Ulladulla Conveyancing.

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* Melanie is a Licensed Conveyancer and Justice of the Peace and has over 20 years experience in Conveyancing.

* Melanie has owned and operated Ulladulla Conveyancing since 2006 – starting it when she was just 23 years old.

* Melanie grew up in Lake Conjola and apart from living in Sydney for 4 years to work and study at Macquarie University as well as living & working in London for a year – she has been a local her whole life. Melanie is currently raising her family in Lake Conjola.

* Ulladulla Conveyancing is a member of the Australian Institute of Conveyancers, is a registered agent for the Office of State Revenue and is a subscriber to PEXA.

* Ulladulla Conveyancing has won loads of business awards and has successfully completed thousands of matters.

* A fixed fee is charged to avoid hidden costs.

SALE OF RESIDENTIAL PROPERTY:

Fixed Conveyancing Fee

(including GST

& usual disbursements)

$2,200.00

This amount is payable in 2 instalments being:

~ $750.00 upfront for the preparation of the Listing Contract so that the agent can market the property for sale.

~ $1,450.00 deducted at Settlement from the sale proceeds

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* If the property does not sell within 12 months of preparing the Listing Contract, an updated Contract will need to be prepared and the initial fee of $750.00 will be forfeited.

Fixed Fee Excludes:

- LRS Registration Fees on Transfer,

Discharge of Mortgage etc.

(current cost is $171.70 per document)

- PEXA Online Settlement Fee

(current cost is $137.39)

It is law that a complete Contract must be available before a real estate agent (or yourself if selling privately) can advertise your property for sale.

Once you have decided to sell your property, Melanie will take instructions from you over the telephone (which usually takes approx. 10 minutes).

Melanie will then order all of the required searches/certificates for the Contract on the same day that she takes instructions from you to ensure that the Contract is prepared and emailed to either you or your Agent without delay.

Once an offer has been accepted by you, the agent (or yourself if selling privately) will advise Melanie of the details and she will then email a copy of the Contract to you for you to sign and send a copy of the Contract to the purchaser's solicitor/conveyancer.

An exchange of contracts should then usually take place within approximately 2 weeks.

EXCHANGE

Once the purchaser's solicitor/conveyancer has reviewed the Contract (and possibly asked questions or requested amendments to the Contract), completed the searches/enquiries, made sure the purchaser's finance is arranged and had the Contract signed by the purchaser - contracts can then be "exchanged" which will result in a legally binding agreement.

The exchange takes place after the contracts are swapped i.e. the owner is given the purchaser's contract and the purchaser is given the owners contract and the purchaser has handed over the deposit. This is now usually all done via email.

Completion/Settlement will then usually take place within 6 weeks, which is when your mortgage will be paid out and you will receive the balance purchase price and will have to hand over the keys.

Once an exchange of contracts has taken place, Melanie will complete all necessary documentation on your behalf and arrange for your Bank to release the mortgage, if required.

SETTLEMENT / COMPLETION

Completion (also known as settlement) is when the purchaser pays the balance of the purchase price, becomes the legal owner and collects the keys before moving in.

Settlements are now done online via PEXA and the balance proceeds of sale will be transferred into your bank account as cleared funds within a few hours of settlement taking place.

To avoid a cyber crime attack, Melanie has processes in place to ensure this does not happen - such as dual authentication - so clients are never to rely solely on email instructions when transferring funds.

If you are buying a house on the same day using the funds from the sale of your current house, this is called a Simultaneous Settlement. Melanie can act on your behalf for a Simultaneous Settlement and will co-ordinate settlement to go through smoothly.

THE CONTRACT

The law states that there must be a Contract in place before residential property is offered for sale. This means that if you are shown a property you can ask to see the Contract before you make your decision to buy it. The Contract contains all the legal obligations that you are committing to and discloses some problems there may be with the property. It is Melanie's job as a conveyancer to advise you in relation to all aspects of the Contract.

