Pricing

CONVEYANCING PROCESS FOR PURCHASERS

Contract Review: Our initial step is a thorough examination of your purchase contract (and strata report, if you require). We scrutinize every clause and condition to protect your interests, offering advice on potential risks and negotiating amendments if necessary. We ensure that the contract reflects a fair and equitable agreement, safeguarding you from unforeseen complications.

Due Diligence: If in doubt, and if you approve the cost, we conduct essential due diligence, including property searches and enquiries. This helps us uncover any hidden issues, such as encumbrances, easements, or planning restrictions that could impact your use and enjoyment of the property. This may also be required if the vendor’s contract contains out-of- date certificates.

Exchange of Contracts: Once you are satisfied with the contract terms, either the selling agent or vendor’s conveyancer facilitates the exchange of contracts. This crucial phase legally binds both parties to the sale. If you buy in an auction, the contracts are exchanged by the agent.

Pre-Settlement Preparation: Leading up to settlement, we make requisitions on title and in contact with the other party’s conveyancer meticulously prepare settlement adjustments. We arrange for stamp duty to be paid to government authorities (you need to have stamp duty funds ready before you exchange the contracts). We liaise with you or your financial institution to make sure your finance and your purchase funds are prepared for settlement.

Settlement Coordination: On settlement day, our agent will oversee the transfer of property ownership on conveyancing platform PEXA. They ensure all financial transactions are accurately processed and we supervise the process.

Post-Settlement Services: After settlement, we assist with any final steps, such as release of a balance of your deposit (less selling agent’s commission) to vendor. We provide you with a comprehensive report of the transaction and provide stamped copy of the contract for your records.

UNDERSTANDING YOUR DISBURSEMENTS

At Flat Fee Conveyancing by Checkbox Legal, we believe in transparency and helping you understand all aspects of the conveyancing process, including disbursements. These are out-of-pocket expenses incurred during the conveyancing process, and below are the examples of those you can expect to pay when purchasing a property.

On Contract Review (Purchase)

For purchasers, disbursements may occur during the contract review stage. These may include costs for conducting necessary searches such as title searches and certificates by various authorities. Vendor must provide some of these searches in the contract, however further investigations may be necessary (e.g. with local council). These searches are a part of the Due Diligence process and are crucial for uncovering any issues or restrictions associated with the property and ensuring your interests are protected. We will ensure you will approve (or not) the cost of these enquiries.

On Settlement

The final stage, settlement, incurs several key disbursements:

• PEXA Fees: PEXA (Property Exchange Australia) is an electronic settlement platform mandated for use in Australia. PEXA fees are charged for facilitating the electronic settlement process, ensuring a smooth and secure transaction.
• NSW LRS (Land Registry Services) Registration Fees: These fees are charged for the registration of title changes with the NSW Land Registry Services, a critical step in legally transferring property ownership.
• Settlement Agent Fees: Settlement agents play a vital role in finalizing the conveyancing process. Their fees cover the coordination of settlement activities, including liaising with all parties involved, ensuring funds are correctly allocated, and overseeing the final transfer of the property.

CONVEYANCING PROCESS FOR VENDORS

Flat Fee Conveyancing by Checkbox Legal, we recognize the importance of a well-drafted contract of sale for a seamless and successful property transaction. We meticulously prepare your contract, ensuring it includes all compulsory vendor's disclosure documents such as title searches, planning certificates, and draft special conditions. This crucial step ensures transparency and minimises potential disputes, enhancing purchaser’s confidence.

Once the contract is drafted, it is released upon your instructions to your selling agent for marketing. Interested purchasers go to their own conveyancers to have the contract reviewed, and, as a result, some negotiations may take place initiated by them to amend terms and conditions of the contract. We will advise you on those requests and obtain your instructions.

As we prepare for settlement, we meticulously manage every detail. We address any requisitions, and coordinate with the buyer's conveyancer to ensure all financial aspects are in order. Our commitment is to make the sale process as smooth and stress-free as possible, ensuring you achieve the best outcome with complete peace of mind.

UNDERSTANDING YOUR DISBURSEMENTS

At Flat Fee Conveyancing by Checkbox Legal, we believe in transparency and helping you understand all aspects of the conveyancing process, including disbursements. These are out-of-pocket expenses incurred during the conveyancing process, and below are the examples of those you can expect to pay when purchasing a property.

On Contract Drafting (Sale)

When drafting the contract for the sale of your property, disbursements typically include the costs for compulsory documents required for vendor's disclosure. These may consist of title searches, council certificates, swimming pool compliance and planning certificates. These documents are essential to provide accurate and legally compliant information to potential purchasers.

On Settlement

The final stage, settlement, incurs several key disbursements

• PEXA Fees: PEXA (Property Exchange Australia) is an electronic settlement platform mandated for use in Australia. PEXA fees are charged for facilitating the electronic settlement process, ensuring a smooth and secure transaction.
• NSW LRS (Land Registry Services) Registration Fees: These fees are charged for the registration of title changes with the NSW Land Registry Services, a critical step in legally transferring property ownership.
• Settlement Agent Fees: Settlement agents play a vital role in finalizing the conveyancing process. Their fees cover the coordination of settlement activities, including liaising with all parties involved, ensuring funds are correctly allocated, and overseeing the final transfer of the property.