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Popular Articles

Below are links to articles covering various important aspects to home buying.

A secret to the buying process.

Tips for preparing a budget.

Financial Planning tips.

7 Points to Costing your new home.

Attention home builders.

8 Points to Costing your project home.

How to cost the extras for your project home.

How to prepare and plan for your move.

Background to Home Buyers Information Guide.

About your Service Providers

6 steps in the Conveyancing Process.

The role of a Finance Broker.

6 steps in the Conveyancing Process.

How to understand the Conveyancing process.

Set out below are 6 steps in your involvement with a conveyancer/lawyer Under each step is the actions a conveyancer/lawyer should carry out for you at that time.

Step 1 First Consultation:

  • Explain the legal obligations you will need to understand during the purchase process.
  • Provide a "Cost Agreement" setting out all Fees & Charges.

Step 2 Pre-exchange:

  • Reviews the contract for sale and negotiate any amendments you wish to make.
  • Order any reports you require such as pest, building, survey and strata.
  • Liaise with your lender to ensure your loan is approved.

Step 3 Exchange:

  • Review the contract to ensure it is ready to proceed with being signed by both parties.
  • Meet you face-to-face or send the contract to you for signing.
  • Send the contract signed by you to the vendor's lawyer to be exchanged.

Step 4 Post-exchange, leading up to settlement.

  • Order and check all remaining searches.
  • Advise you of any additional searches that may be required by your lender.
  • Assist you to meet any requirements imposed on you by your lender.
  • Liaise with lender to ensure they are prepared for settlement.
  • Prepare settlement figures and book settlement with your lender and the seller's lawyer.
  • Prepare a property transfer form and arrange to have the Transfer and Contract for Sale stamped (stamp duty paid.
  • Advise you and your lender of cheque details required for settlement.

Step 5 Settlement.

  • Attend settlement on your behalf and ensure that all Title Documents are in order.
  • Pay settlement monies as instructed to seller's lawyer.
  • Contact you and the real estate agent to confirm that the settlement has taken place and the matter has settled.

Step 6 following settlement.

  • For purchases without a mortgage, lodge the Transfer and Notice of Sale with the Department of Lands and then send you your Title Deeds when it has been registered.
  • Send you a final reporting letter.
  • Keep your file for seven years. This makes it easier when you decide to sell your property in the future.

Our special thanks go to Karen Lambert of Karen Lambert Conveyancing for her assistance in compiling this information.