Conveyancing
We help you buy and sell real estate
What is Conveyancing?
Conveyancing is the process of acting for someone in the purchase or sale of real property. This include many different types of property like:
First home
Vacant Land
Investment property
Unit (Body Corporate properties)
Commercial property
Rural property
Lifestyle acreage
Property to be built on, developed, subdivided or improved
Conveyencing Sunshine Coast
When we act for our clients, typically we deal with all matters in the conveyancing process from advice before they sign a contract right up to completion and everything in between. What we do for a Buyer when purchasing a property is different to the work we conduct for a seller selling their property.
Buying a property
The most important thing that we can do for a Buyer to is to ensure they get what they are paying for. This is more than just completing a transaction and paying for the property and having it transferred into their name. It involves providing advice, ideally prior to entering into a contract, conducting searches to find out the critical and important information about the property. It may also mean advising on how to best structure the contract and purchase generally.
We also advise buyers on the loan they may be taking from their bank. Quite often we will need to review a loan or mortgage.
BEST CONVEYANCING ADVICE
Call us now before you sign anything! We can give you a basic guide over the phone to start with and an estimate of costs.
This is at no obligation to you!
Selling a property
When acting for a Seller, the most important thing is that they receive their sale price in accordance with the terms of the contract. Ideally, we get to provide advice to sellers before they sign a contract. This way a seller can ensure they have properly disclosed what is required and that they can meet their warranty obligations under the contract. We also assist sellers with advice regarding any loan that must be repaid on settlement or related advice regarding their estate planning or tax advice that they need as a result of the proposed sale.
We also advise buyers on the loan they may be taking from their bank. Quite often we will need to review a loan or mortgage.
Legal costs for buying
When acting for a Seller, the most important thing is that they receive their sale price in accordance with the terms of the contract. Ideally, we get to provide advice to sellers before they sign a contract. This way a seller can ensure they have properly disclosed what is required and that they can meet their warranty obligations under the contract. We also assist sellers with advice regarding any loan that must be repaid on settlement or related advice regarding their estate planning or tax advice that they need as a result of the proposed sale.
We also advise buyers on the loan they may be taking from their bank. Quite often we will need to review a loan or mortgage.
There are 4 main parts to the costs for conveyancing when we are acting for a Buyer
Outlays
Outlays for searches we conduct on the property. Our clients pay what we are charged for these searches. The searches we make depends on the type of property and the requirements of each buyer. We are able to give a guide to a buyer beforehand and they can choose what searches they want us to conduct.
Titles Office Registration fees
These are the charges payable to the Titles Office in order to register a transfer of property into the name of the buyer. Like stamp duty, these fees are calculated on the number of lots the buyer is purchasing and the amount of purchase price.
Stamp Duty
This is basically a “tax” that is charged by the state government based on the purchase price of the property. It is calculated on a sliding scale (it increases as the price increases). There are exemptions and reduced amounts of stamp duty payable depending on whether it is your home and whether you have owned property before. We assist clients to ensure they obtain the appropriate exemption and that they know and understand when it is payable.
Professional fees
These are the fees we charge the Buyer for actually doing the conveyancing work.
The amount depends on what is involved and the type of property being purchased.
We are able to give our clients a clear estimate of fees up front before they engage us to act on their behalf.
Legal costs for selling
What are the Legal Costs of selling?
When acting for a seller the costs are in two parts:
- Outlays for any necessary searches. This is normally very minimal as it may only involve one or two searches which might amount to less than $50.
- Professional fees – These are the fees we charge a seller when we act for them in the sale of their property. Whilst there is less involved (normally) for us when acting for a seller, there are still important steps and advice to provide. As with all of our fees we are able to give our sellers a cost up front before they engage us once we know what they are selling and what is involved.
Other Matters…
There are many areas that relate to the sale or purchase of property where we also are able to advise and assist our clients including:
Asset Protection
Entity and Structure Advice
Tax related advice
Estate Planning
Water licences
Leasing
Call us is you want excellent start to finish conveyancing assistance.
Many clients (particularly first home buyers) have many questions like:
- When do I pay my deposit?
- What is Stamp Duty?
- What searches do I need to do?
- What else should I know?
- What name goes on the contract?
- What ID is required?
- When do I insure the property?
- What happens if my finance is not approved?
- What is settlement?
- Who does the building inspection cover?
- When do I get the keys?
- What about the real estate agent’s commission?
None of these are silly questions. We pride ourselves in providing detailed guidance to our clients from our first meeting so they are never left wondering what happens next. We also work with other parties involved in our client’s conveyancing process like their bank, real estate agent, building inspector and accountant.
Contact Us
Contact Info
By appointment only.
Suite 1, 2 Otranto Avenue, Caloundra Qld 4551
P.O. Box 1957 Caloundra Qld 4551
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