Look No Further Than The Shire Conveyancers When Buying A Property
Whether you are a first Home Buyer, family, investor or retired couple our aim is to ensure you have the positive emotional reward you deserve when buying property with The Shire Conveyancer. We understand the process can be overwhelming and aim to simplify the legal jargon whilst giving expert advice.
It is important to be prepared when you start your property hunt and to have professionals around to support you. Your first step is to speak to a finance professional and obtain a loan pre approval, then you get to go Property hunting!
Once you have found your dream property we assist in the following process
- Free review of the Contract. Once you have found the property email through the contract for our FREE review prior to you signing.
- Initiating property searches and enquiries,
- Sending you the reports to review and if required negotiating contract terms
- Verification of your identity
- Calculating government duties and charges and arranging for any concession (First Home Purchasers) which you may be entitled to,
- Ordering required government enquiries
- Calculating settlement figures,
- Adjustment of rates and other charges,
- Arranging free connection of telephone/electricity/gas,
- Arranging with your incoming mortgagee,
- Attending PEXA electronic settlement room
- Reporting to you on the outcome of the settlement and when you can collect the keys
If you have any further questions feel free to call our friendly staff or call to make a time to come to our office for a free initial appointment.
A Complete Off The Plan Conveyancing Guide
Have you been thinking about buying a brand new property off the plan? Unsure how to start and what to look out for? You have come to the right place !
At The Shire Conveyancer we specialise in off the plan purchasing and have to date assisted hundreds of clients with this style of purchase.
When purchasing off the plan you need to be aware you are buying a dream. It is important to thoroughly research the builder and their past projects as well as have an in depth review of the contract in particular the schedule of finishes which tell you what is included from kitchen appliances to a gas bayonet on the balcony for your BBQ.
We also assist with
- Managing the entire conveyancing process for you so you can focus on moving in
- Checking your purchase contract carefully which includes checking that there is a detailed schedule of fixtures, fittings and finishes and that you understand what variations the builder can make.
- Before you finalise the purchase, we’ll make sure that the property meets the requirements outlined in the contract of purchase.
- Helping you understand what you’re entitled to if there are delays or if the developer tries to end the contract
- Preparing and lodging any possible stamp duty extensions or exemptions you are entitled to. For further information see https://www.revenue.nsw.gov.au/taxes-duties-levies-royalties/transfer-duty
- Making sure your deposit is held safely in a trust account until the contract is completed
- Making sure that the title to your property is transferred correctly
- Helping you settle on-time
- Making sure there aren’t any outstanding bills that the seller must pay before settlement.
On the 1st December 2019 the NSW government released and implemented theConveyancing Amendment Regulation 2019 to protect purchasers further when buying off the plan. In short it provides new remedies if a developer has not met the new disclosure obligations and alternative remedies of compensation. If you would like further information on the changes please contact Allison or Gillian our Off The Plan experts.
Useful Terms To Help You Navigate Your Property Purchase
If a caveat is registered on the title it means that some other person has an interest in the land
CERTIFICATE OF TITLE:
A document identifying the ownership of land, it shows who owns it, whether there is any mortgage or other encumbrance etc. effecting the land.
A plan that divides a parcel of land into community lots and common property, within the community plan can be areas set aside for such things as playimng fields, swimming pool, club house and or other community activities. It allows for residential houses and starat units with the other activities within the community plan.
Title to land within a community plan.
The legal process required to transfer ownership of real estate
A person licensed by Government to advise on an prepare documents to transfer or convey ownership of real estate. Conveyancers are licensed in NSW to handle other transactions related to land and business transactions.
An agreement by one party to adhere to certain terms, conditions or restrictions regarding the property. This will show on the certificate of title and you should be aware of the effect it may have on your use of the property.
A deposit is normally paid by the purchaser at the time of exchange of contracts; normally 10% of the sale price, any amount paid initially as a part deposit or holding deposit will form part of the 10% deposit. A lesser amount can be paid if agreed by the vendor.
A legal right to use a designated part of someone’s land for a particular purpose.
A burden or charge registered on the title to the property such as a mortgage
The highest interest in land that can be owned by an individual
Goods or articles that can be removed from the property without causing damage.
Items such as built-in cupboards, bath, toilet, stove etc. that cannot be removed without causing damage.
A state government tax payable by owners of a property (normally not their permanent place of residence) based on the value of the property.
An exclusive right to occupy land owned by someone else
A non-exclusive right to occupy land owned by someone else
MEMORANDUM OF TRANSFER:
A document signed by the vendor and the purchaser that when registered by the Lands Department legally changes the ownership of the land. Usually referred to a simply the ‘Transfer’. (not to be confused with the contract)
The person whose name appears registered on the certificate of title as owner of land
RIGHT OF WAY:
A right which gives a person access across certain land. (Usually land owned by someone else)
This is the name given to the ownership of units, townhouses, villas. It is a form of Torrens title.
Conducted by a registered surveyor who provides a written report showing the position of the buildings and fences in relation to the boundaries and will show any encroachment onto the land or onto the neighbour’s land.
This is the name given to a system of recording ownership of land. It is the most common form of land title and the cheapest to convey. When you are registered on title you are guaranteed ownership by the state government.