Central Coast consumers have a choice of conveyancing solutions

Posted on 26 May 2010

Linda Gulliver
Branch Manager/Licensed Conveyancer
EAST COAST CONVEYANCING
Ph 02 4365 0624
Email lindagulliver@eastcoastconveyancing.com.au
Web www.eastcoastconveyancing.com.au

ARE YOU BUYING OR SELLING PROPERTY ON THE CENTRAL COAST?


As a consumer you have a choice of either using a solicitor, a licensed conveyancer or going with a DIY Kit approach.

The Conveyancing profession on the Central Coast is very competitive. When choosing a CPC you need to ensure that you are getting: good value for money in relation to the costs; personalised service; and clear communications between all parties.

Licensed conveyancers are covered by Indemnity and Fidelity Insurance which protects the consumer every step of the way. Licensed Conveyancers are becoming the popular choice as they are specialists in property law. They are required to complete a university course on conveyancing law and practice. Licensed conveyancers are CPC accredited. This means that they are Certified Practising Conveyancers who have completed the educational and practical training requirements to hold a conveyancer’s licence and are a member of the Australian Institute of Conveyancers NSW Division (AIC). The rules and codes of conduct of the AIC apply to all CPC members. They are licensed by the Department of Fair Trading and regulated under the Conveyancers Licensing Act 2003.

Why should you use a licensed conveyancer? They specialise in property law – this is the area of law which they know and understand. Most solicitors are general practitioners and try to be all things to all people. They are tied up in court with litigation, family law, probate and other areas of law. Licensed conveyancers have only one area of law – property law. They are required to attend regular educational seminars to up-date their skills and keep abreast of changes in procedures, legislation and case law which affect property laws.

General misconceptions about conveyancers are that they all the same – this is not the case – like all industries and professions – there are good and bad operators. Ask plenty of questions before giving instructions to ensure that you are comfortable with your conveyancer and trust their knowledge and expertise. Another misconception is that conveyancers can only do easy residential transactions. This is incorrect – they specialise in all areas of property law including complex areas such as: commercial transactions ie sale and purchase of businesses and commercial leases, off the plan sale and purchase of land such as work for developers involving subdivisions, sale and purchase of rural properties, lease agreements for retirement homes, just to mention a few.

Licensed conveyancers have been accredited in NSW since 1992. They are a rapidly expanding profession and are fast becoming the first choice when buying or selling property. There are currently approximately 900 licensed conveyancers in NSW.

The Central Coast is a dynamic and unique property area. One of the fastest growing regions in NSW there is a variety of residential, rural and commercial properties currently on the market. Why not consider a licensed conveyancer when you next buy or sell!

The Process – what is involved in Conveyancing?

Buying a Property


We realise that you may be buying a house or property for the first time, or it may have been a long time ago that you bought or sold property. There are three stages to buying a house or property – and your licensed conveyancer takes care of it all for you.

If you an experienced buyer or seller of property – you too will appreciate the ease with which your matter is handled and the efficient processes that take place during a conveyance.

Before exchange

The land or house buying process begins well before contracts are exchanged.

Your first contact should be your financial adviser, broker or banker to ensure that pre-approval for purchase monies is obtained. Obtaining pre-approval for your loan will speed up the process and when you eventually find your dream home or property, you will be well on your way to unconditional loan approval.

Next step is going to a real estate agent and looking at a variety of properties. The agent will assist with the negotiations with the seller and a price will be agreed between the parties.

Find a licensed conveyancer who is competitive in price and has lots of Conveyancing experience.

At this point, the agent may attend to exchange of contracts. Benefits of exchanging with a cooling off period are: 1) the property is now off the market for the cooling off period; and 2) the vendor is locked into selling the property to you and can’t sell it to anyone else at this point in time.

Checklist for Exchange [what has to be in order before you are locked into the contract]
1 satisfactory pest report
2 satisfactory building report [you want to know what you are buying]
3 unconditional loan approval [preferably in writing]
4 deposit paid to agent
5 terms of the contract settled – they need to be as favourable to the purchaser as possible
When the above points 1-5 are in order – the cooling off period can expire and the purchaser is then bound by the contract and the matter proceeds to settlement.

After exchange and before settlement

Ok, you’re well on your way now to buying a house or property!

Your conveyancer will:
- Ensure that a valid exchange of contracts has taken place
- Read the contract thoroughly and advise you what it all means in simple plain English
- Liaise with the agent and vendor’s conveyancer regarding important dates such as when the cooling off period expires and when completion is due to take place
- Organise pest, building, and if required strata reports
- Check that your lender is aware of the exchange and chase them up for unconditional loan approval prior to expiration of the cooling off period. If loan approval is not through your conveyancer will ask for an extension.
- Prepare all necessary documents, order searches and make sure that settlement progresses smoothly

Settlement

Well before the settlement date your conveyancer will check that the bank is ready to provide purchase funds.

