What is conveyancing? Do you need a conveyancer? Conveyancing is known to be a necessary process, both in buying and selling property. A professional conveyancer will ...
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Frequently Asked Questions
Conveyancing is the transfer of property ownership from one party to another. It includes buying and selling as well as receiving property from a gift or will. At Melbourne Conveyancing, our role is to ensure that the title transfer is as fast, simple and successful as possible. Our clients get convenience and peace of mind.
Before the settlement date, Melbourne Conveyancing will undertake adjustments. This is done to ensure that the seller pays all rates, outgoings, arrears, outstanding interest, taxes, and discharge of mortgage or caveat fees due on a property. We make the transfer process as smooth as possible whether you’re a buyer or seller.
Section 32 is a document that tells potential buyers important information they need to know about the title before signing a contract to purchase. This must cover information not readily found during the inspection process, such as regarding mortgages, outgoings, zoning and easements. As the seller’s legal responsibility, section 32 should be thoroughly checked by a conveyancing expert or legal practitioner.
Also known as the Early Release of Deposit Authority, section 27 is a written request by the seller for the early release of the 10% buyer deposit before settlement. It contains details of any caveats or mortgages over the property allowing the buyer to make educated decisions about whether to consent to the deposit’s release. Our team of skilled professionals can help you negotiate this process with confidence.
Settlement is the official process in which the final transfer of property occurs. As well as buyer or seller, it also involves financial representatives and conveyancers or solicitors. After all documents are signed, they are sent to the title office to register you as the new owner of the property.