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Northern Conveyancing

FAQ's

What You Must Know Before You Start?

What is a Conveyancer?

A Conveyancer is a specialist Lawyer whose main focus is to assist in the legal aspects of transferring a property from one person to another (Buying or Selling). Their goal is to transfer Legal Titles and discharge or add a mortgage to a property.

When is Settlement?

Settlement is usually set for 30 to 90 days after you have sold or purchased a property and a deposit has been paid. Once Settlement is complete all funds will be disbursed including any adjustments made such as the Water and Council rates. Settlement will take longer if the property is being developed and the developer is still working on the property. 

Why Should I Have A Finance Clause In My Contract?

A finance clause within a contract of sale tells the Vendor (seller) that you (buyer) legally agree to purchase the property upon successfully obtaining finance from a bank. It protects a purchaser from losing their deposit or the Vendor seeing from damages if the loan is declined. 

What Is A Section 32?

A Section 32 is a document that must be completed under the Sale of Land Act 1962 (Vic), the document discloses any information that may affect the price that the land is being sold at. It Provides a potential buyer with details about the property. 

What Documents Will I Need To Provide Or Fill In If I'm Purchasing?

You will need to provide the following documents (call or email us to receive any of the following documents):

  • Registration Form 
  • Northern Conveyancing Client Approval Documents: Appointment to Act, Client Authorisation, Cost Disclosure, Verification of Identity, Title Insurance.
  • Virtual Verification of Identity
  • GST Form (not-applicable most of the time)
  • State Revenue Office; Duties Online (Online form)

What Documents Will I Need To Provide Or Fill In If I'm Selling?

You will need to provide the following documents (call or email us to receive any of the following documents):

  • Registration Form (returned before sale)
  • Council, Water and Owners Corp Rates Notices (returned before sale)
  • Original Paper Title (return before settlement)
  • Northern Conveyancing Client Approval Documents: Settlement Funds Authority, Client Authorisation, Cost Disclosure, Verification of Identity, Section 27 - Mortgage or No Mortgage
  • Discharge Of Mortgage Authority (only applies if you have a mortgage)
  • ATO Clearance Certificate (Only applicable if your property sells for over $750k
  • State Revenue Office; Duties Online (Online Form)

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