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WHO WE ARE

We at Reliable Conveyancers prominently completes the property transactions while representing their clients who plan to buy or sell the properties. We will ensure that your transaction is not only safe but also in good hands.

No transaction is the same for us and hence, we tailor our services for every person. All this is with the sole aim of confirming that each client is given the advice that suits his individual needs.

We understand that property buying and selling can be both stressful and emotional. We make it easy for you, so that you do not have to invest too much time.

We understand the importance of the associated financial importance, be it buying or selling. We have you covered all the way. Our services cover all stages of the property buying and selling starting from the contract review, right through to settlement.

Our pricing is transparent which comes no surprised charges or expenses. Just the fixed fees.

Let us assist you in all your conveyancing needs in way that delivers you peace of mind with fruitful deal.

We are committed to continually setting new standards of excellence in client care and to making the process of buying, selling and remortgaging as fast, efficient and stress free as possible.

Step 1: Search the property that suits your requirement and to taste.

Prepare the list of your essential and non-essential requirements, before you take a decision to buy a property.

Evaluate the area, atmosphere and the neighborhood closely. This includes visiting the suburb and street at different times of the day and night. If you have children, you may want to check the quality of the local schools and the distance from the property. See if the shops completing basic requirements are close to the property or not.

Then ask yourself whether the property meets your requirements.

Do no sign a contract to buy a property till you are happy on all required situations relating to property. Never allow a real estate agent or seller to push you into signing a contract to buy a property.

While buying a property foremost condition is to check if the total cost of transaction is within your financial limits. Purchase price is not the complete price, the fees and charges you need to pay also fall within the purchase price, including:

  • Inspection fees
  • Valuation fees
  • Transfer of registration fees
  • Stamp duty
  • Bank charges
  • Other professional fees
  • Moving costs
  • Mortgage insurance

Once you express interest in buying a property, the seller or real estate agent will present you with a Contract of Sale and the Vendor’s Statement. These crucial documents are required to be checked vigilantly.

The contract should contain:

  • Details of the property
  • Your name and the seller’s name
  • Your agent’s details (if you are using an agent)
  • Details of both your and the seller’s legal practitioner/conveyancer
  • The price you have agreed on with the seller
  • The required deposit amount
  • The balance of the purchase price owing at settlement
  • The settlement period that both you and the seller have agreed on
  • Items at the property that are part of the purchase

In Victoria, before a person sells you a property, they must give you a Vendor’s Statement (or a Section 32 Statement). The statement must include information on the property’s title, including:

  • Mortgages
  • Covenants
  • Easements
  • Zoning
  • Outgoings (for example, rates)
  • Declaration if located in a bushfire prone area

A Vendor’s Statement is a legal document so all contents must be based on true facts and existence. If the seller has made insufficient or untrue information, you may be able to withdraw from the sale or take legal action against the seller.

  • Making the purchase of the property subject to receiving finance from your bank
  • Delaying the settlement for some reason
  • Specifying any chattels or fixtures that you insist on being included in the sale as oral assurances by any seller or real estate agent have no authenticity and may not be executed.

Once you select the property to buy, an offer stating the sale price that you deem suitable to pay. This leads to negotiation some times.

On acceptance of offer by the seller, you pay the deposit that is usually 10% of the purchase price. The quantum of deposit can be paid on higher side with the remainder payable at a time indicated in the Contract of Sale.

Once you have the property under offer, any other potential buyer can make an offer or inspect the property.

Signing of a contract by you and the seller after acceptance of all the conditions as you both decide mutually, binds the party.

Building inspection report

On payment of deposit, it is advisable to you to organize at your own for an inspection of the property through a qualified building inspector. The inspection points out a missed problem and fault that must be fixed. Only thereafter you should sign the contract of sale. Inspection report; sometime is an advantage that you consider to negotiate on the price of the property.

Pest inspection report

In Australia, termites cause heavy destruction to properties than fire, floods, and storms combined. You should also consider getting a pest inspection report.

On completion of building and pest report and you are on consensus on the price, on Contract of Sale can be signed at this stage and the property is sold.

In Victoria, buyers generally have a 3-day cooling-off period after signing the contract. 3 days is calculated from the purchaser signing the contract (not the vendor). This means that you have 3 days to change your mind and withdraw from the Contract of Sale.

It is important to note that cooling-off periods do NOT apply to properties:

  • sold at auction
  • over 20 hectares and primarily used for farming
  • mainly used for industrial or commercial purposes
  • where the buyer previously signed a contract for the property on the same terms
  • where the buyer is an estate agent or a corporate entity

If you decide to withdraw from a sale during the cooling-off period, you will be entitled to a full refund of the deposit, minus $100 or 0.2 per cent of the purchase price (whichever amount is greater).

On signing the contract it is advisable to get the property insured.

While you may be able to rely on the seller’s insurance up until settlement, a mortgagee or lender may expect to be presented with an insurance policy on the day of settlement.

During this period, your conveyancer will search the relevant certificate of title at the Land Registry. This will show all registered caveats, easements, covenants, mortgages, and mortgage discharges that affect the property. For example, there are situations where you need to have a caveat removed so you can proceed with the transaction.

The sale of the property is finalised and settlement is completed when you pay the balance of the purchase price in exchange for the seller providing the transfer documents and the certificate of title. The title of the property is transferred to you.

The condition of the property must be the same at the time of settlement that it was on the day it was sold. As the buyer, you should carry out an inspection in the week prior to settlement to confirm this.

When change of ownership takes place, your conveyancer will notify all authorities on your behalf.