PROPERTY INSPECTIONS

Melanie recommends that you get a property inspection report done by an independent inspector before signing the Contract. There are many different types of inspections that can be carried out (all of which are not compulsory):

Building Inspection Report - A building inspection report is a visual inspection that looks at the structure of the home and will detail the defects and advise if there are any repairs that are needed to the property (cost approx. $400.00)

Pest Inspection Report - A pest inspection report is a visual inspection to see if there is any evidence of termites, termite damage or conditions that are conducive to termite attack (Cost approx. $300.00)

Strata Inspection Report - If you are purchasing a unit/apartment within a Strata, Community or Neighbourhood plan (where levies are paid for the upkeep of common property) an inspection is carried out on the financial and minuted records of the Body Corporate. This is necessary to determine whether or not the Body Corporate is underfunded or may have other risks that are not evident from just looking at the property. (Cost approx. $350.00)

Survey Report - A survey report will identify where the structures (i.e. house, shed, swimming pool etc.) have been built on the land in comparison to where the actual legal boundaries are. This is required in case part of a structure is built on a neighbour's property and/or a neighbour's structure is built on the land that you are buying. An up to date survey is also required if you want to get a Building Certificate from Council (cost approx. $750.00)

Building Certificate - A building certificate is obtained from the local Council and is a certificate guaranteeing that all of the buildings erected on the property either have been approved or would be approved by Council (cost approx. $250.00)

Title Insurance - The protection under a title insurance policy is broad, providing cover for loss arising from certain unknown defects which are pre-existing to your ownership. The policy would cover illegal structures that have been erected, survey errors, boundary disputes, unregistered easements, access problems, zoning problems, fraud etc.

The premium is a one-off payment. If you would like further information about this insurance visit the website: www.stewartau.com or contact Melanie and she will send you a brochure.

Other Inspections - Other types of inspections and reports can be obtained for a variety of things if it is deemed necessary. The other types of reports (although not limited to these) are: Smoke/Appliance tests, Engineers certificate, Swimming Pool report.

EXCHANGE OF CONTRACTS

Once you are satisfied with your inspections and you have the money available to purchase (or if borrowing from a Bank you have received an unconditional loan approval) Melanie will meet with you to explain and sign the Contract.

If you are happy with the contents of the Contract, you can then pay your deposit and contracts can be "exchanged".

Until Contracts are physically exchanged, there is no legally binding agreement in place. The exchange takes place after both the owner and purchaser have signed their respective contracts and the purchaser has handed over the deposit.

Once "exchange" takes place - the Contract is legally binding on both parties.

DEPOSIT / DEPOSIT BOND

The deposit which is required to be paid at exchange of contracts is 10% of the purchase price. The deposit is usually transferred into the agent's trust account.

On some occasions it may be possible to negotiate payment of only a 5% deposit. If you do not have a 10% cash deposit you can order a Deposit Bond.

A Deposit Bond is basically an insurance policy in favour of the seller, for which you pay a premium, and if you decide not to go ahead with the purchase after exchange, the seller will then claim the 10% from the insurance company.

STAMP DUTY

Stamp duty must be paid at or before settlement and is payable on most contracts for the sale of property. It is paid to the NSW Government and is based on a scaled formula.

If you are a First Home Buyer you may be eligible for benefits and there are sometimes various other exemptions/concessions available so please discuss your situation with Melanie and she can find out whether you are eligible for any, which could save you thousands in stamp duty.

Melanie will organise and process the applications for the grants and exemptions at no extra charge.

SETTLEMENT / COMPLETION

Your contract will have a completion period (normally 6 weeks) from the date that it is exchanged. However, this period can be shortened or lengthened by negotiation before you sign the Contract.

On the completion date (also known as settlement) Melanie will arrange for the settlement to be done online via PEXA.

Once settlement has taken place, your name will be instantly recorded as owner of the property on the deeds and you can collect the keys and move in to the property immediately following settlement.

Settlements usually take place at 2pm.

SIMULTANEOUS SALE & PURCHASE

If you are buying a house using the funds from the sale of your current house this is called a Simultaneous Settlement.

Melanie can act on your behalf and will co-ordinate your sale and purchase settlement to go through smoothly.

PHONE:
0438 635 829

EMAIL:
melanie@ulladullaconveyancing.com.au

ARE YOU BUYING OR SELLING A PROPERTY IN THE SHOALHAVEN?

If so, you will need to use either a Solicitor OR Conveyancer to do the conveyancing for you
to change over the ownership of the house, unit or block of land.

HERE ARE THE REASONS WHY YOU SHOULD USE ULLADULLA CONVEYANCING...

SCHEDULE OF FEES

Schedule of Fees for a Sale

Schedule of Fees for a Purchase

INFORMATION FOR SELLING

INFORMATION FOR BUYING

PHONE: 0438 635 829EMAIL: melanie@ulladullaconveyancing.com.au

ARE YOU BUYING OR SELLING A PROPERTY IN THE SHOALHAVEN? If so, you will need to use either a Solicitor OR Conveyancer to do the conveyancing for you to change over the ownership of the house, unit or block of land.