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Written by Administrator   
Sunday, 06 September 2009 11:54

 

Buyer's Conveyancing Checklist

Before signing any contracts make sure that you have a solicitor check it. It is highly recommended that you:

  • get a pre-purchase property inspection report
  • measure the boundaries
  • make sure the property complies with local building codes
  • get a pest inspection

If you are buying off-the-plan make sure that the contract sets a firm date by which the property must be finished.

We as your solicitor can thoroughly read and check the contract to make sure that it reflects your interests and requirements, not only the vendors.

Checklist

This is a general checklist covering the conveyancing process for the purchase of real estate. It will not cover every situation and should only be used as a guide for discussions with us.

  • search title
  • check property or land measurements
  • discuss insurance arrangements
  • explanation of caveats and whether to put one on the title
  • understanding of the contract terms
  • name the property should be held in
  • review and understanding of the vendors statement
  • review of costs, duties and fees
  • details of all searches on the property (council, utilities, government)
  • liaising with vendor's conveyancer (writing and sending requisitions)
  • release of deposit
  • process of settlement
  • mortgage and lender details
  • calculation of costs and disbursements
  • pest and building inspection reports
  • stamping, lodging and registering transfer
  • post settlement procedures

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Last Updated on Sunday, 06 September 2009 11:55
 
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