Buying a house or property is a very exciting time. You will inspect the properties, imagine your life in them and imagine the payoff when it comes time to sell in the future. In amongst all the excitement and dreaming are a lot of legal boxes that need to be ticked when buying a home and All Conveyancing Solutions will be there to take care of the legal aspects, so you can focus on choosing, buying and moving into your new home or making the most of your new investment.
Get expert advice before you sign
All Conveyancing Solutions can review your proposed Contract and Vendor’s Statement (Section 32) for you before you sign the Contract.
A Pre-Signing Contract Review will be prepared and provide you with a written review of your proposed Contract and Vendor Statement noting:
- Any Special Conditions in the proposed Contract that are detrimental to you.
- Any issues identified in the Vendor Statement.
If you proceed to purchase the property, and All Conveyancing Solutions completes the conveyancing for you, then the cost of your Pre-Signing Review is included.
All Conveyancing Solutions pre-purchase contract advice will give you a thorough, plain-English breakdown of the contract of sale for the property you are hoping to purchase.
Steps to buying a house
Follow this process of buying a house:
- Devote plenty of time to research
- Go through your financials with your accountant to get a clear idea of what you can afford
- Get pre-approval for your mortgage
- Find the best real estate agent
- If you are looking at re-locating, begin the process of selling your home
- Check the Section 32 statement
- Select a loan that suits your financial situation
- Organise a building inspection of your chosen property
- Finalise the sale and check all paperwork
How we can help with buying a house
All Conveyancing Solutions will be there to coordinate, check and double check all the paperwork, contracts and legal requirements. We can provide assistance throughout the entire process, including:
- A Section 32, or a Vendor’s Statement contains essential information on the property you are going to buy. By having us check through it, we can give you an honest opinion of the property, and if there are any issues you need to be aware of. Restrictions on the ownership, such as easement and zoning laws could substantially affect what you can do with the property, and how much you may be prepared to pay for the property, so do not take the Section 32 for granted.
- Remember, nothing is set in stone until the Contract of Sale has been signed. This step is crucial in ensuring a smooth handover of the property so that you can move in as soon as possible. We take care of everything for you, by liaising with your mortgagee, the vendor and your agent and ensuring all legal requirements have been completed.
Common things to look out for in residential purchases include:
- unfair special conditions and default clauses
- correct completion of the particulars of sale
- finance condition
- settlement terms
- vacant possession v subject to lease
- outgoings including land tax
- special levies
- orders
- building permits, final approvals, and warranty insurance
- measurements
- owners corporation
- title encumbrances
- zoning
- works in surround
In the process of negotiating for the property, All Conveyancing Solutions can represent you in seeking alterations to the proposed contract or any of the conditions contained within it.
If you are successful in purchasing the property, All Conveyancing Solutions will ensure you are prepared for settlement with clear communication ahead of all the major milestones leading up to and including settlement day.