What are Quick Convey’s operating hours?
Mon-Fri 9am-5pm and Sat 10am-4pm (excluding public holidays)
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Why should I use Quick Convey?
Do-it-yourself conveyancing is complicated and risky. Let a professional take care of the work for you. We are quick and reliable and can get the job done.
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Why pay a holding deposit?
A vendor's agent will usually take a property "off the market" for a short time if you pay a holding deposit. However, this deposit doesn't automatically bind the seller to a contract for sale, and the agent will return the deposit to the buyer if the sale doesn't go ahead.
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How much is the contract deposit?
Usually the deposit is 10% of the purchase price.
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When does the buyer pay the contract deposit?
The buyer pays the deposit on exchange of the contract for sale.
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How does the buyer pay the contract deposit?
Normally by cheque.
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At what point in the conveyancing process does the sale become legally binding?
In a typical conveyance the buyer and seller enter into a legally binding agreement for the sale and purchase of property by exchanging contracts. The sale is legally binding when two identical copies of the contract for sale - one signed by the buyer and one signed by the seller - are exchanged. The buyer's solicitor/conveyancer keeps the copy signed by the seller and vice versa.
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When do I sign the contract for sale?
In a sale by private treaty the buyer and seller sign the contract for sale after the seller has accepted the buyer’s offer and both parties have agreed to the terms of the contract.
In a sale by auction the contract for sale is signed by the winning bidder immediately after the auction.
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I have just signed a contract and paid the agent a 10% deposit. What happens to the deposit?
Real estate agents usually hold the contract deposit in their trust account until it is paid to the seller when the contract settles. If the deposit is invested in an interest bearing account, you will usually get half of the interest earned on the deposit.
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What is private treaty?
This is when the seller accepts a private offer to buy the property rather than holding an auction.
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What is a section 66w certificate?
Some sellers won't allow the buyer to have a “cooling off” period, in which case a section 66w certificate must be completed. This certificate waives the buyer’s right to a 5 day “cooling off” period after exchange of the contract for sale. In most cases, this means the buyer must then complete the sale.
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What is a caveat?
A caveat is a warning which is registered on the title of a property so that prospective buyers can see that another buyer has an interest in it. Usually a caveat is registered after contracts are exchanged, so that everyone can tell that a buyer is purchasing the property. Interesting fact: caveat means "beware" in Latin.
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What is the first homeowners grant?
First homebuyers may be entitled to a government grant to assist in the purchase of their property. Please contact us to find out if you are eligible for this grant.
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Do first homeowners pay stamp duty?
First homeowners may not have to pay stamp duty if the price of their home is no more than $500,000. Further concessions are available for first homes priced between $500,000 and $600,000. Please contact us to find out what concessions may apply.
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When do I need to pay stamp duty?
Stamp duty is payable within 3 months of exchange or settlement. Or within 12 months of exchange or at settlement if you are buying off the plan.
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Do I need to attend settlement?
No, your solicitor/conveyancer will attend on your behalf.
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When can I collect the keys?
After settlement has taken place. Usually you collect the keys from the agent.
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