At JP & Associates, we have experienced and qualified staff on your side who place your interests first.
Transactions creating and/or transferring interests in land are generally known as Conveyancing. Conveyancing involves the preparation of documents and investigating title.
The contract between the vendor and the purchaser is the primary document setting out the obligations of the parties.
Each transaction is unique.
We are experienced in buying and selling residential or commercial real estate (houses, home units, industrial units, offices, shops, villas, townhouses, factories, warehouses e.t.c.) at auctions or private sale including:
- off the plan properties
- investment properties
- old system, qualified and limited title properties
- strata and community title properties
- Retirement Village Contracts
- Option Contracts
Whether you are buying or selling, you can expect JP & Associates to guide and assist you through each step and meet all of your conveyancing needs
If you are selling:
- At the outset, provide you with details of a FIXED AMOUNT for fees and disbursements;
- Prepare your contract for sale, including drafting special conditions unique to your sale;
- Carry out all of the necessary searches to be included in the contract in order to satisfy your disclosure obligations required by law;
- Submit your contract to your real estate agent within 24 hours of receiving your instructions;
- Provide a copy of the contract for sale to you including advice IN WRITING in relation to the contract;
- Liaise with your real estate agent and promptly reply to requests for information and amendments to the contract for sale by the purchaser in order to effect a quick Exchange of the contract;
- Following Exchange if Strata ordering on your behalf Section 109 Certificate and serving it on the Purchaser’s Rep as per the terms of the contract.
- Arrange with your bank the discharge of your mortgage and liaise with them to ensure that they provide details of the payout amount in time for Settlement;
- Obtain your instructions in relation to replies to Requisitions on Title which the purchaser will serve during the course of the transaction;
- Book with the Purchaser’s Rep and with your bank or financier the date, venue and time for Settlement;
- Promptly notify you of the date, venue and time for Settlement;
- Check Adjusted Figures submitted by the Purchaser’s Rep.
- Advise you of the final amount owing to you and obtain your instructions on details of the cheques you require the purchaser to give at Settlement which total the final amount;
- Promptly advise you that Settlement has occurred;
- Arrange with you how you wish any cheques collected for you at Settlement to be given to you, including depositing such cheques into your nominated account within 24 hours of Settlement or collecting them in person from us.
- Carry out Post Work within 24 hours of Settlement including reporting IN WRITING to you details of the Settlement and include for your records important documents.
If you are Buying:
- At the outset, provide you with details of a FIXED AMOUNT for fees and disbursements;
- Advise you as to whether or not to Exchange the contract with a Cooling Off period;
- Advise you IN WRITING in relation to important terms and conditions and your obligations under the contract for sale including details of Stamp Duty payable;
- Request on your behalf information and amendments to the contract for sale from the Vendor’s Rep and obtain replies thereto;
- Assist you in obtaining Inspection Reports relevant to your purchase prior to Exchange or during the Cooling Off period;
- Assist you in obtaining the vendor’s approval if paying the deposit by deposit bond or guarantee;
- Liaise with your bank or financier in relation to providing ⦁ Unconditional Loan Approval in Writing prior to ⦁ Exchange or during the ⦁ Cooling Off period;
- Advise you of your eligibility to applying under any ⦁ Government Home Benefit Scheme;
- Confirm IN WRITING that ⦁ Exchange has been effected and of the completion date.
- Carry out Statutory Searches of the relevant public authorities as instructed by you following Exchange of the contract;
- Complete and submit any Government Home Benefit Scheme application on your behalf;
- Liaise with your bank or financier during the course of the transaction to ensure that they will have your loan funds available in time for Settlement;
- Assist you in satisfying bank or financier requirements including advising you in relation to your loan and mortgage documents and completing and returning same to your bank or financier;
- Complete and lodge a Purchaser’s Caveat on your behalf if you so require;
- Serve Requisitions on Title to the Vendor’s Rep as per the terms of the contract;
- Promptly attend to stamping of the contract and Transfer and submit the Transfer to the Vendor’s Rep within the time stipulated in the contract;
- If Strata submit the requisite Section 118 Notice to the Vendor’s Rep.
- Report to you IN WRITING the results of Statutory Searches;
- Book with the Vendor’s Rep and with your bank or financier the date, venue and time for Settlement;
- Promptly notify you of the date, time and venue for Settlement;
- Prepare and submit Adjusted Figures to the Vendor’s Rep.
- Promptly advise you of the final amount owed by you on Settlement and details of cheques required for Settlement.
- Promptly, subject to your instructions, provide details of the cheque(s) required for Settlement to your bank or financier and, if there is a shortfall, provide details of the cheque(s) required from you prior to Settlement.
- Promptly advise you that Settlement has occurred;
- Carry out Post Work within 24 hours of Settlement including reporting IN WRITING to you details of the Settlement and include for your records important documents.
For more information please see our Conveyancing Timeline which has been developed by JP & Associates as an outline of the general process of buying and selling “Torrens” (including “strata”) title residential and commercial land in NSW, being the most common type of conveyancing in NSW.