Buying or selling a property is a life-changing decision, so it’s important to ensure you engage the services of a qualified and experienced professional to protect your interests and reduce potential risk.
Shine Lawyers offers specialised advice and service to guide you through the Conveyancing process. Whether you are buying an investment or commercial property or selling the family home, engaging a professional conveyancer is vital. Our experienced team can provide advice in relation to your legal rights and obligations in order to facilitate a successful and stress-free transaction.
What is conveyancing?
Conveyancing is the process of transferring ownership (legal title) of property from one entity or individual to another.
Contract of sale
Once you have decided to buy or sell a property, you will need to enter into a ‘contract of sale’. A seller’s real estate agent or solicitor is normally responsible for preparing the contract and so it’s essential to obtain your own independent legal advice prior to signing any contract, this will ensure your rights and interests are protected.
Cooling off period (for buyers):
In Queensland, residential contracts are subject to a cooling off period of five business days. The cooling off period commences when the buyer or the buyer’s solicitor receives a fully signed and dated copy of the contract. If the contract is terminated during this period, a payment of .25% of the purchase price is payable by the buyer to the seller. Some exemptions apply. Our team can explain this further.
Finance, building & pest Inspections, special conditions
It’s common practice to have a contract subject to finance and/or building & pest inspections, but do you fully understand your rights and obligations under these provisions? Special conditions can also be included which vary the standard terms of contract. Every property transaction is unique and we can tailor the contract to your specific needs.
Our services include:
- Residential conveyancing
- Rural conveyancing
- Commercial conveyancing
- Community Titles Scheme Conveyancing
- Drafting and/or perusing contracts of sale
- Drafting and/or perusing special conditions and annexures
- Conducting searches (including interests or encumbrances lodged over the property)
- Liaising with other law firms, real estate agents, financiers & government departments
- Preparation of legal documentation
- Calculation, collection and payment of transfer duty
- Calculating settlement figures and adjustments of any rates/water usage/taxes, etc.
- In-house stamping for lodging with the Office of State Revenue
- Arranging and attending settlements
- Lodging land title documents
- Advising local authority of transfer post settlement