The Melbourne real estate market has tipped in favour of buyers, with stock levels above average and vendors accepting larger discounts. While this is great news for anyone thinking of buying a home within Melbourne and its surrounding suburbs, it also means more people will be requiring the services of a conveyancer. Keep reading to…
Selling your residential property is likely to be one of the most significant financial transactions you’ll ever make. The sale of a property is managed by conveyancing laws that can be overwhelming and complex for someone who has not had experience in dealing with them. Appointing a suitable professional at an early stage is important…
Buying off the plan means purchasing a property that has not yet been built. Consequently, the contract does not have a definite settlement date which can only be estimated at the time of entering it, with a range of contingencies likely to influence completion. A sunset date is a final date provided under the contract…
Anyone who sells land in Victoria is required to disclose certain information to the purchaser by providing a disclosure statement. This statement is commonly known as a “vendor’s statement” and must be provided to the purchaser before the purchaser signs a contract for sale. In October 2014 important changes were made to the information that…
Most people buy a home with a combination of their savings, proceeds from the sale of an existing home and a loan from a bank. Securing finance to purchase a property involves a number of steps and expenses. Below is an explanation of a typical mortgage. However, care should be taken to read and understand…
Right now in Victoria there are new incentives being offered for First Home Buyers to get into the property market or to simply help them get into their very own home and out of the rent trap. These grants and schemes present a great opportunity to secure bonuses, start with lower than normal deposits and…
Many couples separate on good terms, which is great. The breakdown of a relationship can be difficult, however putting differences aside to move forward can be beneficial, particularly where children are concerned. Ex-partners who remain on good terms may choose to make informal arrangements regarding the division of their property. However, the failure to legally…
Before we go ahead with explaining all about the process of conveyancing in Melbourne, let us first talk about conveyancing itself. Conveyancing refers to the sale of property or real estate from a vendor to a purchaser, it can also refer to the process whereby a mortgagor (Bank or Financial Institution) provides a mortgage to a…