Buying Residential Property?
At Ownit, we understand how confusing the property conveyancing process can be. You want seamless and stress free conveyancing, which is exactly what we offer.
Take advantage of our exceptional service at a time and place that suits you, safe in the knowledge we guarantee a low, fixed rate. The only surprise you’ll find is how simple the process is.
Why buy a property?
Having your own home means gaining a peace of mind and comfort that renting doesn’t always come with.
Moreover, there’s no need to rely on a landlord or deal with a middleman real estate agency about your living arrangements. We love empowering customers to reach their goals.
That’s where we come in.
When you appoint Ownit you get...
Property information needed to complete the conveyance is held by many different entities and searches are performed to obtain or verify this information. A title search for example is to verify the registered owner of the property and whether there are any encumbrances on the title. Other searches may be performed with Council or the Body Corporate in order to complete adjustments to the purchase price and ensure that there are not large sums of money owed.
Transfer documents are now generally lodged electronically and register almost immediately. Where you have a financier, confirmation of this is provided to that financier and can be obtained from them.
Transfer duty is a state government tax applied to the transfer (along with other dealings) in property sale and purchase and is calculated with reference to the purchase price. There are concessions or exemptions available that you may qualify for and we will assist you in identifying those and advising you of your obligations.
If you are selling property, we recommend you maintain home insurance right up until the time of settlement.
Things can (and sometimes do) go wrong between signing the contract and final settlement. A current home insurance policy can protect you against all sorts of accidental damage and legal liability.
We also strongly recommend you insure property you are buying as soon as you sign the contract because the Contract of Sale might specify that the property becomes your risk from the contract date.
This protects you in the event the seller does not have any or enough insurance in place to protect the property in the event of damage. If you need a loan to purchase the property, your financier will usually insist that the property is insured with their interest noted on the insurance policy prior to settlement.