Purchaser FAQs

When should I call my Conveyancer?

Millard Conveyancing recommends making an appointment as soon as you’ve found the property you’d like to purchase. The sooner we can review the contract the sooner we can advise any amendments or special conditions you should consider.

I’ve called Millard Conveyancing, what happens next?

After you meet your friendly conveyancer, we’ll talk about your plans, advise on insurance cover then get you to sign a letter to engage Millard Conveyancing’s services. We will explain your rights and obligations, for example, how the cooling-off period works and how to be ready at auction. Then we take care of the hard work!

In summary… we’ll start by making sure that the contract, Form 1 statement and other accompanying documents are correct, obtain and check all relevant government searches and deal with any encumbrances registered on the Certificate of Title. We’ll prepare the paperwork including the  Memorandum of Transfer and cover off the many other steps that lead to us attending settlement on your behalf and the best bit of all… receiving the keys to your new home!

What services are available to the purchaser of a property?

  • Settlement for Purchase of Residential and Commercial properties
  • Family Transfers
  • Private Mortgages
  • Caveats
  • Preparation of Private Contracts
  • Land Divisions

What can you expect from your Conveyancer when you are the Purchaser?

Millard Conveyancing will make it easy. We will be with you every step of the purchasing process, offering advice and assistance on all conveyancing matters including:

  • Your legal obligations including insurance responsibilities
  • Any special conditions or “subject to” clauses in the contract
  • Your rights to withdraw from the purchase
  • Circumstances in which a party can avoid settlement
  • Calculation of rates and taxes and preparation of adjustment and settlement statements
  • Liaising with your financial institution and/or your finance broker
  • Ensuring the Vendor has paid all outstanding property accounts
  • Change of ownership notifications

List more specific Conveyancing services for a Purchaser

  • Taking initial instructions, creating the file and advising the Purchaser to take out insurance cover immediately
  • Forward a Letter of Engagement to the client to sign and return
  • Carefully peruse the Contract, Form 1 Statement and any other ancillary documents
  • Ensure the Purchaser is getting the correct property – i.e. client signed plan for land or community/strata property
  • Obtain Statutory Government Searches and check them against the Form 1 Statement
  • Confirm if the property will be owner occupier or an investment property and if the Purchaser is a First Home Buyer
  • Consider if the Purchaser needs GST or other Tax, legal or professional advice and obtain instructions
  • Diarise special condition dates and the settlement date
  • Ascertain the manner in which the Purchaser wishes to hold the property
  • Ensure all dates within the contract are complied with by the relevant parties
  • If there are any Encumbrances registered on the Certificate of Title, ensure they are dealt with appropriately
  • Confirm finance details with the Purchaser’s Lender
  • Prepare the Memorandum of Transfer and any other necessary documents
  • Forward a copy of the Memorandum of Transfer to the Lender
  • Forward the signed Memorandum of Transfer to the Vendor’s representative for the Vendor to execute and return
  • Complete the Statutory Verification of Identification for all registered proprietors
  • Receive the adjustment statement from the Vendor’s representative
  • Prepare the Purchaser’s settlement statement and request any balance funds from the Purchaser
  • Order the SA Water Special Meter Reading Certificate, calculate water use and ensure the Vendor’s representative makes the payment to SA Water
  • Receive cheque directions from the Vendor’s representative and advise the Lender of the cheques required at settlement
  • Book Settlement with the Vendor’s representative and the incoming Lender
  • Stamp and certify the Memorandum of Transfer
  • Drawn any cheques required for settlement from the trust account
  • Check search the Certificate of Title the day prior and immediately before settlement
  • Attend and complete settlement at the Lands Titles Office
  • Advise all parties of the completion of settlement
  • Send settlement confirmation letter to the Purchaser
  • Send change of ownership letters to all rating authorities
  • Finalise trust account journal entries and reconcile

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