Buying Residential Property

Buying a residential property is one of the biggest financial decisions you will make in your life. It’s important to get it right, otherwise there could be significant financial consequences for you. It’s vital for you to have the guidance and assistance of an experienced property lawyer who can guide you through the complex process of conveyancing. Conveyancing can seem complicated, especially when there are hundreds of properties bought and sold every day.

What is conveyancing?

Conveyancing is defined as transferring the ownership of a property title from a seller to a buyer. This can apply to a house, townhouse, unit, or vacant land.

Our team of property and conveyancing specialists can provide you with assistance with the conveyancing process before you even sign your contract. We have assisted clients throughout the conveyancing process including first homeowners, investors, and property developers.

Each property is different. There are sometimes special conditions attached to the property contract and other legal clauses, so it’s important that our team can advise you on your best option.

What is the cost of conveyancing on residential property?

Our team of specialised property and conveyancing team provided fixed-fee pricing to ensure peace of mind during your conveyancing matter. Our team will provide you with upfront costs including searches, stamp duty and any other associated costs involved with your residential property conveyance.

Each property is different depending on the property type so it’s best to discuss your options with our team today.

PEXA and e-conveyancing

FC Lawyers have extensive experience in using PEXA and can utilise the online conveyancing platform. We are PEXA certified which allows our team of property lawyers and paralegals to act quickly on your behalf when buying your residential property.

What do FC Lawyers do as your conveyancers?

Each property is different and has a variety of conditions that must be met. We communicate with you through the buying process through email and telephone – keeping you up to date with your legal conveyance.

Below is a general outline of what our team will do for you as your conveyancers:

• Take initial instructions from you as the client
• Review the property contract
• Provide details of the conveyance
• Communicate with your financier, accountant, and property agent (if needed)
• Check the title and plan for easements, caveats, and other encumbrances
• Ensure there are no outstanding fees payable for rates, water charges, body corporate levies (if you’re buying a unit or townhouse) and land tax
• Pool, building and pest inspections to ensure contract conditions are met
• body corporate obligations (if you’re buying a unit or townhouse)
• arrange for your property contract to be stamped
• Conduct all searches on your property and provide you with a detailed report and recommendations based off the searches
• Prepare transfer documents
• Calculate settlement figures including stamp duty and any concessions
• attend settlement (if not done online via PEXA)
• provide you with all documents including settlement statement, searches, and financial statements

What should you do once you buy residential property?

After completing the conveyancing process for you, it is recommended you with speak with our Wills and Estates team to ensure your property is protected going forward. We have dedicated Wills and Estates specialists at FC Lawyers that can assist you through the estate planning process.

Contact our team today to discuss your upcoming conveyance or if you need any estate planning assistance.

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