Conveyancing is the transfer of real estate ownership from one person to another.   It may sound simple, but it can be a complex area.   If you are selling or buying property you need to know your rights.   There are many areas of conveyancing that require specific attention such as:

• dealing with real estate agents
• first home owners grant
• certificate of title
• vendor’s statement
• contract of sale
• cooling-off provisions
• insurance
• obtaining finance
• planning and zoning restrictions

If you are buying a house you will need to factor extra costs into the purchase price - such as:

• Stamp duty
• Transfer of registration fees
• Mortgage insurance
• Moving costs
• Valuation fees

Did you know?

If you are buying a residential or rural property less than 40 hectares in size there may be a cooling-off period available to you.  If you decide not to go ahead with the purchase within three working days of signing the contract, you can withdraw by giving notice in writing.   This does not apply to auction purchases or if you have sought legal advice about the contract before signing.

If you buy a unit or a lot divided under a plan of subdivision you will probably become a member of the body corporate.   This is a committee made up lot owners.   The body corporate is responsible for maintaining and repairing driveways, gardens, lifts etc.   If you buy land of this type the vendor must provide details of the body corporate and the fees involved.

When you sell a house the deposit will usually be paid to the estate agent.   The monies can be released to you after you have given the buyer requested details about liabilities associated with the property.   The buyer will have to consent to the deposit being released to you.

When a conveyancing transaction takes place the parties are required to notify the Land registry, local council, state revenue office and rating authorities.    We will look after this for you.

When you sell property you provide the buyer with a vendor’s statement – this is well known as a section 32 statement.   This is provided to the buyer before they sign the contract.  The statement discloses information about the land only – not buildings and fittings.   As it is a legal document, we will prepare the vendor’s statement for you.   If the vendor’s statement contains incorrect information a buyer may be able to withdraw from a contract of sale.

A property purchase needs to be a written contract.    There are three types of contracts – contract of sale, an auction contract and a contract note.  A contract note is a simple contract which outlines

WHY JOLIMAN LAWYERS FOR YOUR CONVEYANCING NEEDS?

• Fixed price conveyancing with no hidden costs
• If you can't come to us, we'll come to you
• Solicitor prepared Documents
• Guaranteed to return your Calls
• Two locations - Echuca and Cohuna
• We take the time to explain the issues important to you in simple easy to understand terms.

"I really appreciate being able to deal with people who are down to earth, with prompt service, local or interstate if required. Someone who gets the job done with a fair price and a friendly face."
          Mr Rix, Leitchville.