How Conveyancing Works

This simple table explains the steps for conveyancing and how it works.

  Horrocks Solicitors You
Receipt of Contract
  • We obtain Title Search and a Registered Plan Search
  • We contact the seller’s solicitor and notify them that we are acting for you
  • Take out building and public liability insurance to product your property
  • Before the due date, you execute any building, pest or other inspections that you included in the contract and notify us of the results
  • Arrange unconditional finance prior to due date and notify us of:

– who is financing
– which branch
– contact details
– tell us if you are refinancing another property
– loan details and your contribution

Going Unconditional
  • If inspections were favourable, we notify the seller’s solicitor that the conditions were met
  • Notify agent that the contract has gone unconditional
  • If all the conditions have been met, the contract goes unconditional
  • You liase with financier to ensure that the mortgage documents are signed by you and delivered back to them as soon as possible.
Approaching Settlement
  • We obtain and check the rest of the searches required
  • If your financier requires additional searches, we notify you of the cost and then obtain the searches for them
  • Work with financier toward correct provision of funds for settlement to occur
  • Prepare settlement figures with relevant parties
  • If are going to be living in the home or unit….ensure that you signed and have witnessed Form 2.1 (Stamp Duty) Declaration) for the Office of State Revenue ASAP)
  • Arrange settlement time and location with your financier and seller’s solicitor
  • Advise financier of cheque details for settlement
  • Receive correspondence from us and if required, complete and sign Information Statement and Form 2.1 (Stamp Duty Declaration) and return it to us immediately
  • Work with your financier to ensure they are ready for settlement ,have no outstanding issues and documents correctly signed and received by them
  • Forward balance of settlement monies to be paid to seller, stamp duty and fees by way of bank cheques as directed by us.
Before Settlement
  • Advise you of the cheque details required at settlement
  • If required, you arrange bank cheques for settlement, stamp duty and our fees and get them to us
  • Generate stamp transfer document
  • Attend settlement on your behalf
  • Send letters to confirming settlement to agents and relevant parties
  • Remit stamp duty to Office of State Revenue
Post Settlement
  • For cash purchases, lodge Transfer at Dept of Natural Resources
  • Notify you in writing with details of settlement figures and tax invoice for our account
  • Receive letter and tax invoice for our work
  • Enjoy your new home!

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