All Property
SALE OR PURCHASE CONTRACT PREPARATION
All Law provides our clients with a Complimentary Contract Preparation Service.
Why not take advantage of this generous no obligation offer.
It’s a smart choice to have a legal professional write up the contract which encapsulates your best interests.
A property is a valuable asset you really should leverage the best legal advice prior to entering into a contract which carries serious performance obligations. Don’t risk not being properly informed.
We provide you with a contract of sale/purchase as a complimentary service – that’s right it wont cost anything to have ALL LAW construct the contract as part of your sales or purchase process. Once a sale or purchase is made then you can rely on our fixed fee professional services to manage the transition from executed contract to Settlement. It makes financial and emotional sense to entrust the transfer of your most precious asset to our professional conveyancing service team.
CONVEYANCING & E-CONVEYANCING – OUR FIRM IS TECHNOLOGY READY FOR PEXA
Selling & Buying can be a stressful time for both parties so it’s a relief to leverage our legal assistance to represent you to achieve the best possible outcome. All Law can facilitate property transactions manually or on the PEXA E-Conveyancing platform. Let us use the best tools of the trade to affect the transfer of your asset/s securely with our every step of the way professional due diligence.
All Law has a strong technical backbone and our systems are geared up for electronic conveyancing today! Most Queensland firms are not even thinking of providing this service until formally mandated by legislation.
The national landscape has seen a mandating of e-conveyancing in States such as NSW and Victoria.
Inevitably we expect that all property in Queensland will likely be transacted in this way in the near future. All Law is a progressive and highly skilled firm that is able to provide this awesome and secure service as an option. Here is a simple overview of the steps to settlement that needs our professional attention.
THE CONVEYANCING PROCESS
Stage 1 – Executed Contract
- Title Search/Ownership verification (VOI)
- Managed Contract Execution by all relevant parties
- Statutory Cooling off period
- Statutory Obligations review
Stage 2 – Contract Subject to Terms/Special Conditions:
Property related searches– A valuable asset such as a property should be subject to some important initial searches to ensure that the seller has actual ownership of the property and is able to transfer the title on the day of settlement. For example;
- A title search is always recommended as it highlights ownership, any recorded dealings associated with the property such as caveats and easements. Furthermore; it provides additional information that is critical to transferring title.
A Bankruptcy or Company search this is also important if you are buying from a company or from a possibly bankrupt party. Knowing this in advance can allow you to make the right decisions during the conveyancing process by reducing risk and ensuring that parties can settle on the nominated day.
Other related searches– Depending on the property and its location it may be prudent to order other related property searches such as a contaminated land search, flood prone areas, and various other key searches that could save you thousands of dollars. Our Conveyancing Team will lead you through this process and provide recommendations based on your individual needs at the time.
Finance– Assist and manage the transition from application of finance to finance approval by bank
Pest and Building– Assist and manage the transition from P&B inspection to review of these critical reports and provide further advice on the report finding and the legal implications of the contract progressing or terminating at this stage.
Due Diligence-Assist and manage the transition of due diligence period to completion of these important investigations.
Body Corporate (if required) – Buying in a Strata Complex usually entails a due diligence period whereby the buyer can satisfy themselves that any issues within the complex are highlighted for their informed consideration. We assist by ordering Strata Searches and examining those documents to form a conclusion in relation to the risk of acquisition and to highlight relevant obligations or liabilities early in the process so that informed decisions can be made in relation to progressing to settlement or terminating the contract prior to it becoming unconditional
Special Conditions– Some contracts require the mandate of Special Conditions that highlight additional obligations for the buyer/seller and these must be performed in order to progress a successful settlement.
Stage 3 – Contract Unconditional
Once the contract is unconditional – that’s when all the above conditions have been properly satisfied then we manage the next critical steps of the conveyancing process;
- Preparation of Transfer Documents
- Preparation of Stamp Duty Forms (if required)
- Arranging settlement with Banks and Other side solicitors
- Settlement Statement Preparation and/or review
- Cheque Directions
- Final Title Search on the day of settlement (to ensure that all is perfect to settle)
- Attending to Settlement and all Final Stamping
- Authorising Payment to Agents
At All Law our Conveyancing Team will assist you with your property purchase or sale – call us today !!!.
We offer a fixed fee service so you will know exactly how much you pay for our professional fees.