The purpose of this buyer settlement process guide is to give you an overview of the settlement process and offer you some handy hints that will ensure your settlement is completed smoothly and efficiently.
A Contract for Sale is prepared by your Agent for presentation to the Seller. You may nominate Invest Conveyancing to represent you on the back of the Contract.
Your offer is accepted by the Seller and a copy of the Contract and Settlement Advice sheet is forwarded to Invest Conveyancing by your Real Estate Agent.
We will contact you once the Contract for Sale is received. We wish to thank you for nominating Invest Conveyancing and ask you a few questions that will assist us with the settlement process.
Initial settlement documentation will be forwarded to you. Feel free to contact us and chat through the paperwork that you have received. The Contract for Sale may be conditional upon the satisfaction of certain conditions before the dealing becomes unconditional. However, it is still important that all the paperwork is returned to us so we can action your settlement promptly once the Contract for Sale becomes unconditional. The Transfer of Land document will be included with our documentation and this must be signed by the Seller prior to settlement.
We will conduct all necessary searches on the Certificate of Title and forward these to your for your reference.
Once the Contract becomes unconditional, we will advise your Lender of the settlement date and provide them with the required documentation to assist with the preparation of your New Mortgage documentation.
You should contact your lending institute and arrange for the signing of the Mortgage documents if you are refinancing and your bank is taking security over other properties that you own, arrange with your Lender to sign a Discharge of Mortgage Authority form for the outgoing Bank.
Your Contract for Sale will be lodged for an assessment of Duty with the Office of State Revenue
Liaise with them Real Estate Agent to clarify who will be arranging for any inspections stipulated in the Special Conditions of the Contract to be completed.
Copies of any reports will be forwarded to you by Invest Conveyancing.
As settlement date approaches, we will contact your Bank and other parties involved in the transaction to arrange a mutually convenient time for settlement.
The Contract for Sale will be lodged for an assessment of Duty with the Office of State Revenue
We notify you when settlement has been arranged.
All parties attend settlement to exchange documents and funds.
Settlement has been completed and we will call you with the great news.
Within 4 – 6 weeks of settlement, we will forward you a search of the Certificate of Title noting you as the Registered Proprietor.
Just a quick note to say Deb and I were very impressed with your timeliness and efficiency during the settlement of our recent purchase in Trigg. Thanks for making the whole process trouble free!
Thank you and your team for making our settlement process for purchase of a property in South Hedland, an easy experience, despite the fact we are located in Melbourne. We are “first time interstate buyers” and were a little apprehensive as to what and how to do things in a different state from here in Victoria. All investment properties we have had over the years have all been in Victoria, so it was great that all details of the settlement in South Hedland went smoothly and all via internet/phone. Once again, thank you for a great service from Invest Conveyancing.