Purchasing a property
The conveyancing process is the process of getting the property you purchased into your name. One you sign the contract and pay your 0.25% holding deposit, it is critical that you retain a lawyer to undertake the conveyancing process for you. Your lawyer will review the contract for you, recommend and organise pest and building inspection reports (or a strata report, if you are purchasing an apartment or villa), and if you are receiving a bank loan to facilitate the purchase, ensure that final loan approval is obtained prior to the expiry of your cooling off period.
When purchasing a commercial property, it is critical that you engage a lawyer to review the contract prior to making an offer and paying a deposit. This is because there is generally no cooling off period when purchasing a commercial property. Your lawyer will review the contract, and ensure you understand the terms and conditions of the contract before you sign on the dotted line. Your lawyer will advise you of things like what the zoning of the land is, what kind of business you or your future tenants can operate on the property, and whether land tax or GST is payable on the property.
Selling your property
Residential and Commercial
If you are selling your property, you will need a lawyer to prepare a legal document called a Contract for Sale. Once a Contract for Sale is prepared, your nominated real estate agent can proceed to start marketing the property, and you can start considering offers. It is important that your Contract is prepared properly and in accordance with the Conveyancing (Sale of Land) Regulation 2017. If it is not prepared properly, your purchaser can potentially back out of the purchase.
We Can Help!
With years of conveyancing experience, Corporate Legal can assist you with your conveyancing needs. Call Corporate Legal now on 0418 333 848 for a free consultation.
CONVEYANCING - SELLING
If you are selling your real estate, Corporate Legal understands the process in and of itself can be quite stressful, especially if you have undertaken renovations to get the property ready for market or have to co-ordinate a simultaneous purchase. Most of ‘what the lawyers do’ to complete your property transaction happens behind the scenes, but at Corporate Legal, we make sure you understand what is happening every step of the way. By taking a proactive and transparent approach with the transaction, Corporate Legal ensures that the process is as stress-free as possible for you.