Endeavour Conveyancing Services will advise the Real Estate Agent and the Purchaser can then collect the keys and move in. The Agent will then pay the balance of the deposit to the Vendor. Endeavour Conveyancing Services will notify Council, Water Authority and Strata Corporation (if applicable) of the change of ownership. Endeavour Conveyancing Services will [...]
The contract provides for the Vendors Conveyancer to issue a Notice to the purchaser for settlement to occur within the next 14 days. If the purchaser fails to settle it will forfeit the 10% deposit to the Vendor.
For a Vendor: Sale funds are deposited to vendors account, as cleared funds, within a couple of hours after settlement. For a Purchaser: The transfer is registered on title immediately.
All settlements in NSW are now done electronically. Property Exchange Australia (PEXA) is a recently formed internet platform established by Conveyancers, land Registry Services and Banks to facilitate property settlements electronically. The system is modern and very efficient. Endeavour Conveyancing Services is a leading PEXA user in the Sutherland Shire.
The purchaser is entitled to inspect the property, in the 3 days prior to settlement, to ensure the property is in the same condition as it was at echange of contracts and that all inclusions, noted on the contract, remain in the property. The inspection will be arranged with the Real Estate Agent.
Stamp Duty is a State Government charge a purchaser must pay before settlement. It is calculated on the price of the property. $500,000 price - approximately $18,000 stamp duty. $1,000,000 price - approximately $40,500 stamp duty.
For the purchase of a house, Endeavour Conveyancing Services can arrange both building and pest inspections of the residence. These will satisfy the purchaser of the structural condition of the property. For the purchase of a Strata property, endeavour Conveyancing Services can arrange an inspection of the records of the Strata corporation. This will disclose [...]
In New South Wales purchasers of residential property have a right to a 5 business day Cooling Off period. In this time the purchaser can finalise loans and have building and pest inspections completed. Vendors do not have the benefit of a Cooling Off period.
Endeavour Conveyancing Services are Conveyancing Specialists and therefore can concentrate on the legal and financial aspects of your property transfer. We have University qualified Conveyancers with more the 60 years combined experience in Conveyancing. Also, for your protection, Conveyancers must have Professional Indemnity and Fidelity insurance. We focus solely on your property transaction. You do [...]
In New South Wales the standard contract calls for a settlement 6 weeks after exchange of contracts. However, the parties can negotiate and agree on a shorter or longer time for settlement.