Settlement figures will be prepared and checked. It is important that charges which run with the land such as council and water rates and land tax are paid on settlement. Otherwise, these outstanding fees will become the purchasers responsibility.

Settlement will be booked with your bank and the you will notified of the time that settlement will take place.

We’ll remind you to do a final inspection of the property to make sure that everything is in order.

Your conveyancer will attend settlement taking along any additional cheques which you will provide (for funds not covered by the mortgage) and liaise with your Bank and the seller’s conveyancer. We’ll ring to advise that settlement has taken place – you can now pick up the keys and move into your new home.

What do you have to do!

1 Give notice, if required, on your current leased property. Ensure that this coincides with your proposed settlement date.
2 Pack your clothes and belongings.
3 Arrange your moving day – you might need time off work and a removalist or just some friends and a big truck.
4 Organise the connection of electricity, telephone, gas and other services.

Selling a property


This is like the reverse.  Just like a purchase there are three stages to a sale:

Before exchange

You need to go to your conveyancer to instruct for a marketing contract to be prepared.  The agent needs this before they can market your property.

Next step is deciding which agent to list with.  You can list with several if you choose but usually an exclusive agency agreement is a good option.  Your conveyancer can advise in relation to the fine print in Agency Agreements, if required.

When the agent finds a purchaser and the parties agree on the sale price – a Sales Advice will issue to your conveyancer or your agent may do an exchange of contracts with a cooling off period.  Or your conveyancer will issue a contract to the purchaser’s conveyancer.

After exchange and before settlement

Similar to our purchase above, your conveyancer will check that the exchange is valid and advise of important dates, like when the cooling off expires and the date that settlement is scheduled to take place.

Next step is organising a discharge of your mortgage with your lender.

Prepare all necessary documents and liaise with all parties to ensure that the matter is on track and progressing towards settlement.

Settlement

Your bank will be paid out monies owing on your mortgage and in return title documents will be handed over at settlement.  Any surplus monies are paid to you.

What do you need to do!

  1. Sign all necessary documents.  These may include an Agency Agreement, Contract for Sale of Land, Discharge of Mortgage Request and Transfer.
  2. Give us instructions from time to time
  3. Pack up the house contents and arrange for your move
  4. Organise the disconnection of electricity, telephone, gas and other services after settlement and connection at your new place.

Hey – how easy was that!!!

Your conveyancer can also assist with non contract transfers – often between family members, refinancing between financial institutions and of course commercial transactions such as sale and purchase of business and leases.

10,199 Responses to “Central Coast consumers have a choice of conveyancing solutions”

  1. When someone writes an article he/she retains the thought of a user
    in his/her brain that how a user can be aware of it. So that’s why this paragraph is great.
    Thanks!

    Feel free to surf to my blog post – http://nursingclogs.com/__media__/js/netsoltrademark.php?d=rapidactionprofits.com%2Fforum%2Findex.php%3Faction%3Dprofile%3Bu%3D106647

  2. Hi there! Do you use Twitter? I’d like to follow you if that would be
    ok. I’m undoubtedly enjoying your blog and look forward to
    new updates.

  3. Искали информацию про биржи ссылок что это такое или возможно
    про биржи ссылок список и биржа контекстных
    ссылок? Тогда Вы попали на тот сайт,
    где найдете тольк опро биржи ссылок серч, а также про купить ссылки яндекс и про биржи вечных ссылок обзор.

    Больше информации на seosecretservice.top

  4. conferencing says:

    They are really convincing and can definitely work.

  5. haghsetan says:

    Definitely believe that which you stated. Your favorite reason appeared to be on the net the simplest thing
    to be aware of. I say to you, I certainly get irked while
    people consider worries that they just do not know about.
    You managed to hit the nail upon the top and also defined out
    the whole thing without having side effect , people could take a signal.
    Will likely be back to get more. Thanks

  6. I’ve been browsing online more than 3 hours today, yet I
    never found any interesting article like yours.
    It’s pretty worth enough for me. In my view, if all site owners and bloggers made good content as you did, the internet will be much more useful than ever before. https://elliottcshw25814.prublogger.com/2960007/%D8%AE%D8%AF%D9%85%D8%A7%D8%AA-%D8%B3%D9%8A%D9%88

  7. This is very fascinating, You are an overly professional blogger.
    I’ve joined your feed and look ahead to searching for extra of your magnificent post.
    Also, I’ve shared your website in my social networks https://traviskjcs04737.rimmablog.com/2977871/seo

  8. Free V BUCKS says:

    Wonderful goods from you, man. I have keep in mind your
    stuff prior to and you are just too fantastic. I really like what you’ve got here, certainly
    like what you are saying and the best way in which you are saying it.
    You’re making it entertaining and you continue to
    take care of to stay it smart. I cant wait to learn much more from you.

