/ noun.
the branch of law concerned with the preparation of documents for the conveyance of property. the action of preparing documents for the conveyance of property.
We're here to hold your hand and guide you through the process of buying and selling a home. From the meet and greet, 'till handing over the keys.
What does a conveyancer do.
Contract review
Due Diligence
Notice of Contract conditions
Assist in contract creation
Ensuring the related property is
Notifying all parties of
not questionable in structure Review other parties contracts concerning all relevant procedures and legal
and quality Assessing finances of all parties
requirements
contract conditions
Facilitating negotiations of conditions
Ensuring all legal documents are true & accurate
Preparation of Forms
Stamp Duty
Calculate Settlement Figures
Preparation and supplying of
Arrange and facilitate the
Provide settlement figures
specific legal and non legal
payment of stamp duty that is
that reflect adjustments due to
documents
required through purchase
negotiations
Ensure that legal requirements
Exchange documents to other
are met
party
The 3 Stages. Each stage of conveyancing has unique legal requirements along with important negations procedures that are crucial in saving time, stress and money.
3 Settlement
1 Pre contract
2 Post Contract
Decision to buy or sell
Legally binding
Title Registration
Contract creation
Submitting deposit & negotiation
Title Transfer
Document & certificate disclosure
Mortgage Transfer Contract Conditions
& Documentation
Financing approval
Cooling Off period Exchange of Keys
Contract review
Final Inspections
Mortgage Documents
Stamp Duty
Each State is different. WA Real estate Agents prepare Contract for Sale of Land by Offer and Acceptance. If a delay occurs (exceeding 3 Business days of scheduled date, the party responsible for the delay is due to pay compensation.
Within Australia, even though the general process is similar in states and territories, minute details can differ, and we cater for this
QLD The contracts used in QLD are QLD Law Society Contract for Houses and Residential Land QLD Law Society Contract for Residential Lots in a CommunityTitle Scheme
NSW The Contract for Sale and Land 2005 Edition. is the standard contract used in NSW. Contract must be prepared and available for inspection prior to the property being marketed for sale. A potential buyer cannot bid at an auction of a residential property unless they provide the selling agent with their name, address, and proof of identity.
TAS
VIC
The Contract for Sale of Real Estate is the standard Contract used in Tasmania
In VIC, the standard form of contracts is Form 2 Contract for Sale of Real Estate, a detailed and complex legal document
The purchasers Conveyancer must perform all searches, including those related to title, easements and conveyance, municipal rates, government, land tax and bankruptcy. Once search complete, conveyancer should give written notice of the satisfaction of any conditional clauses.
SA The two standard contacts used have been developed by Real Estate Institue of SA Law Society of South Australia Vendors must provide a Form 2 Vendor's Statement to the purchaser 2 business days before the auction date.
In the pre negotiation stage, the vendor must give a signed and dated vendor's statement to the agent to show to potential purchasers. This document is an extensive legal document required by law to include critical details. Stamp Duty on the transfer of land is usually deducted at settlement and paid after settlement.
Buying. The legal procedures for buying a property begin before you even make a bid. Avoid back tracking and picking up the pieces and be prepared now, not before its to late
1. Before you sign
2. After you sign
Big financial decision
Once signed - legally binding
Need advice
Upload contract
Building inspections
Pay deposit
Finance approval
Cooling off period
Auction - Register to Bid
Conduct searches
Review contract
Review conditions and
E- Signature
settlement period
3. Preparing for Settlement
4. Settlement
Stamp Duty
Online & easy
Mortgage documents
Title registered and mortgage
Settlement figures
documents received
Final Inspection
Collect the keys
Selling. Selling can be a stressful process. And when you do find a potential buyer, you don't want to be left hanging because you aren't prepared. Avoid being disappointed and be ahead of the game.
1. Before you sign
2. After you sign
Decision to sell
Legally binding document
Preparation of contract and relevant
Buyer pays deposit
disclosures
Cooling off period
Complete contract with buyers details
Understand contract conditions and settlement Period
3. Preparing for Settlement
4. Settlement
Mortgage discharge - contact bank
Settlement (online)
Transfer documents (online)
Monies received
Prepare settlement figures
Mortgage discharged
Vacate or inform tenants
Title transferred
Steps. 1
Online Welcome
2 3
Enter Information
Complete VOI and Digital forms
See Job Progress + Documents
4
Emails and SMS notifications
Electronic Settlement
Settlement Pack Issued
20% EXPERIENCE A DELAY IN SETTLEMENT E-CONVEYANCING ASSISTS IN STREAM LINING THE WHOLE PROCESS START TO FINISH
ELECTRONIC CONVEYANCING Replacing it with a streamlined, accessible, and easy to use end to end approach.
We are breaking down the Today's customers are increasingly comfortable engaging over a digital platform. Enhancing conveyancing accuracy, accessibility, while reducing cost and time. model. We are taking traditional legal service form the physical world - this sets us apart. We replace physical interaction with online user interfaces, software integration, electronic documents and e signature.
is different.
Established to disrupt conveyancing through technology and an unwavering commitment to client service.
Lawyers are strange beats. As a consumer, you're unlikely to truly know what they're doing, and left in the dark of legal jargon and procedures.
Law&Co is different. We add light to those dark places and remove the shadows of conveyancing procedures. We are youthful, vibrant and affordable Technology driven, to streamline procedures, without compromising on quality.
Transparent Online
Easy Affordable
03 9624 2278 conveyancer@lawandco.com.au