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•
order pest and building inspections,
•
arrange for the exchange of contracts,
•
negotiate with the vendor’s solicitor on
your behalf,
•
arrange for the settlement process, and
•
deal with any difficulties that arise during
the settlement period.
Your legal representative should also advise
you of any future developments which could
affect your home by checking with the local
council.
It is a good idea to ‘shop around’ for someone
experienced, or
call the office for our
recommendations.
Inspections
Building and pest inspections are a must!
Either you or your conveyancer should
enlist the services of an authorised pest and
building inspector. Your purchase contract
can be subject to a satisfactory inspection or
your inspection can be scheduled during your
cooling off period.
The inspector will provide a written report
pointing out any faults in the property,
whether they can be repaired and how much
these repairs are likely to cost.
Pest inspections are not usually covered in a
building report so will need to be arranged
separately.
If buying at auction you will
need to ensure that all inspections are
completed prior to the day of the auction.
In the case of a strata title property, your
contract for sale will provide the name of the
strata manager so that you can arrange for
an inspection of the books and records of the
owners’ corporation.
Loan application fee
There is a standard upfront loan establishment
fee charged by your lender. The fee
covers the preparation of loan application
documentation, legal fees for standard
mortgage preparation and one standard
valuation.
Stamp duty
The amount of stamp duty payable varies
from state to state. Your conveyancer/legal
representative will advise you of the amount
payable or you can check your state’s website.
Legal
You will need to appoint a conveyancer/legal
representative to ensure that the contract is
in your best interest and does not contain any
unsatisfactory terms. Make sure you know
your legal representative’s qualifications and
exactly what service they are offering.
Their role is to:
•
give advice on the property contract,
•
facilitate council, strata and company title
searches,
COSTS
State/Territory
Website
ACT
NSW
NT
QLD
SA
TAS
VIC
WA
