WHAT AREAS DO NPTS SERVICE IN VICTORIA?
We provide commercial and residential conveyancing services Victoria-wide including the Bellarine Peninsula, Surf Coast, Lara, Winchelsea and Bannockburn.
WHAT IS CONVEYANCING?
Conveyancing is the process of preparing legal documents for the transfer of land or property to a new owner, i.e. buying or selling your home. Conveyancing must be done by a qualified professional who understands and is trained in the legal process.
A typical conveyancing transaction contains two major landmarks: the exchange of contracts (this is where equitable title passes) and completion (this is where legal title passes).
WHAT DOES A CONVEYANCER DO?
Our conveyancers make buying and selling land and property easy. They make title transfers simple ensuring all conditions in a contract are met.
Conveyancing services include, but are not limited to:
- Title searches
- Title transfers
- Checking the Section 32 Statement for encumbrances and restrictions on the property that may diminish value
- Ensuring any special conditions mentioned in the contract are met – i.e. building and pest inspection
- Making sure rates, land tax and water consumption charges are paid by the appropriate party
- Arranging for the payment of fees and charges
- Preparation of legal documents
WHAT IS A SECTION 32 STATEMENT AND WHY IS IT IMPORTANT?
A Section 32 Statement basically details all the ‘fine print’ about a land or property that impacts safety, value, finance, etc.
For example, if existing owners have not paid their council rates and have a large outstanding bill, this will be in the Section 32. It’s important to check this because once the title transfer is completed, this bill would become your responsibility.
There are many other important details in a Section 32 and your conveyancer will read over this statement closely to make sure you are buying land or property that is worth it’s price with minimal restrictions and no encumbrances. Your conveyancer will give you a report so you can decide if you want to proceed with purchasing the land or property, it can also help you determine the value of your offer.