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02 4040 0540

3/74 Park Avenue, Kotara  NSW  2289

Welcome

A Newcastle Conveyancing firm with more than 30 years’ experience, Julie Fox and team will work with you to protect your legal rights and gain peace of mind.

We communicate in plain-English and understand the importance of moving quickly, especially when purchasing property and auctions are involved. We provide quick turnaround, so you don’t have to miss out on the property you want.

Buying or selling property is a significant and often stressful financial decision. While many conveyancing transactions are straightforward, difficulties can arise and mistakes can be costly and have long-term consequences.

We can help you with:

  • Buying or selling
  • Residential, commercial and strata
  • Rural and vacant land
  • Auctions
  • Off the plan property
  • First home buyers

We serve clients throughout New South Wales including Newcastle, Lake Macquarie and the Hunter Valley.

Feel free to contact us today for your award winning, professional Newcastle Conveyancing solution.

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What is Conveyancing?

lake macquarie conveyancingConveyancing is the area of property law that deals with the transfer of real estate between sellers and buyers.

Although it seems quite straightforward, property law can be quite complex and conveyancing has to consider issues such as contract terms and conditions, mortgages, covenants, easements, caveats, the type of property title, the type of tenancy, local council regulations and zoning to name just a few.

What are the steps in the conveyancing process?

  1. Generally the process begins with the drawing up of a Contract for Sale. The Contract will include things such as:
    1. the street address and legal property title details
    2. the length of time between signing and completion of the contract
    3. what’s included or specifically excluded from the sale
    4. special conditions specific to this particular property
  2. The purchaser needs to get legal advice, review the contract, arrange inspections and start making loan arrangements before anything is signed.
  3. The contract is signed by both parties, and may be immediately binding, depending on the circumstances of the sale. You may however, have a cooling off period available, or be able to withdraw from the contract under certain conditions, so it’s important that you know the exact terms and conditions written into the contract
  4. There is a set length of time between the contract becoming binding and the contract being settled or completed. In this time the purchaser of the property has a lot to do including conducting various checks on the property, paying stamp duty, organising insurance and getting any loan arrangements in order, and the seller of the property should be making arrangements with their bank to have any mortgage discharged as well as making plans to move.
  5. Before settlement, adjustments to the purchase price are agreed upon between the parties to cover council and water rates as well as other costs which may be allowed for in the contract.
  6. On the day of settlement everything has to be in place. The purchaser or the incoming mortgagee has to show up with the funds, and the seller or outgoing mortgagee has to turn up with the property title and the document/s needed to release the mortgage. Everything is handed over including the keys and the property is considered settled.
  7. After settlement the new owner needs to be registered as the owner on the title, and various government bodies need to be informed of the change in ownership.

As buying property is one of the biggest financial decisions you will make it’s important that you get expert advice. Legal expertise and diligence is well worth the cost.

Contact us to find out more or to arrange a consultation.

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Members

Fox Stevens pexa member

Members

Fox Stevens pexa member

Our Advantages

  • Professional approachable team
  • Licensed Conveyancers and Justices of the Peace
  • Protect your interests during the conveyancing process
  • Offer you an efficient service by using the latest cloud based conveyancing technology and e-conveyancing tools such as PEXA electronic settlements and the SettleMe app.

Fox Stevens Conveyancing Pty Ltd

3/74 Park Avenue, Kotara  NSW  2289
PO Box 288, Charlestown, NSW, 2290
DX12603 Charlestown

T: 02 4040 0540
F: 02 4017 2432
E: Julie@foxstevens.com.au

ABN 46 604 453 189 | Lic No: 05004268
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