This Involves
Conveyancing lawyer
We can advise you on the transfer duty (State Government tax) payable and the availability of any relevant concessions. Simply ask the real estate agent to insert our details on the Contract and you can be confident your settlement will be as stress-free as possible.
We will ensure that you are well informed and accurately guided during the process. You can be assured that you will receive the best possible legal advice.
FAQs on conveyancing
Key dates in the conveyancing process include:
- The contract date
- The date the cooling-off period ends
- The date finance approval is due
- The date any other conditions are due, such as the building inspection date
- The settlement date
The cooling-off period applies to a buyer of residential property, commencing on the day the buyer or solicitor receives a copy of the signed and dated contract. The cooling-off period ends five business days after the contract is received.
The purpose of a cooling-off period is to allow a buyer to change their mind about proceeding with a contract. The buyer does not need to give a reason as to why the contract is terminated - if they wish to do so. However, the notification must be given to the seller in writing and the buyer must pay a penalty equal to 0.25% of the purchase price.