Questions worth asking

A conveyancer manages the legal and administrative side of transferring property from one owner to another. This can include reviewing contracts and Section 32 statements, preparing and lodging relevant documents, communicating with the other parties involved and coordinating the settlement process. Our role is to take care of the detail while keeping you informed about what matters at each stage.

It's worth speaking with a conveyancer before you sign a contract, particularly if you're unsure about the terms or conditions. In Victoria, a Section 32 statement and contract of sale contain important information about the property and the proposed transaction. Having these documents reviewed before you commit can help you understand your position and identify matters that may need further consideration

A Section 32 statement, also known as a vendor's statement, contains important information about a property being sold in Victoria.It can include information about the property's title, mortgages, covenants, easements, zoning and outgoings. It is provided by the seller before the buyer signs the contract, and buyers can have the statement reviewed by their own conveyancer or legal practitioner.

Every property transaction is different, but settlement for a Victorian property is commonly between 30 and 90 days. The settlement period is set out in the contract of sale. During this time, your conveyancer manages the necessary documentation and communication to help prepare for settlement.

Settlement is the point at which the balance of the purchase price is paid, the transfer of ownership is completed and the buyer becomes the registered owner of the property.Your conveyancer or legal practitioner works with the other parties and relevant lender to complete the settlement process. Once settlement has been completed, the buyer can generally collect the keys and take possession, subject to the arrangements for the property.