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.
