Frequently Asked Questions about Conveyancing

 




What do I need to do to get started?

Contact Us - If you are selling, all we need is a council rates notice and water rates notice for the preparation of your Section 32 statement, as well as any building permits or approvals that may have been issued for recent construction work that has been carried out on your property.

If you are buying, all we need is a copy of the contract and we will take it from there!


What is a Section 32 statement?

A Section 32 (or Vendors Statement) is a statement that must be attached to every contract for the sale of land in Victoria. It merely sets out for any prospective purchaser various details about the property so that the purchaser may make an informed decision before buying.


What are adjustments?

When you buy (or sell) a property, council and water rates (and body corporate fees if there is a unit or apartment involved) are shared between the buyer and seller according to when the buyer actually takes possession of the property. This process of apportioning rates is known as 'making adjustments'.


What happens at settlement?

Settlement is the moment when all of the documents and money required to complete the transaction change hands. Settlement is usually attended by both the buyer's and the seller's conveyancers, as well as any banks that are involved in the ransaction.

There is no need for you to attend settlement. We will contact you after settlement to let you know that everything has been completed.

 

I'm Selling. What do I need to tell my bank?

We will look after all matters requiring your bank's involvement. Just let us know which bank holds your mortgage, and we will do the rest.


What about Stamp Duty?

If you have a bank or other lender assisting with your finance, they will attend to the payment of stamp duty for you (out of the total amount they are lending you. If you are not borrowing any money for your purchase, then we will advise you of the amount of money that you need to make available for stamp duty, and will attend to the payment stamp duty, on your behalf, when required.


How much do we charge?

Contact Us for a competitive quote. Our standard fees are inclusive of disbursements and GST. The vast majority of cases are 'standard' transactions.

However should your transaction be unusually complex, require special document searches or certificates to be produced, or if you are refinancing an existing loan for your purchase, extra costs may be incurred.


What are disbursements?

During the course of the conveyancing process, there are various out-of-pocket expenses incurred by your conveyancer. These expenses include things such as title searches and council and planning enquiries, and are known as disbursements.

At Mary Haines Conveyancing, the standard disbursements associated with all conveyancing transactions are included in the price quoted for your conveyancing; so in almost all cases, you will know exactly how much your conveyancing will cost before we even begin.


Australian Institute of Conveyancers Victorian Division

Member of the Australian Institute of Conveyancers

This firm holds Professional Indemnity Insurance Against Civil Liability

Justine Lidgett is holder of Victorian Conveyancer's Licence No.000697L

Mary Haines is holder of Victorian Conveyancer's Licence No.000239L

Haines Conveyancing Services Pty Ltd ACN 153 316 548
is holder of Victorian Conveyancer's Licence No.000754L



eMail: conveyancing@maryhaines.com.au


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