Tuesday 21 June 2016

Docs from Conveyancer

I found this in our doorstep when I came back from my shopping this morning. This was the first communication from our conveyancer since I spoke with her on the phone in April when we paid the land deposit.


Looks like I'll be busy tomorrow reviewing these and collecting some requirements.

Conveyancers are required when one is buying a property. Our conveyancer costs $650, payable after the land has titled. As it says in our contract they will do the following for us:
  • advise on matters that we need to investigate before signing a contract or advising about the contract once it's been signed
  • arranging for searches and certificates
  • preparing a caveat to protect our interest
  • sending requisitions to vendor's representatives
  • coordinating with lender and sending any required documents
  • preparing transfer of land
  • preparing an adjustment of the rates on the property
  • arranging settlement with all parties
  • notifying the statutory authorities of the change in ownership of property
  • reporting to us   
At this stage, I'm not sure how much involvement they will really have in the process but having a conveyancer is required.  Fees can range from $650 to $1000, but all depends on their qualifications, lawyers and law firms can charge higher. 

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