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The sale or purchase of a property is a significant financial event for most people; a conveyancer can expedite the process with their expert assistance. A recent legal requirement for both vendor and purchaser is Proof of Identity to conveyancer or lawyer before the property transaction may proceed.
The more informed or better advised the purchaser, the less likelihood of complications and pitfalls arising. There are many considerations when negotiating the contract of sale, special conditions and cooling-off rights. The property title must be established—and the contract's preparation is the vendor's responsibility; the estate agent or conveyancer usually completes this. Also, we must complete forms covering insurance, building inspections, and finance.
Title insurance is available for purchasers and owners to cover risks such as illegal building works, a problem in over 40% of homes in South Australia. The costs of purchase must be established, including Stamp Duty, Transfer of Registration, Government Search fees and Council rates and taxes. (Concessions may apply)
A Form 1 is mandatory under Section 7 of the Land and Business Act 1994, affecting sales and conveyancing. This document is the vendor statement relating to details such as encumbrances on the property, for example, easements, tenancy agreements or heritage listings. The conveyancer finalises the purchase, arranges the finance and attends the settlement.
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375 Greenhill Road, Toorak Gardens SA 5065
Service Area: South Australia, Australia-Wide