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:// process of buying a property
For most people buying a property is the most important and biggest investment decision they are likely to make in their life. Unfortunately, if you don’t do your homework properly or get bad advice it can also be one of the most traumatic and stressful experiences of your life.
By using clickconveyancing for your conveyancing needs you can at least take some of the stress out of this important process and rest assured that you are being looked after by a university qualified solicitor.
The process for buying property can be broken into the following:
pre exchange
You should:
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Obtain a home loan pre-approval |
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Start researching the market in the area you wish to purchase, speak to agents, attend open houses, look at home price guides |
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Find your dream property, negotiate a price, ask your agent to send the proposed contract to clickconveyancing for your contract review |
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Click or call us if you have any questions! |
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Liase with your lender to ensure your loan is approved |
We will:
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Review the contract for sale and negotiate any amendments you wish to make. |
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Order any reports you require such as pest, building, survey and strata report |
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exchange
You should:
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Pay the deposit which is usually 10% of the purchase price by way of cash or deposit bond (although we can negotiate a smaller deposit in most cases) |
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Sign the contract |
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Click or call us if you have any questions! |
We will:
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Ensure the contract is ready to be signed |
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Send the contract to you to be signed |
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Send the contract signed by you to the seller’s solicitor to be exchanged |
post exchange leading up to settlement
You should:
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Start organising to move from your old home to your new one (where applicable) |
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Arrange for your mortgage documents to be signed and sent to your lender |
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Chase your lender to ensure your loan monies will be ready for settlement |
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If you are a first home buyer, complete the First Home Owners Grant forms with your lender |
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Forward balance of settlement monies to be paid to seller and stamp duty to us by way of bank cheques as directed by us |
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Arrange a final inspection of the property with the real estate agent for the day before settlement |
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Click or call us if you have any questions! |
We will:
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Order and check all remaining searches |
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Advise you of any additional searches that may be required by your lender |
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Assist you to meet any requirements imposed on you by your lender |
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Assist you to complete the First Home buyers stamp duty exemption form |
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Liaise with lender to ensure they are prepared for settlement |
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Prepare settlement figures and book settlement with your lender and the seller's solicitor |
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Prepare a property transfer and arrange to have the Transfer and Contract for Sale stamped (stamp duty paid) |
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Advise you and your lender of cheque details for settlement |
settlement
You should:
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Organise with the agent a time and place to collect the keys. Ensure the agent has keys to all locks including mailboxes, remote controls for garage doors and alarm codes |
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Click or call us if you have any questions! |
We will:
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Attend settlement and ensure that all Title Documents are in order |
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Pay the settlement monies to the seller’s solicitor |
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Contact you and the real estate agent to confirm that settlement has taken place |
following settlement
You should:
We will:
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For purchasers without a mortgage, lodge the Transfer and Notice of Sale with the Department of Lands and then send you your Title Deed when it has been registered |
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Send you a final reporting letter |
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Retain your file for 7 years, making it easier for you to provide us with instructions when you decide to sell your property! |
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