Residential
Purchases: - attending to either a purchase or a sale of a property seems an easy task. Nothing could be further from the truth. The Conveyance of a Property is a series of complex tasks that requires both skill, care and an understanding of the Conveyancing process.
A prospective Purchaser should visit a property several times before deciding to make an offer. Your initial inspection of the Property will determine whether or not the Property meets your needs such as location, size, style etc. Your subsequent inspection should be used to look for signs of potential issues with the Property. Purchasers should ensure that all electrical and gas appliances are in good working order before an offer is made. Vendor’s are entitled to deliver the Property as it was on the day of sale, therefore if one or more of the appliances is not in working order at the time of purchase the Vendor is under no obligation to fix it. Purchaser’s should also take photos of the Property as a way of comparing the condition of the Property from the day of sale to settlement. It is also recommended that Purchaser’s (where possible) make their offer subject to a satisfactory building and pest inspection report and ensure that they have a pre-approval from a lending institution (if applicable) prior to making an offer.
Selling:- A Vendor can choose to sell their Property with our without the aid of a Licenced Real Estate Agent however in most instances if you are looking to sell your Property you will list it with an Agent. Once your Property is listed for sale your Agent will ask you to engage a Conveyancer to prepare a Section 32 Statement. A Section 32 Statement must be prepared and handed to a Purchaser before an offer can be taken on your Property. At Signature Property Conveyancing we will prepare not only a Section 32 Statement but also a Contract of Sale which affords all Vendor’s added protection during the sales process.
In preparing a Contract of Sale and Section 32 Statement we will ask you a series of questions about the Property with respect to Tenancy, Service availability, Building works, Owners Corporation (if applicable) and the like. Once prepared we forward the Contract of Sale directly to your selling agent. Building Insurance over the Property should not be cancelled until settlement of the Property has been affected. You may then be entitled to a refund from your insurer for the portion of the premium.
Once the Property sells we will liaise with your Mortgagee (if applicable) and organise the discharge of the loan in order for settlement to take place.
