If you’ve decided to buy a property, the first task is to appoint a conveyancer who will guide you through each step of the process. Whether this is your first purchase or latest purchase, it can be an emotional experience, and your conveyancer can make the process much easier for you. Your conveyancer will ensure that the Contract is compliant with legislative requirements, and in most cases will arrange an inspection of Council files in relation to the property.

At this time, you will also need to consider a number of factors, including (but not limited to):
•  Whether you need finance to complete the purchase (if so, approval in writing should be obtained from your mortgagee)
•  The inclusions you believe are to be included in the sale
•  Whether the settlement date proposed in the Contract is appropriate for you
•  Whether you wish the purchase of the property to be conditional upon the sale of any other property you own.

Each Contract for Sale is different, so it is important that you discuss your situation in detail with your conveyancer.

Once the terms of the sale have been negotiated, any amendments of the Contract will be made and the Contract will be signed by both parties. Once you have paid the agreed deposit (normally 10%) the Contract will be exchanged. Your conveyancer then gets to work on ordering any necessary searches, liaising with your mortgagee (if applicable), arranging settlement, drafting settlement figures and attending to all other behind the scenes requirements prior to settlement.

Settlement will take place either physically or via PEXA, the electronic settlement platform. If you are interested in learning more about PEXA, see https://www.pexa.com.au/ .

After settlement, you are free to enjoy your new property!

Contact me to discuss the purchase of your new property.