Flat Rate Settlements

Settlement lawyers Perth WA

Settlement flowcharts

Before you sign the contract
You should…
  • Contact us before you sign your contract if you have any concerns or queries.
  • Register now with Flat Rate Settlements and lock-in our flat rates.
We will…
  • Review your contract before you sign at a $198 initial consultation.
  • Give you a copy of our free Legal Guide to Buying and Selling Real Estate in WA.
Once you have signed the contract
You should…
  • Ask the real estate agent to send us a copy of the contract.
  • Pay any deposit on time to the deposit holder nominated in your contract.
  • If your contract is subject to finance, make an application for finance approval immediately.
  • Send us a copy of your finance approval before the deadline specified in the contract.
  • Ensure any special conditions that are for your benefit are satisfied by the due dates; for example, termite or building inspection reports.
We will…
  • Check your contract.
  • Send you a preliminary settlement statement showing the balance due by you at settlement.
All conditions are met – the contract is unconditional
You should…
  • Sign all loan and mortgage documents prepared by your financier as soon as possible.
  • Sign and return the Transfer of Land document to us promptly.
  • Arrange insurance for the property and send a copy to your financier.
  • Carry out a pre-settlement inspection to ensure the property is in a satisfactory condition.
  • Transfer funds needed for settlement (that aren’t being provided by your financier) to our trust account at least three business days before settlement.
We will…
  • Search the certificate of title and any strata plan.
  • Prepare the Transfer of Land document and arrange for you to sign it.
  • Arrange for your contract to be duty endorsed (stamped).
  • Make a settlement booking with your financier and the seller.
  • Advise the local authority, Water Corporation, Office of State Revenue and any strata company to record you as the owner of the property.
  • Adjust all rates, taxes and strata levies and prepare a statement for you showing you the amount you will need to pay to complete your purchase.
Settlement
You should…
  • Have a glass of champagne!
  • Arrange to collect the keys to the property from the seller’s real estate agent.
We will…
  • Attend settlement on your behalf and ensure all the documents are lodged at Landgate after settlement.
  • Notify you when settlement is complete.
  • Deposit any surplus funds into your nominated account.
After settlement
You should…
  • Know that, if the property is the seller’s primary residence, you are entitled to take possession by noon the day following settlement. Otherwise you may take possession immediately.
We will…
  • Send you a settlement statement showing a final adjustment of rates and taxes and the total costs of purchase.
  • Return the original contract to you.
  • If requested, store your certificate of title in our safe custody facility.
Before you sign the contract
You should…
  • Contact us before you sign your contract if you have any concerns or queries.
  • Register now with Flat Rate Settlements and lock-in our flat rates.
We will…
  • Review your contract before you sign at a $198 initial consultation
  • Give you a copy of our free Legal Guide to Buying and Selling Real Estate in WA.
  • Contact your real estate agent (if any) and let them know we will act for you.
Once you have signed the contract
You should…
  • Ask your real estate agent to send us a copy of the contract.
  • Ensure any special conditions that are for your benefit are satisfied by the due date.
  • Contact your bank / mortgagee (if any) and sign a discharge of mortgage authority.
  • Ensure the property is fitted with hard-wired smoke alarms and RCDs in accordance with the Building and Electricity Regulations.
We will…
  • Check your contract.
  • Send you a preliminary settlement statement showing the balance due to you at settlement.
  • Let you know when the buyer receives finance approval, if applicable.
All conditions are met – the contract is unconditional
You should…
  • Sign and return the Transfer of Land document to us promptly.
  • Follow our instructions carefully to complete Landgate’s verification of identity requirements.
We will…
  • Search the certificate of title.
  • Receive the Transfer of Land document from the buyer and arrange for you to sign it.
  • Arrange for you to satisfy Landgate’s verification of identity requirements.
  • Arrange for the certificate of title to be handed over at settlement.
  • Adjust all rates, taxes and strata levies and prepare a statement for you showing you the amount due to you from the sale.
  • Liaise with the buyer and your bank / mortgagee regarding a settlement booking.
  • Notify you and your real estate agent of the settlement booking.
Settlement
You should…
  • Celebrate!
  • Give keys to the property to your real estate agent so that they can give them to the buyer.
We will…
  • Attend settlement on your behalf.
  • Pay all monies due to you from the sale to your bank account in accordance with your instructions.
  • Notify you and your real estate agent when settlement is complete.
After settlement
You should…

Know that, if the property is your primary residence, you are entitled to possession until noon the day following settlement.

We will…
  • Send you real estate agent any balance of their commission.
  • Send you a settlement statement showing a final adjustment of rates and taxes and the payment of sale proceeds.
(08) 9220 4430 (08) 9220 4430 (08) 9220 4430 (08) 9220 4430