| Receipt of Contract |
| Your Solicitor |
You |
- We receipt and allocate your contract and contact you to discuss what to do next
- We prepare and forward you a comprehensive letter with documents for your perusal and signing
- We order Title Search & Registered Plan Search
- Notify seller’s solicitor that we are acting for you
- We prepare transfer documents and forward them to the seller’s solicitors for signing
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- Take out building and public liability insurance
- Organise Building & Pest Inspections, and notify us regarding results prior to due date*
- Organise unconditional finance prior to due date and notify us
-
- who (finance, person)*
- where (location, branch)*
- contact numbers*
- are you refinancing another property?*
- Provide us with details of loan and your contribution*
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| Going Unconditional |
| Your Solicitor |
You |
- If required, we will seek an extension to condition that has yet to be fulfilled Notify Agent
- After conditions are met, your contract is now unconditional
|
- Arrange mortgage documents to be signed by you and delivered back to financier/broker*
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| Lead Up to Settlement |
| Your Solicitor |
You |
- We order and obtain remaining searches and check all Searches
- Prepare settlement figures
- Book settlement with your financier and seller’s solicitor
- Advise financier of cheque details for settlement
|
- Receive correspondence from us and complete and return to with a cheque for the cost of searches
- Chase up financier to ensure they are ready for settlement and have no outstanding items (ie. Fire Insurance)
- Forward balance of settlement monies to be paid to seller, stamp duty and our fees by way of bank cheques as directed by us
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| Just Prior to Settlement |
| Your Solicitor |
You |
- Advice you of cheque details required for the settlement as soon as possible. Cheque details are dependent on all parties involved
- This could be as late as the day of settlement depending on when information is available
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- After we advise you of the cheque details, you arrange Bank Cheques for settlement, and our fees and provide these to us
- This could be as late as the day of settlement depending on when information is available.
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| Settlement |
| Your Solicitor |
You |
- Attend settlement
- Send final letters to confirm details of settlement (to you and agent*)
- Contact you and agent to confirm settlement.
- Pay Office of State Revenue (stamp duty).
|
- Receive final letter and Tax Invoice from us after settlement
|
| Post Settlement |
| Your Solicitor |
You |
- For cash purchases, stamp the transfer and then lodge the transfer
- Send final letter to you with details of settlement figures and tax invoice for our account
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