If you’re planning to finance your home purchase with a mortgage, it’s important to get pre-approval from your chosen lender before making an offer. This will give you an idea of how much you can borrow and avoid any surprises later on.
As your trusted team of real estate experts, we want to ensure our clients have a clear understanding of the process involved in buying property. Once we receive the contract from the seller’s representative, we will schedule a meeting with you to go over all the necessary details and points of the agreement. We understand that contracts can be complex and sometimes confusing, so we will walk you through it step-by-step while answering any questions you may have.
During our meeting, we’ll also discuss the payment of the deposit, which is usually 10% of the purchase price. In addition, we’ll investigate whether you are eligible for any government grants to help make the purchase process smoother. If you are interested in other financial options, such as Deposit Bonds, our team is available to discuss these options with you.
Once you have signed the contract and paid the deposit, the seller’s representative will exchange the contract. Our team will then work closely with your chosen lender to ensure the funds are available on settlement day. Rest assured that we will keep you informed throughout the process, including if any additional funds are required. We take pride in being thorough and transparent throughout the property purchasing process, and we look forward to helping you with this exciting milestone in your life.
Congratulations on making it to your final step of buying property! Settlement is the exciting last stage of this process, and typically occurs 35-42 days after contracts are exchanged. We will make sure to keep you informed prior to settlement regarding the outstanding amount due, ensuring it is adjusted for items including council rates, water rates and usage. At this point, we will “Stamp” the contract and collect the Stamp Duty alongside your purchase price. If you’re interested in figuring out exactly how much your Stamp Duty will be, we recommend checking out our helpful Stamp Duty calculator tool. But don’t worry – any other adjustments required by your contract will be made as well.
We’d like to take a moment to give you an update on the convenient, secure and fast online conveyancing process we use via PEXA. It is now the preferred method for conducting settlements, as it provides many benefits, including immediate registration of the transfer upon settlement. This will give you peace of mind knowing your name is officially on the property title. Let us know if you have any questions or concerns about this process, as we are here to help you every step of the way!
We value our community and are dedicated to providing honest, reliable and affordable legal advice to those who need it. We are always here to help you when buying property. We have a team of dedicated and highly experienced Solicitors all with in depth local knowledge. Our experience allows us to be confident and stand by our words.
Our first and only priority is you and learning about your legal issues
Our dedicated and professional team excel in various areas. We will make sure you have the right team behind you.
We take all our experience and dedication to ensure we do our best to achieve your goals every time you come to us.
When you approach Hills Solicitors for any legal advice, we will treat your like family, not like just another client. Our valuable clients are members of an evergrowing family that we wouldn’t be here without.