Clients	\|	Agents

Buying

Step 1
I’ve found it! The search for your new home or investment property has finally come to an end. What happens now? Before you do anything else call Quick Convey on 1300 22 3000		Additional Info What is Conveyancing? Conveyancing is the legal process of transferring ownership of property from one person to another. Whether you're buying or selling property, QC can take the stress out of the conveyancing process for you.

Step 2
I want it! The agent may ask you to secure the property by paying them a small deposit, often around 0.25% of the purchase price of the property. At the same time, the vendor's solicitor should send us the contract for sale.		Additional Info Checklist: Have you received loan approval? Is your deposit ready? Ask us about what type of property inspection reports you may need to order.

Step 3
We read the fine print Quick Convey reviews the contract for sale as soon as it arrives. We check that all information is correct and fair, and we look out for any conditions that may negatively affect you or the property. We keep in touch with you very step of the way. Our review is thorough and our turnaround is quick!

Step 4

Negotiations

We negotiate the contract on your behalf. Negotiations can include time for settlement, deposit amount and inclusion of items in the sale (eg microwaves and curtains).

We work with you to achieve the best possible outcome.

Additional Info
Check if these common items are included in the sale

Dishwasher?
Dryer?
Stove?
Curtains?
Light fittings?

Step 5

Check your piggy bank

Everyone should have finance in place before deciding to buy a property. If you have not done so already, call your bank or your mortgage broker to let them know that you want to purchase a property, and discuss mortgage options with them.

Quick Convey can also help you understand your mortgage documents. Ask us how.

Additional Info

Are you a first home buyer?

The OSR offers up to date information regarding the first home owner’s grant and concessions on stamp duty.

Step 6

The big exchange

Once you are happy with the terms of the contract, you sign it and send it back to us with your deposit. We then take the copy of your contract and exchange it with a copy of the contract signed by the seller and pay the deposit to the agent.

Remember that once contracts are exchanged you have entered into a legally binding agreement.

Additional Info

You must pay stamp duty on the purchase of your property.

Duty is payable within 3 months of exchange or at settlement. Or within 12 months after exchange or at settlement if you are buying off the plan.

Step 7
Buyer beware We recommend that you register a caveat over the property to protect your interest. Usually a caveat is registered after contracts are exchanged so that everyone is aware that the property is in the process of being purchased.		Additional Info A caveat is a warning which is registered on the title of a property so that anyone can see your interest in the property. Interesting fact – caveat means "beware" in Latin.

Step 8
The waiting game The time between exchange and settlement is usually about 42 days or 6 weeks. During this time, not much happens at your end. But behind the scenes at our end – it’s the busiest part of the conveyancing process. We order all the necessary searches required to ensure that you are getting what you paid for.		Additional Info Types of common searches: RTA searches Airport noise Restrictions on development Zoning inquiries Compliance with swiming pool laws.

Step 9

Countdown to purchase

About a week before settlement we calculate the amount of money you need to complete your purchase. This means liaising with your bank and the seller.
Additional Info

What is Settlement?

Settle ment is a meeting attended by all parties and their banks. The buyer pays the seller the balance of the sale price and takes ownership of the property.

Step 10

You now own your new property! You can pick up your keys from the agent.

Site Map	\|	Privacy Policy	\|	Terms & Conditions

Site Map

Terms & Conditions

Step 9
Countdown to purchase About a week before settlement we calculate the amount of money you need to complete your purchase. This means liaising with your bank and the seller.		Additional Info What is Settlement? Settle ment is a meeting attended by all parties and their banks. The buyer pays the seller the balance of the sale price and takes ownership of the property.

Step 10
You now own your new property! You can pick up your keys from the agent.

Buying

Step 1

Step 2

Step 3

Step 4

Step 5

Step 6

Step 7

Step 8

Step 9

Step 10