    This is actually a wonderful website.
    http://www.referendum-tunisie.org/

  9. Pretty! This has been an incredibly wonderful article. Thanks for supplying this info.

  10. smap says:

    We are a group of volunteers and opening a new scheme in our community.
    Your web site provided us with valuable info to work on. You have
    done an impressive job and our entire community will be thankful to you.

  11. Thank you for the good writeup. It in fact used to be a
    amusement account it. Look complicated to far introduced agreeable from you!

    However, how could we keep up a correspondence?

  12. When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get several e-mails with the same
    comment. Is there any way you can remove me from that
    service? Many thanks!

  13. goldenslot says:

    ส่องความน่ารักน่าชัง น้องปลาวาฬ ลูกชายคนที่ 2 ของกระต่าย แม็กซิม https://www.goldenslot.net/

  14. What’s up to all, as I am in fact eager of reading this webpage’s post to be updated regularly.
    It includes good material.

  15. Finley says:

    I think the admin of this site is in faxt working hard in support of his web page, for the reason that hdre every stuff iis qualityy based material.

    Feell free to surf to my webpage; chinese takeaway delivery gloucester
    (Finley)

  16. My partner and I absolutely love your blog
    and find almost all of your post’s to be precisely what
    I’m looking for. Does one offer guest writers to write content for you
    personally? I wouldn’t mind composing a post or elaborating
    on some of the subjects you write about here. Again, awesome
    web site!

  17. I think that is one of the so much important info for me.

    And i am glad studying your article. However should remark on some normal things, The site taste is ideal,
    the articles is in reality nice : D. Good job, cheers http://cashrixn81581.blog4youth.com/3324213/%D8%AE%D8%AF%D9%85%D8%A7%D8%AA-%D8%B3%D9%8A%D9%88

  18. Yesterday, while I was at work, my cousin stole my
    apple ipad and tested to see if it can survive a 40 foot drop,
    just so she can be a youtube sensation. My apple ipad is now destroyed and she
    has 83 views. I know this is entirely off topic but I had to share
    it with someone! http://tysonneti69369.blogrenanda.com/4311722/%D8%B3%D9%8A%D9%88

  19. I’ll immediately take hold of your rss as I can not
    find your email subscription hyperlink or newsletter service.
    Do you have any? Kindly let me realize in order that I may subscribe.
    Thanks.

  20. 먹튀검증 says:

    I do not know whether it’s just me or if everybody else encountering issues with your website.
    It seems like some of the text on your posts are running off
    the screen. Can someone else please comment and let me know if this
    is happening to them too? This might be a issue with my internet browser because I’ve had this happen before.
    Cheers

  21. web site says:

    Appreciating the hard work you put into your website and in depth information you offer.
    It’s awesome to come acrtoss a blog eveery once in a while that isn’t the same old rehashed material.
    Wonderful read! I’ve saved your site and I’m including your RSS feeds to my Google account.

    web site

  22. سيو seo says:

    Thanks for one’s marvelous posting! I truly enjoyed reading
    it, you might be a great author. I will make sure to bookmark your blog and will eventually come back very soon. I want to encourage continue your great
    job, have a nice afternoon! http://trentonwlbp03692.affiliatblogger.com/49817022/

  23. apnews.com says:

    Hi it’s me, I am also visiting this site on a regular basis,
    this web site is in fact nice and the viewers are genuinely sharing good thoughts.

  24. I like the helpful information you provide in your articles.
    I’ll bookmark your blog and check again here frequently.

    I’m quite certain I will learn plenty of new
    stuff right here! Good luck for the next! http://fernandosjao92692.blogofchange.com/3808686/%D8%AE%D8%AF%D9%85%D8%A7%D8%AA-seo

  25. excellent points altogether, you simply won a new reader.
    What may you recommend in regards to your post that you just made a few days in the past?

    Any positive?

