Property negotiation and settlement can be an extensive and tedious process. Here are a few tips and tricks to follow when buying or selling a property.
Pre-Sale Formalities
Before purchasing a property, one needs to understand and carefully scrutinise the documents relating to the transaction. This includes the title deed, the plan, any easements and/or restrictive covenants, zoning certificate and sewerage diagram. Owen Hodge Lawyers assists the vendor by preparing a draft contract for prospective purchasers. In case you are a purchaser, we may advise you on the terms to be negotiated upon.
Contract Negotiation
Contract negotiation is the most difficult part of a property transaction. Our team will ensure that all the conditions specified by you are fulfilled and the contract drafting process is smooth and hassle-free. We will oversee the signing and exchange of contracts. We will also help you in understanding the legal implications of the clauses mentioned in the contract.
Make Arrangements For Finance
Arranging a proper source of finance is very important. One needs to apply early with all the necessary documents and disclosure statements to obtain an unconditional loan. Owen Hodge Lawyers and OH Mortgage Solutions can guide you on how the entire application procedure should be facilitated.
Inspection
Purchasers need to ensure proper inspections are completed to ascertain that all the special conditions mentioned in the contract have been fulfilled and property is as described before settlement. The purchaser may have rights to rescind the contract in case of non-fulfilment of the conditions.
Settlement and Transfer
A settlement occurs when the total amount due to the seller is paid off and the purchaser’s solicitor obtains the transfer of title and keys. Our team can make enquiries about rates and taxes due and payable and how these are apportioned between the purchaser and seller.
Insurance
In case you are the purchaser of a property, it is important to remember to take out a cover note of insurance for the replacement value of the house.
In case of any further queries, please feel free to contact our team of experts at Owen Hodge Lawyers.
Appointing A Solicitor
A good solicitor can help you through the rigour of the entire transaction. The experienced team at Owen Hodge Lawyers can advise and assist you during every stage of a property settlement and negotiation process including document examination, review, drafting of contract and obtaining necessary approvals and permissions. We understand and value your patronage and we will endeavour to protect your interest to the fullest. We can provide you with an information pack relating to property transactions and ensure that your property transaction is a hassle free experience. We can also help you with post transactional services.
4 Step Process of Property Settlement
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Swimming Pools Amendment Act 2012, NSW
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Buying, Selling Or Leasing a Residential Property With A Swimming Pool
Caveats
Can I change my mind after I have put a deposit on a home?
FAQ’s about Property Law
Corporate Scheme Registration And Community Management Statements
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Professional Fees Quote and Total Costs Quote
Purchasing a Home or Residential Property
Off the Plan Sales/Purchases
Search that Should be Completed By Buyer – Due Diligence
Searches Required to be Attached to the Contract of Sale
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Settlement Process
Strata Management Body
Strata Management Law and Regulations
The Right To Cool Off In 2013
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Selling A Home or Residential Property
Useful Terms
Boarding Houses Act 2012