Buying a House

Conveyancing For Buyers Darwin

Buying A House In Darwin & Surrounds

Buying a property is one of the most critical processes you will go through in your life. Whether you're an individual, couple or family, buying a home is a monumental life step. Jarrett Lawrie Conveyancing is so committed to offering outstanding assistance to clients in the Parap, Darwin and nearby regions.

Whether you are buying a small cottage or a huge mansion, you can rely on Jarrett Lawrie to help you throughout the process. From creating or adjusting the initial contract to signing the settlement, our conveyancers will ensure your best interests are looked after during every step.

Call 08 8981 4394

What Is Property Conveyancing?

In any kind of real estate transaction, whether you are the buyer or the seller, it is recommended that you enlist the services of a conveyancer because they are experts in the industry.

Your conveyancer is licenced and insured and has extensive knowledge and training in Conveyancing and all of the processes involved. Give us a call on 08 8981 4394 to speak to us.

What Does A Property Conveyancer Do?

Our conveyancer is not only there to ensure the entire transaction is carried out legally, they are also your advocate through the process. They will help you with information and advice from the initial stages when you are securing finance and through to the final contract signing, cooling-off period and settlement. They can perform a number of tasks for you including:

Liaising with lenders and mortgagees
Communicate your interests to the real estate agent or the vendor
Documentation preparation or clarification
Conduct a review of contract conditions
Obtaining information from government departments and local authorities
Certificates of title searches

Locate easements via Title searches and other pertinent information
Ensure you only pay for the property's costs up to settlement day by arranging financial adjustments
Providing advice on the contract's effect
Prepare a settlement statement
Attending settlements
Transfer ownership of property

Each document will be explained clearly by your conveyancer. To help you understand what you are signing, we use plain English, not legalese. In addition to complying with your legal obligations, your conveyancer will also protect your interests and rights as per your instructions.

Buying A House Conveyancing Process

1. Pre-Purchase

Before purchasing a property there are a few steps that must be outlined. The first step involves creating or tweaking the purchase contract. Some of our clients ask us to create a contract while others come to us with the outline for a contract. In both instances we do our best to craft or tweak the contract so that it's financially and legally correct and in your interests.

Our conveyancers also liaise with other professionals in the area to conduct inspections and create reports for the property. For instance, pest inspections, land inspections, home foundation reports and other checks must be done before a property is considered safe to purchase. If there is any indication of a problem with one or more of these reports we will help you decide how to proceed.

2. Contracts

Hand holding a paper — Buying a House in Parap, NT

With all the pre-purchase steps out of the way it's time to exchange contracts with the other party. There are two copies of the agreement, one going to the purchaser and the other to the seller. These contracts must be signed and dated before they are exchanged. As and when the contracts are signed and transferred, they become legally binding.

One of the unique aspects of Australian property law is the cooling off period that exists after the contract exchange. It consists of five working days and allows both parties a chance to decide if they want to proceed. If there are any last minute issues or hurdles present, Jarrett Lawrie Conveyancing will try to resolve them on your behalf. In most instances, a deposit of 0.25 per cent of the purchase price is required before the cooling off period. If you are buying a home for $100,000, you would have to put down $250. A cooling off period does not exist if you buy a property at an auction.

3. Settlement

After the cooling off period there are still a few weeks before a settlement is called. These weeks can be used to conduct additional inspections or put together the finances necessary to complete the deal. If everything is in order, Jarrett Lawrie Conveyancing will attend a settlement on your behalf.

At the settlement we sign the relevant paperwork, provide the relevant financial documents and secure your ownership of the property. When everything is complete the conveyancer handling your case will call to inform you that it's time to pick up your keys!

Key Reasons You Need A Conveyancer When Selling

Our conveyancing services are not just for buyers, we are here to support sellers through the process as well. Property conveyance is a highly affordable service for simple property transactions and is necessary for more complex settlements.

Dianne and Sue are part of the Australian Institute of Conveyancers NT and have professional indemnity insurance so you will be protected through the entire process. They are trained and qualified to handle any variable or unique circumstances that may arise and will help you finalise the sale of your property smoothly and without delay.

Call 08 8981 4394 or enquire online for further information.