F.A.Q

FREQUENTLY ASKED

QUESTIONS

When buying or selling real estate in Australia you will need a specialized person to represents you in the transaction. The term conveyancing refers to all the legal and administrative work associated with transferring the ownership of land or buildings from one person to another.

Fixed fee means that you are charged a fixed professional fee for the complete process, including cost of disbursements and any additional services required to complete the transaction, including GST.

A vendor statement also known as a section 32 is a document that tells potential buyers certain things about the property title they should know before signing a contract of sale to purchase the property. If you are thinking about buying a property it is important that it is checked by your representative/conveyancer. The seller is legally responsible for the vendor statement and in most cases is prepared by their representative/conveyancer.

When you buy land or property in Victoria, you are liable to pay duty. The duty payable in most some cases is based on the purchase price as per the contract of sale.  If you purchase a property off the plan you may be entitled to a reduction and only pay duties on the property value at that time of signing of the contract of sale.

The calculator below can assistance you with duties payable.

https://www.sro.vic.gov.au/calculators

A conveyancer is a professional who specialises in the transfer of property. Whilst many solicitors are able to undertake conveyancing work, they often do not specialise. Solicitors usually charge significantly more than conveyancers for providing what is essentially the same service.

During the course of the conveyancing process, there are various out-of-pocket expenses incurred by your conveyancer. These expenses include things such as title searches and council and planning enquiries which are known as disbursements.

At Melbourne Real Estate Conveyancing, the standard disbursements associated with all conveyancing transactions are included in the price quoted for your conveyancing; so in almost all cases, you will know exactly how much your conveyancing will cost before we even begin

We will look after all matters requiring your bank’s involvement. Just let us know which bank holds your mortgage, and we will do the rest.

Contact us.

If you are selling, all we need is a council rates notice and water rates notice for the preparation of your Section 32 statement, as well as any building permits or approvals that may have been issued for recent construction work that has been carried out on your property.

If you are buying, all we need is a copy of the contract and we will take it from there!

When you buy (or sell) a property, council and water rates (and body corporate fees if there is a unit or apartment involved) are shared between the buyer and seller according to when the buyer actually takes possession of the property. This process of apportioning rates is known as ‘making adjustments’.

Settlement is the moment when all of the documents and money required to complete the transaction change hands.

Settlement is usually attended by both the buyer’s and the seller’s conveyancers, as well as any banks that are involved in the transaction.

There is no need for you to attend settlement. We will contact you after settlement to let you know that everything has been completed.

Contact us for a competitive quote.

Our standard fees include all conveyancing work required plus all disbursements. The vast majority of cases are ‘standard’ transactions.

However should your transaction be unusually complex, require special document searches or certificates to be produced, extra costs may be incurred. Our office is usually able to advise you of the additional costs for non-standard transactions prior to the commencement of any work.

Fixed Fee

Fixed fee means that you are charged a fixed professional fee for the complete process, including cost of disbursements and any additional services required to complete the transaction, including GST.

 

Vendor Statement

A vendor statement also known as a section 32 is a document that tells potential buyers certain things about the property title they should know before signing a contract of sale to purchase the property. If you are thinking about buying a property it is important that it is checked by your representative/conveyancer. The seller is legally responsible for the vendor statement and in most cases is prepared by their representative/conveyancer.

 

Stamp Duty

When you buy land or property in Victoria, you are liable to pay duty. The duty payable in most some cases is based on the purchase price as per the contract of sale.  If you purchase a property off the plan you may be entitled to a reduction and only pay duties on the property value at that time of signing of the contract of sale.

The calculator below can assistance you with duties payable.

https://www.sro.vic.gov.au/calculators