Do you have questions about conveyancing melbourne suburbs,
residential conveyancing, stamp
duty and settlement?
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GCS Conveyancing Services
Level 1
24 Somerton Road
Somerton VIC 3062
Ph: 03 9442 2360
Fax: 03 9442 4459
Mobile: 0413 710 446
Questions you may mave about conveyancing Melbourne suburbs, residential conveyancing, stamp duty & settlement
What
is Conveyancing?
Conveyancing is "the process of legally transferring property ownership from the seller's name to the buyer's name".
What are Disbursements?
Disbursements are payments a conveyancer, such as ourselves, makes on your behalf to authorities to obtain relevant information about a property. How much we pay depends on whether you are buying or selling a house.
Typically, disbursements include:
a title search;
a building
certificate (if applicable);
a land
information certificate;
a water and/or
encumbrance certificate;
a planning
certificate;
a roads
certificate;
a land tax
certificate;
an owners
corporation certificate (if applicable);
Note: our $595 conveyancing quote/price includes all disbursements.
Owners corporation are not included.
What are Adjustments?
Adjustments
are payments the vendor of a property makes to make sure
that all rates and
taxes due on the property are up-to-date up to the settlement date.
What happens during settlement, and do I need to attend?
Settlement is when the buyer and the seller (or their representatives) come together to complete the transfer of the property from the one to the other.
At settlement, documents and cheques are exchanged
between all parties. Once the good title has been established and all
parties are satisfied, settlement is deemed to have been
effected. The vendor and the purchaser are then contacted by
telephone by
their representative to be advised that the settlement has occurred.
Usually
the keys to the property are left with the agent (unless other
arrangements have been made). The purchaser of the property would then
collect the keys from the agent as soon as s/he receives a call that
settlement has occurred.
It is not
usual for a purchaser or vendor to attend settlement, but our firm is
happy to advise you of the location and time of settlement should you
wish
to attend.
What is Stamp Duty?
Stamp Duty is a tax imposed by the Victorian Government on the purchase of any property in Victoria. According to the standard Contract of Sale, the buyer is the one who pays the stamp duty. The amount of stamp duty is determined by how much the property was bought for taking into account any concession the buyer may be entitled to.
Please feel free to contact
us about discussing any concessions or grants you
may be entitled to.
Do we need to come to your office?
Not
at all! We are able to attend to all your conveyancing needs by mail,
by fax, by email or by phone. You are, however, most welcome
to come and
meet our friendly staff at any time at our Somerton office.
Contact us now to let us know your needs.