Make your property purchase stress-free with Select Legal. Our experienced conveyancing focused lawyers provide a dedicated one-on-one service, ensuring you have a smooth & easy settlement, for a fixed-fee starting at $990*
The process of buying a house can be overwhelming and complex, especially when it comes to navigating the conveyancing process. It is important to ensure that all legal obligations are fulfilled and the title is clear before making the purchase.
Conveyancing is the legal process of transferring property ownership. This involves document preparation, title and lien verification, and other necessary tasks to finalize the sale. Understanding the conveyancing process when purchasing a house is crucial to ensuring proper and efficient completion of all necessary steps.
The following steps will help you navigate the conveyancing process when buying a house:
The first stage in the process is that you locate the property that you want to buy. When you buy a property, you need to check the total cost of the transaction, not just the purchase price and ensure that the property is affordable.
Selecting Select Legal as your conveyancer is a crucial step in the conveyancing process. We are happy for you to seek referrals and read our reviews to ensure you have chosen wisely.
You need to arrange for Select Legal to review the Contract of Sale and the Vendor’s Statement. At this point, Select Legal should ask you a lot of questions about the property. There is a basic principle of ‘buyer beware’ in Victoria so you need to ensure that the Contract of Sale and Vendor’s Statement are an accurate reflection of what you believe you are getting when you buy the property.
Select Legal will undertake a range of searches to check whether there are any legal or financial issues related to the property. Select Legal will search the relevant certificate of title at the Land Registry. This will show all registered caveats, easements, covenants, mortgages, and mortgage discharges that affect the property. For example, there are circumstances where you need to have a caveat removed so you can proceed with the transaction.
Select Legal can also conduct other searches that determine whether the property is affected in other ways. For example, they can check whether the property is affected by land contamination.
Once all searches have been completed, Select Legal will lodge documents with the Land Registry to legally transfer the property into your name.
When both parties are happy with the contract of sale, they will exchange contracts. This is when you and the seller have officially agreed on the terms of sale and are bound by them. On settlement day, Select legal will arrange for all funds to be released and for the title deed to be transferred into your name.
Once all the money has been transferred and the title deed has been registered in your name, you will need to sign a few more documents. This is usually done in front of a representative from either the seller or Select Legal as your conveyancer.
The last step is getting the keys and officially moving into your new home!!!!!
Solicitors are fully fledged lawyers, they can help you with legal matters that a conveyancer might not have extensive knowledge of. Solicitors, for instance, can help you with issues such as tax implications and can connect you to relevant professionals.
A conveyancer who is not also a solicitor cannot advise on matters of property law, and may not be equipped to handle any complicated legal issues that arise during the course of settlement, equipped with broader knowledge of the law, solicitors are suited to handle complex property transactions that pose more risks.
A conveyancing solicitor is also duty bound to be available to their client when the needs arise, and can follow up any legal issues that may or may not arise in the future after the settlement process. A solicitor’s client can call upon a solicitor inititally for the service, but then for ongoing advice pertaining to the service as well as other legal enquiries.
A conveyancer will typically only have specific knowledge related to the aspects of buying and selling property. They can help you settle your sales, but they cannot help with other issues such as taxes. Conveyancers specialise in the property transaction but may not have the broader legal knowledge of a solicitor if a case becomes complicated.
Conveyancers normally close a file once the property settlement has been finalised.
Select Legal are the Solicitor & Conveyancer that Can Help You Find The Dream House
We’ve been helping people buy and sell houses for many years. Our team of solicitors are highly experienced and has helped thousands of clients through buying and selling property.
Our services include:
Are you eligible for the first home buyers grant? If you and your partner haven’t ever bought a property before, there’s a good chance you are eligible to receive the First Home Owner Grant (FHOG). FHOG is a national scheme, but each state funds its own and the amount varies state-to-state.
The government will determine whether you can receive the grant based on whether you have purchased a home or investment property previously, or whether your spouse or partner has too. It’s not necessary to apply in advance, but you need to submit your application within 12 months of purchasing your new home.
The importance of reading property and loan contract documents cannot be overstated. This is especially true for those who want to purchase or refinance their home.
A home is often the largest single investment you’ll ever make. You might get stuck with a bad deal if you don’t read the fine print. That’s why it’s important to thoroughly review these documents before you sign anything.
Did you know that when buying a property, you may have cooling-off rights? Cooling-off rights where applicable, allow you to terminate the contract within a cooling off-period of 3 clear business days from the date that the Purchaser signs the Contract. Should the Purchaser wish to exercise their right to cool off, the deposit as paid will be refunded except for the forfeiture amount of 0.2% of the purchase price of $100.00, whichever is higher.
Please that that cooling-off will not apply if:
Regardless of whether you are planning to buy or sell a property, Select Legal is ready to assist with the process.
The advantage of engaging Select Legal is that all your conveyancing and property needs are met, whether they be standard or extremely complex, where our solicitors can attend to additional legal work required which includes drafting special conditions, drafting agreements such as a licence agreement or lease, letters resolving disputes etc depending on the requirements of each matter.
Our knowledge of the process and attentive service (as shown in our Google Review history) is what sets us apart from others in this field. Depending on the needs you have, Select Legal is ideally qualified to handle your transaction and ensure your purchase or sale goes through all the required legal checkmarks.
We also have the expertise to perform electronic conveyancing using the Property Exchange Australia (PEXA) digital property network.
Contact Select Legal today for all your conveyancing needs or request a quote which will only a few minutes.
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Fill out the form below to get your fixed fee quote within 24-hours.
When you choose Select Legal, you can rest assured that you’re working with the best in the business.
OTHER CONVEYANCERS
Our conveyancing-focused lawyers handle every detail of your settlement with care and precision, ensuring a stress-free experience. With our attention to detail & clear communication, your property transaction is in safe hands.
Get in touch & request your free quote. One of our experienced lawyers will then be in contact via. phone or email within 24-hours.
When we get in contact, we will ask you a few questions to understand your needs & provide a fixed-price quote for your conveyance.
If you would like to move forward with Select Legal, we’ll begin the process & take care of the heavy lifting while providing regular updates until finalisation.
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Experience peace of mind with a personalised conveyancing service from a seasoned lawyer.
Select Legal
Level 1/13 Corporate Dr, Heatherton VIC 3202
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Conveyancing fees from $990*
***Prices Starting From $990 + GST + Disbursements***