Other than the contracts that the conveyancers need to prepare, they also verify the following job responsibilities:
First Home Buyer Government Assistance Grant
This is applicable for investors who are purchasing the property for the first time. Even if you are building the first home, or purchasing a vacant block of land, one will be eligible for the First Home New Home Scheme. One should always consult with a licensed conveyancer or the Office of State Revenue to confirm whether there is a specific grants that one can be qualified for.
Finance
This must be organized before commitment to the purchase contract is made. The contract is legally bound with the financial approval. Once somebody signs the contract, one is legally bound to fall through regardless of whether one has the necessary finance or not. If someone is unable to purchase the stand, one may lose the deposit stated in the contract and can also be sued for the loss.
Joint ownership
The title of the property is held in two ways:
Joint tenants: This is where joint owners are considered a part of one entity and death of any one of them will automatically pass on the name to the remaining members.
Tenants in common: This is when each owner will have a specific share in the property. The death of the owner shall pass the name to the one nominated to inherit it.
Final Inspection
The purchaser can always ask for a final inspection of the property prior to the settlement. This will ensure that the property is in the same condition when first seen.
Settlement
This is the day when all the transactions are completed. Money is exchanged and the title deeds are finalized.
The conveyancer will decide on all the documents. They usually have the professional expertise to ensure that all documentations are complete.
First Home Buyer Government Assistance Grant
This is applicable for investors who are purchasing the property for the first time. Even if you are building the first home, or purchasing a vacant block of land, one will be eligible for the First Home New Home Scheme. One should always consult with a licensed conveyancer or the Office of State Revenue to confirm whether there is a specific grants that one can be qualified for.
Finance
This must be organized before commitment to the purchase contract is made. The contract is legally bound with the financial approval. Once somebody signs the contract, one is legally bound to fall through regardless of whether one has the necessary finance or not. If someone is unable to purchase the stand, one may lose the deposit stated in the contract and can also be sued for the loss.
Joint ownership
The title of the property is held in two ways:
Joint tenants: This is where joint owners are considered a part of one entity and death of any one of them will automatically pass on the name to the remaining members.
Tenants in common: This is when each owner will have a specific share in the property. The death of the owner shall pass the name to the one nominated to inherit it.
Final Inspection
The purchaser can always ask for a final inspection of the property prior to the settlement. This will ensure that the property is in the same condition when first seen.
Settlement
This is the day when all the transactions are completed. Money is exchanged and the title deeds are finalized.
The conveyancer will decide on all the documents. They usually have the professional expertise to ensure that all documentations are complete.