Conveyancing
Buying Residential Property
Costs: Professional Fees plus GST and Disbursements
We offer Fixed Professional Fees for standard residential conveyancing work
Standard purchase conveyance includes all our time for working on your matter from start to finish:
- Meet you face-to-face and provide you with legal advice in relation to purchase
- Receive and review the contract for sale
- Negotiate any amendments you wish to make
- Order any reports you require such as pest, building, survey and strata report
- Liaise with your lender to ensure your loan is approved
- Review the contract to ensure it is ready to proceed
- Letter of advice outline the purchase process
- Proceed to unconditional exchange
- Make requisition on titles and check replies
- Order and check all remaining searches
- Order Section 184 or 26 certificate if required
- Advise you of any additional searches that may be required by your lender
- Assist you to meet any requirements imposed on you by your lender
- Assist you to complete the purchaser and transferee declaration
- Liaise with lender to ensure they are prepared for settlement
- Prepare Notice of Sale and Section 22 Notice
- Prepare settlement figures and book settlement with your lender and the vendor’s solicitor
- Prepare a property transfer and arrange to have the Transfer and Contract for Sale stamped (stamp duty paid)
- Obtain Capital Gains Withholding Clearance Certificate
- Advise you and your lender of cheque details for settlement
- Arrange and attend settlement and ensure that all Title Documents are in order
- Pay settlement monies as instructed by the vendor solicitor
- Prepare and forward Order on Agent to the agent
- Contact you and the real estate agent to confirm that the settlement has taken place
- For purchases without a mortgage, lodge the Transfer and Notice of Sale with the Department of Lands and then send you your Title Deed when it has been registered
- Send you a final reporting letter
What are the disbursements?
Disbursements are the fees and expenses which we will have to pay out to other organisations as part of the house-buying process. The following are the must-have property inquires:
Section 603 – Council Rates
Section 66 – Water Rates
Section 184 or Section 26 Certificate (strata/community title property only)
Section 47 – Land Tax Certificate
The other highly recommended inquiries include:
Council Outstanding Notice
Roads and Maritime Services
Local Electricity
State Rail
Department of Education
Transgrid and etc.
Agent’s Stamping and Settlement Fee
eNOS
Final Title Search
Certificate of Currency (Mortgagee Requirement for Strata Title Property)
Office Expenses
You should also budget for the following costs with your purchase:
*Pest & Building Inspection Reports
*Strata Inspection Report
*Stamp Duty
YFX Lawyers is your one stop property conveyancing law firm specialising in all types of property transaction. We offer quality conveyancing services with a fixed fee
Selling Residential Property
Costs: Professional Fees plus GST and Disbursements.
We offer Fixed Professional Fees for standard selling conveyancing
Standard selling conveyance includes all our time for working on your matter from start to finish:
- Conduct the searches and inquires and obtain all the statutory disclosure documents
- Prepare the contract for sale and forward to listing agent
- Prepare Section 66W certificate if required
- Negotiate any amendments requested by a purchaser or purchaser’s solicitor
- Arrange for unconditional exchange
- Liaise with your discharging bank to ensure your loan is completely discharged
- Review the final amended contract to ensure it is ready to proceed
- Order and check the searches in preparation of an accurate and final settlement adjustment sheet
- Advise you of any additional requirements that may be required by your discharging bank
- Assist you to meet any requirements imposed on you by your discharging bank
- Liaise with your discharging bank to ensure they are prepared for settlement
- Review settlement figures and book settlement with your discharging bank and the purchaser’s solicitor
- Arrange for you to sign a property transfer
- Attend settlement and ensure that all Title Documents are in order
- Prepare Notice of Allotment and/or Order on Tenant if required
- Pay settlement monies as instructed by you and your discharging bank
- Contact you and the real estate agent (if any) to confirm that the settlement has taken place
- Send you a final reporting letter
What are the disbursements?
Disbursements are the fees and expenses incurred by us in completing your selling.
They include searches and inquires and all the statutory disclosure documents required to be attached to the NSW Contract for Sale of Land:
Title Searches
Deposited Plan/Strata Plan
Dealings
Section 10 (2) Certificate
Drainage Diagram & Sewerage Diagram
Agent’s Settlement Fee
Office Expenses
For more information, please contact YFX Lawyers on (02) 8677 5386 or ring to make an appointment with our office.
Other Conveyancing Work
Our firm solicitors also specialise in Off the Plan,
Commercial and Industrial Property Conveyancing.
For more information, please contact our office: (02) 8677 5386
Conveyancing Dispute Resolution Scheme
If you are involved in a dispute concerning a contract for the sale of land, and your solicitor is a member of the Law Society, the Law Society’s Conveyancing Dispute Resolution Scheme may be able to provide assistance.
The Scheme is run by the Law Society’s Property Law Committee and aims to offer an impartial and authoritative alternative to litigation or arbitration. Under the Scheme, the Committee is available to hear disputes and provide the parties with a binding determination.
For more information, please contact YFX Lawyers on (02) 8677 5386
For more information, please contact YFX Lawyers on (02) 8677 5386 or ring to make an appointment with our office.