Completing Your Contract

Need advice on how to complete your contract.
We can assist you all the way.

 

After the ‘exchange of contracts’:

 

Your Purchase

  • We will order the property enquiries to ensure that the property is not encumbered or that any relevant government agency has an interest in the property e.g. council rates, water rates, land tax, outstanding council orders.
  • If you are financing your purchase, we will contact your bank and arrange for the loan documents to be prepared and signed by you.
  • We will confirm the net loan funds available.
  • We will book a date, place and time for settlement with the vendors solicitors.
  • We will prepare a settlement adjustment statement adjusting the deposit, council rates, water rates etc. payable/allowed by the parties.
  • We will forward a copy of the settlement adjustment statement to you and the vendors solicitors;
  • We will receive the cheque direction from the vendor’s solicitors as to the cheques to be drawn to pay the balance of the purchase price on completion (“also known as ‘settlement’).
  • We will advise your financier of the bank cheques required on settlement.
  • If you are providing part of the purchase price, we will advise you of the bank cheques required on settlement.
  • We will attend settlement and complete the purchase.

 

Your Sale

  • If the property is secured by a mortgage, we will direct you to contact your bank and arrange for the discharge of mortgage documents to be prepared.
  • We will confirm the amount to discharge the mortgage.
  • We will book a date, place and time for settlement.
  • We will receive from the purchaser a settlement adjustment statement adjusting the deposit, council rates, water rates etc. payable/allowed by the parties.
  • We will forward a copy of the settlement adjustment statement to you and seek your advice as to how you wish the cheques to be drawn to pay the balance of the purchase price on settlement;
  • We will send a cheque direction from the purchaser’s solicitors as to how the balance of the purchase price is to be paid on completion (“also known as ‘settlement’).
  • We will attend settlement and complete the purchase.
  • We will pay your bank the amount to discharge any mortgage secured by the property.
  • We will bank any surplus funds to your nominated bank account.