Selling a Property in Perth
Received and accepted an offer? We move fast to ensure your property is settled on time.
Your settlement agent, conveyancer or lawyer, will complete a variety of tasks on your behalf including:
- Search land titles to verify you are the legal owner.
- Ensure the property is compliant with regulatory requirements such as ATO clearance certificates, outstanding rates and smoke alarm and electrical building codes.
- Ensure any special conditions in the contract have been completed to your satisfaction before settlement takes place.
- Prepare and verify all necessary legal documents and forms.
- Attend to all adjustment of rates, taxes and levies as required.
- Liaise with your financial institutions to confirm existing loan balances and provide payout instructions.
- Coordinate the settlement date and time with your financial institution and the buyer’s settlement agent.
- Provide updates on settlement progress and advise you of any potential delays, including your rights when it comes to compensation.
- Attend settlement on your behalf to ensure correct exchange of legal documents and funds and let you know once settlement has occurred.
Buying a Property in Perth
Just got an offer accepted? Congratulation!
Now is the time to get started ASAP on finding the best Settlement Agent.
Your settlement agent, conveyancer or lawyer, will complete a variety of tasks on your behalf including:
- Search land titles to verify the legal owner and check for encumbrances, caveats or any other restrictions that may limit the use and affect the transfer of the property.
- Search government departments and local authorities for anything that may affect the property.
- Ensure all inspections and any special conditions in the contract have been completed to your satisfaction before settlement takes place.
- Prepare and verify all necessary legal documents and forms.
- Ensure you have conducted your final inspection and all parties are ready for settlement.
- Make enquiries to local shire, water authority, land tax authority and strata company, adjust rates and make payments accordingly to ensure you only pay for the exact days you have owned the property, starting from the day after settlement.
- Liaise with your financial institution to ensure all loan documentation is completed and the funds required to proceed to settlement are in place.
- Coordinate the settlement date and time with your financial institution and the seller’s settlement agent.
- Provide updates on settlement progress and advise you of any potential delays, including your rights when it comes to compensation.
- Attend settlement on your behalf to ensure correct exchange of legal documents and funds and let you know once settlement has occurred.
- Prepare legal paperwork to transfer the title of the property to you.
- Notify the relevant authorities about the change of ownership when settlement has occurred.
- Provide a settlement statement.
Frequently Asked Questions
General Questions
Property conveyance refers to the legal process of transferring ownership of a property from one party to another. It involves various tasks such as conducting property searches, preparing legal documents, and facilitating the settlement process.
The cost of conveyancing services can vary depending on factors such as the complexity of the transaction, the value of the property, and the specific services required. At Cockburn Conveyancing, we provide transparent pricing, and our professional team will provide you with a detailed quote based on your unique requirements.
Yes, in addition to residential conveyancing, Cockburn Conveyancing offers comprehensive commercial conveyancing services. Our experienced team can assist you with the legal aspects of buying or selling commercial properties, ensuring a smooth transaction.
Stamp duty is usually paid by the buyer of a property and is a government tax based on the purchase price. The payment is typically made prior to settlement, and our conveyancing experts will guide you through the process, including calculating the amount and ensuring timely payment.
The duration of the conveyancing process can vary depending on factors such as the complexity of the transaction and the responsiveness of all parties involved. Generally, it takes between 6 to 8 weeks to complete a typical residential conveyancing transaction. However, our team at Cockburn Conveyancing is dedicated to working efficiently to minimise delays and keep you informed throughout the process.
The deposit amount is typically negotiated between the buyer and the seller and is usually a percentage of the purchase price. The common range for deposits is 5% to 10% of the property’s value. Our conveyancing professionals can provide guidance on the appropriate deposit amount based on your specific circumstances.
When waiting for finance approval to purchase a property, the settlement date is usually determined by mutual agreement between the buyer and the seller. It is important to consider the timeframe required for finance approval and other factors that may affect the settlement process. Our team will assist you in coordinating the settlement date based on your circumstances and keep you informed throughout the process.
The decision regarding the names in which you should purchase the property depends on various factors such as your personal circumstances, financial considerations, and legal implications. It is advisable to seek legal advice or consult with our experienced conveyancers who can provide guidance tailored to your specific situation and help you make an informed decision.