Alliance Conveyancing 20 Wallis St, FORSTER NSW 1300 744 484 (1300 RIGHT 4 U) enquiries@allianceconveyancing.com.au
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The Conveyancing Selling Process



Selling your Home? Alliance Conveyancing can Help

The time has come to sell and move on. But what do you need to do in order to get your property ready for sale? Follow the conveyancing selling process step by step below!

Step 1: Contract Preparation

Before your property can be advertised or presented for sale, it is a legal requirement that you have a contract prepared so it can be given to any prospective buyers.
We prepare your contract, taking into account any special requirements that you might have, or that might be necessary to protect you.
In order to prepare your contract, we need to obtain all the mandatory documents that need to be included (such as a council zoning certificate, a copy of the title and other title documents, strata plans, sewer diagram and any other documents). We will also write any special clauses that may be required for your contract.
Once the contract is drafted, we will provide a copy to you and your agent. When you have found a buyer and have negotiated the terms of the sale, we will update the contract accordingly and liaise with the real estate agent and the purchaser’s conveyancer to organise the ‘exchange of contracts’.

Step 2: Exchange of Contracts

At exchange, two copies of the contract are printed.
One is signed by you and the other by the purchaser.
These contracts are then ‘exchanged’ so that each party holds the contract signed by the other party.
The purchaser will pay the deposit at this time (usually 10 percent) and the contracts will be dated.
This is the point at which the purchaser becomes legally bound to complete the transaction.

Selling your Home? Alliance Conveyancing can Help
Selling your Home? Alliance Conveyancing can Help

Step 3: Conveyancing Process

Once the contracts have been exchanged, we continue to guide you through the legal process. We let you know what you need to do and when it needs to be done.
We make sure that all of your obligations are performed, and we ensure that the obligations on the purchaser under the contract also are performed. We ensure that, if there is a mortgage, we help you to satisfy all of the various processes of your Lender in their document and process requirements.
We will liaise with the real estate agent, the purchaser’s conveyancing representative, and your Lender to make arrangements for settlement.
We make sure that everything you’ve promised under the contract is delivered. We prepare all of the forms, make statutory enquiries, attend to stamping – everything needed for you to be fully compliant with the processes, and protected for your investment.


Step 4: Settlement

After the contracts have been exchanged, and the conveyancing process has been performed satisfactorily, fulfilling your obligation under the contract to deliver the transfer of the property, we then need to prepare for ‘settlement’, which usually occurs 4-6 weeks after exchange.
If you have a mortgage on the property, we need to advise the discharging mortgagee that you have sold the property, and clear payout. We will also organise for you to sign the ‘Transfer’ (the document that passes ownership of the property from seller to the buyer).
Closer to the settlement date, the buyer’s conveyancing representative will send through settlement figures for us to check and we will obtain a payout figure from the mortgagee. All rates and levies are adjusted as at the date of settlement and if any are unpaid, these will come out of the sale proceeds.
On the day of settlement, we will attend on your behalf. Your mortgagee will be paid out and we can bank any surplus funds directly into your bank account.

Selling your Home? Alliance Conveyancing can Help

Fees and Charges

● Before your property is listed, we prepare the Contract of Sale and obtain all relevant title searches that need to be attached. When ready, we provide you and your real estate agent with a copy.

Once we know what is required for your conveyancing, we can advise you the professional fee and let you know about any other disbursements that you can expect along the way.
But in almost every standard conveyancing transaction, we’re willing and able to give you an "all up" fee quote. We regularly monitor the fees and charges of other mainstream conveyancers and conveyancing solicitors. We try hard always to be that little bit cheaper, and always that big bit better value.
Usually, therefore, we will provide you with a FIXED PRICE ALL-UP QUOTE*. Because of our experience, we are able to take a calculated risk on what will need to be outlaid in searches and enquiries for your property. We make an allowance, and will absorb any extra costs that might arise. We figure that this is a small risk, but better able to be carried by us than you.
Our fees are quoted exclusive of GST.

Whilst generally quoted by us as an all-up, fixed price, Conveyancing costs are comprised of two elements:


Professional Fees:
    This covers absolutely everything we do to manage your conveyancing, including:
  • Drafting the contract, including obtaining and annexing all disclosure certificates
  • Sending the contract to your Agent, and in due course, to the Purchaser’s conveyancing representative
    When you’ve found a buyer:
  • Negotiating with the purchaser’s solicitor for any amendments
  • We organise the Exchange of Contracts with the buyer’s conveyancer or solicitor.
  • Once exchanged, we advise your bank or credit provider (the ‘discharging mortgagee’) that you have sold the property.
  • Prior to settlement, we organise for you to sign the ‘Transfer’ (the document that passes ownership of the property from seller to the buyer).
  • Closer to the settlement date, we check through the final figures and obtain a payout figure from the mortgagee. We also check that you are up-to-date with all your rates and levies (e.g. council rates, water, strata fees).
  • We arrange and attend settlements with the buyers conveyancer and your financial institution
  • We account to you fully for all funds received, with full financial statements, and ensure that all funds are applied strictly according to your instructions.

Disbursements:
  • Title Search Fees
  • Extra search fees – for instance, to understand the precise terms and nature of dealings that might appear on the title to your property, including such as:
  • Any easements or restrictions upon use of the property, registered on title;
  • Any Caveats or claimed third party interests,
  • Any mortgages
  • Strata schemes, Community interest schemes, or the like
  • Registered Leases
  • Judgments, debt claims, etc
  • Statutory Authority interests – rates claims, resumption claims, etc
  • Council Zoning Certificates,
  • Rates Certificates – Council, Water, Land Tax, etc.
  • Government Authority Certificates

You are obliged under law to make certain disclosure regarding any incidents affecting your property. Normally these can be confined to the normal copy title search, zoning disclosure, and possibly rates. It would be usual for us to include a clause in your contract to the effect that the vendor does not make any warranty regarding defects, and that the property is sold as is, all risk being with the Purchaser.

  • Disbursements that might be extra, according to whether you agree and ask us to obtain them, include enquiries like:
  • Bank fees
  • Registration Fees
  • Mortgagee consent fees
  • Rate Adjustments

We normally arrange to pay for these on your behalf, with you reimbursing us. Otherwise, they will be adjusted as part of the final adjusted sale price calculations.
To the greatest extent predictable, we will always inform you what the total amount of these extra fees is likely to be, once we have discussed with you, and agreed, what additional investigations you want us to undertake.

Contact Alliance Conveyancing Today


20 Wallis Street, FORSTER NSW 2428

1/228 Victoria St TAREE 2430

1/403 Peel St TAMWORTH 2340

6/36 Wingewarra St DUBBO 2830
Phone:
1300 744 484 (1300 RIGHT 4 U)

Email:
enquiries@allianceconveyancing.com.au
Buying?  Selling?  
Contact Us:
enquiries@allianceconveyancing.com.au

locations

Our Locations:

20 Wallis St
FORSTER 2428

1/228 Victoria St
TAREE 2430

1/403 Peel St
TAMWORTH 2340

6/36 Wingewarra St
DUBBO 2830