Ray White Mountain Creek Buyers Guide 2018 2018 | Page 18

04
Buying
Congratulations!
Your offer or bid has been accepted. So what happens next?
Your purchase now begins the conveyancing process which
is formalised into two parts.
exchange of
of the
the contract
contract of of sale
sale
The execution
The settlement of the contract of sale
At this point, it's highly recommended
to employ the services of a professional
conveyancer or conveyance solicitor to
ensure the process goes as smooth
as possible. Ensuring that council and water
rates are up to date in payment,
and that any other rates are
similarly paid and adjusted as
needed.
They will help you with: Paying any other fees or charges,
including registration fees and
stamp duty.
Undertaking title searches to
determine if there are any liens,
restrictions, encumbrances, or taxes
against the property.
Meeting all special conditions in
the contract of sale
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Preparing all legal documents
required to transfer the property’s
title from the seller to the buyer.