Conveyancing Services in Pakenham: Sharma Solicitors & Conveyancers
Understanding Conveyancing Process
Explanation of the conveyancing process for property transfer
- Preparation of the draft contract, including Vendors Statement (section 32) by the Vendor’s Conveyancer/Lawyer.
- Review of the contract by the potential buyer, including the price of any special conditions.
- Receiving offers from the potential buyer
- Acceptance of an offer by the Vendor
- Contract exchange
- Once both of you agree on the terms you have to sign an exchange of contracts making the agreement legally binding.
- Deposit payment: You have to pay a deposit at the time of contract change.
- Conditional Contracts: Contracts could be conditional upon the approval of the loan, receiving Building & Pest inspection report from the Registered practitioner etc.
- Ending of the contract or Contracts proceedings unconditional, what ever the case may be
- Signing loan documents by the purchaser and executing discharge of the mortgage document by the Vendor.
- Pre settlement inspection: The buyer might conduct a final inspection of the property to ensure it is agreed upon.
- Settlement
- The final stage where the balance of the purchase price will be paid and the property ownership will be transferred to you.
- Collection of the keys from the Real Estate Agent.
Importance of hiring a conveyancer for smooth transactions
Hiring a conveyancer or lawyer is really important for ensuring that your property transactions proceed smoothly and without legal complications. They have specialized knowledge of property law and the process. They handle all the paperwork and administrative tasks saving you time and reducing stress. Furthermore the experts identify and mitigate the potential risks like issues with property title or outstanding debts. These experts can help you negotiate on your behalf to ensure favorable terms in the contract of sale.
Services Offered by Sharma Solicitors & Conveyancers
Comprehensive list of conveyancing services provided
- Residential property conveyancing
- We help you in the purchase and sale of residential properties like houses, apartments and townhouses.
- Commercial property conveyancing
- We can handle the legal parts of buying and selling commercial properties like offices, retail spaces and industrial properties.
- Off the plan purchase
- We can manage the conveyancing process for properties purchased of the plan ensuring all the pre-construction and settlement requirements are met.
- Related parties transfers
We also assist in transferring the properties of relatives. It could be from:
- Parents to children
- Between the spouses in case of:
- Break up of their relationship
- Change in the percentage of ownership
- Deceased Estate
- Transmission
- Survivorship
Contract review
Settlement coordination
Specialization in property transfer and legal documentation
Why Choose Us
Experienced professionals
Our team has professionals, conveyancers backed up with lawyers, with extensive knowledge and property law.
Comprehensive services
We offer a full range of services from initial contract review to final settlement ensuring all parts of your transactions are covered.
Client focused approach
We prioritize your requirements and work closely with you to achieve your objectives. Our client centric approach ensures customized and attentive service.
Transparent fees
We provide clear and transparent fee structures so that you know exactly what to expect without any hidden expenses.
Proven track record
We have a proven track record of successful property transactions ensuring that we earn a reputation for reliability and excellence.
Efficient process
Our efficient processes and use of technology ensure that your transaction is handled swiftly and accurately.
Local expertise
As a locally based company we have in-depth knowledge of the local property market and legal landscape providing you with right insights and advice.
Strong communication
We maintain strong communication throughout the process keeping you informed and updated at every stage.
Conveyancing Fees and Costs
Explanation of conveyancing fees and costs
Online Conveyancing Services
Overview of online conveyancing options
Key features
Digital document management
All the documents are managed and signed electronically reducing the need for in person meetings.
Online communication
Communication between you and your expert is conducted through e-mail chat or video calls.
Real time updates
You can receive real time updates on the progress of your transactions through the online platform.
Personalized Conveyancing Assistance
Customized conveyancing solutions to meet your needs
Dedicated support from experienced conveyancers
Frequently Asked Questions (faqs)
Conveyancing is a legal process of transferring an ownership of a property from one party to another. It is important to ensure that with the transfer all other obligations, including payment such as Land Data transfer fees, Stamp Duty, Council rates, Water Rates, Owners corporation fees, Rent are adjusted and paid properly.
You can easily find the expert by using search engines and online directories to find local experts. You can seek recommendations from friends, families or real estate agents. Furthermore you can find reviews and testimonials to understand the reputation of the potential conveyancers.
The costs generally include professional fees which are charged by the expert for the services. You can also expect additional costs incurred during the process like title search fees, registration fees, government fees, PEXA (online settlement platform) fees etc.
Yes of course you can get affordable conveyancing fees but it’s important for you to not compromise on quality. You can obtain quotes from multiple experts and compare the fees. You should verify the qualifications and experience.
The difference between a conveyancer and a conveyancer lawyer is that a conveyancer is a professional who specializes just in property transactions while a lawyer is the one who specializes in all other areas of related laws such as family law, wills & estate, Trusts etc., and can offer you additional legal services and advice.
It is also important to keep in mind that if you choose a lawyer, he or she will invariably bring in additional knowledge, which may be priceless and can save many potential risks and challenges at a later stage. Furthermore, if there is a dispute during a conveyancing process, the conveyancer will charge his fees, will step out. You then need to appoint a lawyer for litigation purpose. Finding a lawyer at that critical stage is very overwhelming and costly. Whereas if your matter is handled by a lawyer, you will have no change over, and the whole experience will be much more assuring and smooth.
It all depends on the dates you agree in your Contract. Conveyancing matters generally are for 30 days, 45 days, 60 days or 90 days.
The online process has now become mandatory in Victoria. The online system for conveyancing is called PEXA.
Verification of Identity (VOI) is mandatory for both Vendor and purchaser in order to protect identity theft. You need to provide proof of 100 points of identification, which generally is covered by a passport and driver’s license.
Yes of course these experts can handle both residential and commercial property transactions so you don’t have to worry about anything. But it is important to ensure that your chosen expertise experience and expertise in specific types of property transactions that you are undertaking.
If there are issues during the conveyancing process you need to identify the problem thoroughly and communicate with the parties. Furthermore you need to work towards negotiating or satisfactory or resolution for all the parties involved. You need to offer legal advice on the best course of action and your rights. It is also important to keep in mind that if you choose a lawyer rather than a Conveyancer, he or she will invariably bring in additional knowledge, which may be priceless and can save many potential risks and challenges at a later stage. Furthermore, if there is a dispute during a conveyancing process, the conveyancer will charge his fees, will step out. You then need to appoint a lawyer for litigation purpose. Finding a lawyer at that critical stage is very overwhelming and costly. Whereas if your matter is handled by a lawyer, you will have no change over, and the whole experience will be much more assuring and smooth.