8. How much and the conveyancing ?
Free on Violater.com. Note additional features such as bold, highlight or feature property will be extra on Violater.com where users can opt for. The conveyance legal fee levied by KHAI KWAN will start at AUD 1000 (plus GST) plus disbursement. These can include:
a title search
certificate fees charged by authorities with responsibility for water, electricity, roads, schools etc.
photocopying
registering the mortgage
registering the transfer.
Conveyancing costs other than legal fees and disbursements may include:
building and pest inspections
survey report
establishment of mortgage
home building insurance
valuation fees
mortgage insurance
stamp duty and mortgage duty
levies, if the property is in a strata or community scheme
council and water rates.
The conveyancing itself may consist of the following steps which is arranged by KHAI KWAN (in NSW)
examining the contract for sale
arranging building and pest inspections
examining a strata inspection report (if the property is in a strata scheme)
arranging finance if necessary
exchanging the contract of sale
paying the deposit
arranging payment of stamp duties
preparing and examining the mortgage agreement
checking if there are outstanding arrears or land tax obligations
- checking if swimming pool compliance documentation is needed
finding out if any government authority (eg. local council, Sydney Water, NSW Roads and Maritime Services) has a vested interest in the land or if any planned development could affect the property
finding out any information that may not have been previously disclosed such as a fence dispute or illegal building work
calculating adjustments for council and water rates for the property settlement
overseeing the change of title with Land and Property Information NSW
completing any final checks prior to settlement
attending settlement.
Extra costs will be levied for non-Australian Citizens because of the various requirements such as withholding tax and so on where applicable. All billable items are listed for easy reference. Please contact us for a copy of cost and disclosure agreement from KHAI KWAN.
