Frequently Asked Questions
What is Conveyancing?
It is the process of transferring the legal ownership of real estate from one party to another.
What are Disbursements?
Disbursements are expenses that we incur on your behalf. These disbursements can include ordering title searches, rate and planning certificates, Owners Corporation certificates and postage.
What are Adjustments?
The adjustments of rates will ensure the Vendor pays for all rates and taxes due on the property up until settlement date. The adjustments also allow the Vendor to pay any arrears and/or outstanding interest on the rates and charges together with fees necessary to discharge any mortgages or caveats on the property.
What occurs at Settlement? And do I need to attend?
At settlement all parties meet at the agreed time to complete the property transactions. The parties involved are the Vendor’s and Purchaser’s representatives and Mortgagees. The appropriate documents and monies are exchanged and once all requirements are satisfied, settlement is deemed to be effected. The Vendor and Purchaser are then contacted and the Purchaser is able to collect the keys to the property, which are usually left with the Real Estate Agent.
Are the Vendor and Purchaser required to attend the Conveyancing Office at all?
No, neither party are required to attend our office, however, you are most welcome to come in, but transactions can be completed by mail, fax, email and phone.