Buying a property can be one of the single biggest transactions you undertake in life. That’s why we want to alleviate the stress of it by guiding you through the transaction right from when you sign a contract through to settlement.
We are happy to review the contract before you sign or during the Cooling off period to help you understand your obligations. If there are any special conditions or clauses in the contract that need to be updated to better reflect your situation, we also let you know.
Once you sign the contract and the cooling off period expires we then get the transaction underway which involves keeping in contact with you, your bank/finance broker and the Vendors representative to ensure any special conditions are satisfied. For example finance approval, building and/or pest inspections and Vendor works. If necessary we assist in arranging extension of the relevant dates if more time is required. Once all conditions are satisfied we notify the Vendor’s representative and the Real Estate agent the contract is unconditional.
We then commence searches and enquiries in relation to the property to ensure the Vendor has provided all correct information, and to ascertain what, if any, council rates, water rates and other charges are outstanding on the property. We also contact you to arrange a Verification of Identity, signing of a client authorisation/Transfer of land and any supporting documents/declarations required to meet legislative requirements.
Prior to settlement we liaise with your Bank for your loan funds to be available for settlement and once the Bank and the Vendors representative are booked for settlement we prepare your settlement statement including checking the Vendors adjustment of rates and other charges.
On the settlement date we attend to settlement either electronically on PEXA or on your behalf in person at the Land Titles Office to check that all documents provided by the Vendors representative are correct and to pay the balance of the purchase price with your funds and/or the Banks. We then notify you once settlement has been completed and also advise the local Council, SA Water and RevenueSA of the change of ownership of the property. It is at this point you get to collect the keys!
If you have an enquiry regarding purchasing a property, please contact us today.