  26. www says:

    I don’t even know the way I ended up here, but I assumed this put up used to be great.
    I do not realize who you are however certainly you’re going to a famous blogger
    if you happen to are not already. Cheers!

    my homepage – www

  27. Quality content is the main to invite the people to go
    to see the site, that’s what this web site is providing. http://cruzzfup15063.kylieblog.com/3364030/%D8%AE%D8%AF%D9%85%D8%A7%D8%AA-seo

  28. 0mniartist says:

    Neat blog! Is your theme custom made or did you
    download it from somewhere? A design like yours with a few simple adjustements would really make my
    blog shine. Please let me know where you got your theme. Thanks a lot 0mniartist asmr

  29. I believe what you said made a ton of sense. However, consider this,
    what if you added a little content? I am not suggesting your
    information isn’t good., however suppose you added a post title
    that makes people want more? I mean Central Coast consumers have a choice of conveyancing
    solutions « Finance And Legal « Central Coast
    Real Estate Report is kinda vanilla. You ought to glance at
    Yahoo’s home page and note how they create post headlines to grab people to
    click. You might try adding a video or a related picture or two
    to grab people excited about everything’ve written. Just my opinion, it could bring your website a little livelier.

    Here is my website … http://ihatelaurelcarmax.com/

  30. This post presents clear idea in support of the new people of blogging, that in fact how to do running a blog. http://juliuscfdh15059.blogoscience.com/4208438/%D8%B3%D9%8A%D9%88

  31. CorinneGom says:

    cvs viagra buy generic 100mg viagra online sildenafil 100mg price

  32. Your means of describing the whole thing
    in this post is actually nice, every one can without difficulty understand it, Thanks a lot. http://erickjzod47147.ka-blogs.com/52526537/

  33. CorinneGom says:

    will 10 year old viagra work best place to buy viagra online sildenafil viagra

  34. SEO agency says:

    Thanks for sharing such a fastidious idea, post is nice, thats why i have read
    it fully https://deancshx25925.activablog.com/2967097/%D8%AE%D8%AF%D9%85%D8%A7%D8%AA-%D8%B3%D9%8A%D9%88

  35. Jacqueline says:

    Can you tell us more about this? I’d like to find out some additional information.

  36. CorinneGom says:

    viagra walgreens women viagra sildenafil cost

  37. CorinneGom says:

    online viagra over the counter viagra over the counter viagra substitute walgreens

  38. Fantastic web site. Plenty of helpful info here.
    I’m sending it to some buddies ans also sharing in delicious.
    And obviously, thank you to your effort!

  39. Tribe engine says:

    Thanks for the auspicious writeup. It in reality was
    once a enjoyment account it. Look complex to far
    introduced agreeable from you! However, how can we keep up a correspondence?

  40. What i do not realize is in reality how you are not actually much more neatly-appreciated than you may be right now.
    You’re so intelligent. You realize thus considerably on the subject of this subject,
    produced me individually imagine it from so many varied angles.
    Its like women and men are not involved except it is one thing to do with Woman gaga!
    Your own stuffs outstanding. Always deal with it up!

  41. www says:

    Write more, thats all I have to say. Literally, it
    seems as though you relied on the video to make your point.
    You clearly know what youre talking about, why
    waste your intelligence on just posting videos to your blog
    when you could be giving us something informative to read?

    My site; www

  42. I read this piece of writing completely concerning the difference of latest
    and earlier technologies, it’s remarkable article.

    Check out my website – บิทคอย

  43. Undeniably believe that which you said. Your favorite justification seemed to be on the
    web the simplest thing to be aware of. I say to you, I certainly get irked while people consider worries that they plainly do not
    know about. You managed to hit the nail upon the top as
    well as defined out the whole thing without having side effect ,
    people could take a signal. Will likely be back to get more.
    Thanks

  44. Hello, after reading this remarkable paragraph i am too delighted to share my experience here with friends. https://archerxoes04703.blogsvirals.com/2963402/%D8%AE%D8%AF%D9%85%D8%A7%D8%AA-%D8%B3%D9%8A%D9%88

  45. CorinneGom says:

    sildenafil citrate 100mg viagra over the counter natural viagra

  46. CorinneGom says:

    sildenafil 20 mg price of viagra generic viagra online

  47. Poker idn says:

    I’ve read some good stuff here. Certainly value bookmarking for revisiting.
    I surprise how a lot effort you place to create this kind of excellent informative website.

  48. lampung says:

    Hi there! Someone in my Myspace group shared this site with us so I came to
    look it over. I’m definitely enjoying the information. I’m bookmarking and will be tweeting this
    to my followers! Wonderful blog and amazing design.

  49. Casino site says:

    Aw, this was an extremely nice post. Spending some time and actual effort to make
    a very good article… but what can I say… I put things off
    a whole lot and don’t seem to get anything done.


Leave a Reply

WordPress SEO fine-tune by Meta SEO Pack from Poradnik Webmastera