Looking to buy a property?

Buying

Our conveyancing team are ready to help you streamline your steps towards settlement day.
What to expect —
What to expect —
What to expect —
What to expect —
What to expect —
What to expect —
What to expect —
What to expect —
What to expect —
What to expect —
What to expect —
What to expect —

How long does it take?

It depends. Three months on average.

Who's Involved?

  • You and your lawyer and a member of our property team
  • Vendor's estate agent and their lawyer/ conveyancer
  • Your finance broker or your contact at the bank
  • Your building inspector/ pest inspector (if you have one)
  • Your accountant

What's the process?

You’ve found a property within your price range and are now ready to make an offer and tackle the legal steps.

Making an offer and signing the contract on the dotted line

We get that it can be daunting to make an offer on a property. We can help you with drafting any special conditions you wish to submit with your offer. Common conditions include making your offer subject to finance, requiring a building or pest inspection, seeking early access to the property before settlement, selling your current home as a condition of proceeding with the purchase, or requiring that the vendor does certain work to the property prior to settlement.

The vendor's lawyer or conveyancer prepares the Contract of Sale and Vendor’s Statement, also known as a Section 32. We’ll review these documents, make sure your offer has properly been reflected in the contract, seek further information about the property where necessary and raise any red flags with you before signing.

Then we'll make sure that the contract has been signed and properly exchanged and work with you to make sure the deposit has been paid.

Pre- settlement steps

We will make sure any special conditions have been fulfilled (or that they are on track to being ticked off before settlement).

Then we will prepare the documents for settlement which are required to verify your identity, make sure that any stamp duty concessions or exemptions available to you are properly applied, and to give your lawyer the authority to proceed and arrange for the land to be transferred into your name at settlement on the online settlement workspace.

We will calculate and provide you with the amount required to settle and work with you and your financier to make sure the funds required are in the right place at the right time.

You should make sure you have insurance, gas, internet and electricity sorted out and effective from the settlement date and that you inspect the property in the seven days prior to settlement to make sure that the property is in the same condition it was in when you signed the contract (subject to fair wear and tear).

Settlement

At settlement we will require that the vendor's mortgage is discharged and that any other matters affecting the title (such as caveats or notices) are withdrawn or dealt with in accordance with the contract. We'll ensure the settlement funds have been applied correctly in the online settlement workspace and that the vendor has contributed its proportion to the rating period for any rates and outgoings (and that arrears are paid from funds due to the vendor). We check stamp duty has been properly assessed, that your correct name and address will be registered on title and your manner of holding is recorded on title in the way you have instructed us.

We'll let you know as soon as we can once settlement has been completed and it's time to celebrate! 

Following settlement, we will notify the council, water authority, and Owner's Corporation (if applicable) that you are the new owner of the land.

What to have in order

  • Pre-approval from your bank and details of your banker or broker.
  • A pest inspector and a building inspector lined up, if you wish to make an offer subject to inspections being conducted.
  • Make sure you know who will be the purchasing entity.
  • Your original identification documents  (passport and driver's licence).
Common questions — Common questions —
Common questions — Common questions —
Common questions — Common questions —
Common questions — Common questions —
Common questions — Common questions —
Common questions — Common questions —
Common questions — Common questions —
Common questions — Common questions —
Common questions — Common questions —
Common questions — Common questions —
Common questions — Common questions —
Common questions — Common questions —
I've made an offer on the property and it's been accepted! What happens next?

How exciting! Let the agent know to send the paperwork through to your lawyer at Sewells so we can review it carefully and give you some advice before you sign on the dotted line. If you've purchased at auction then send us through the signed contract as soon as you can. That way our land and business team will be on the front foot to help the process go smoothly for you and we can chat about the next steps.

Why do I need a conveyancer?

You'll need a lawyer or a conveyancer to take care of the legal aspects of the buying or selling process. We'll help you sort out the contract and vendor's statement, check any issues with the title and ultimately make sure the title to the property is conveyed in the right manner.

My real estate agent says I need a vendor's (Section 32) statement. What is this document?

This document is required by all vendors before they enter into a real estate contract. It sets out the information the vendor is obliged to provide the purchaser under the Sale of Land Act. It's really important to get the right help with this. If you don't give the purchaser accurate details (or if you omit any of the required details) they may be able to pull out of the contract.

what's the difference between a lawyer and conveyancer?

A conveyancer can only assist with straightforward property and business transfers and cannot provide legal advice. A lawyer is qualified to practice much more broadly (e.g. we can help make your will, or assist you with a dispute) as well as helping you with property and business matters. Not all contracts progress smoothly. It really helps to have a lawyer on your side from the get-go. That way we are ready to guide you to prevent and resolve any issues simply and quickly.

Our Buying Team

No items found.