There are two elements of the Costs of buying a property or buying the business:
- Professional fees: We provide a fixed cost to manage your conveyancing matter, which covers all of the following chains for a conveyancing matter:
- Perusal of the Contract, review and advise on the terms of the Contract;
- Making amendment to the terms of the Contract with Vendor’s solicitor;
- Ordering strata report, or building and pest inspections when necessary;
- Effecting the formal exchange of the Contract;
- Arranging the payment of stamp duties;
- Ensuring that all outstanding/arrear fees such as council, water, strata levies are paid by vendor on settlement;
- Preparation of other legal documentation include preparing the Transfer, making requisition;
- Laising with broker/lender and arranging for documentations and settlement as required by lender;
- Find out if any Authority has any current or future interest in the land;
- Provide information when there may be any illegal building work which is not disclosed in the Contract;
- Preparing a settlement adjustment for council, water, strata (if applicable), which sets out the financial aspects of the transfer of ownership;
- Attending settlement with the vendors conveyancing and your lender;
- Overseeing the change of title with the Land Registry Service.
- Disbursements: Disbursements are the out-of-pocket expenses we pay to the third party in completing your conveyancing, they will be in addition to our professional fees. We pay for these on your behalf and include them on our final invoice. Some examples of disbursements include searches (council, water, land tax), strata report, building and pest reports and the settlement fee.