Real estate settlement FAQs

Yes. We act on a purchase by the trustee of a self managed super fund. Send us the contract along...

Yes. Western Australia has an off the plan duty concession for eligible new dwellings. What you get depends on the...

On the day, once settlement completes, if the property is empty. If the seller lives in the property they can...

Many first home buyers pay no transfer duty at all. Whether you do depends on the value of the property...

No. Western Australia has no cooling off period for real estate contracts, so once the seller accepts your offer and...

Transfer duty (formerly known as stamp duty) is a State Government tax calculated on the value of the property.

All local authority rates, Water Corporation rates, strata levies and land tax (outgoings) for the current year will be apportioned...

Unless stated in the contract, the property is sold free of all encumbrances.

The Electricity Regulations 1947 (WA) require sellers of residential properties built after 1 January 2000 to install at least 2...

The standard REIWA contract provides that if for any reason attributable to the other party, settlement is not completed within...

As seller, you should attend to the following matters, where applicable, before the settlement date: Arrange for the real estate...

As buyer, you should attend to the following matters, where applicable, before the settlement date: Arrange for the real estate...

Settlement is the process by which a contract to buy and sell real estate is completed.

You must complete a verification of identity (VOI) check before settlement.

If you are the buyer… Congratulations! Contact the real estate agent to collect the keys.

No, we attend your settlement for you either in person or via PEXA (e-conveyancing). Once settlement is complete, we’ll let...

The standard O&A provides that if for any rea Most contracts allow each party 3 business days grace after the...

A contract becomes unconditional when all the conditions of the contract have been met.

Good news! If you are the buyer … You’ll need to send us a copy of your finance approval so...

Most contracts to buy real estate in Western Australia are made using a standard two-page Contract for sale of land...

The contract may contain a clause or annexure that: gives the buyer the right to terminate the contract if certain...

The standard contract used in Western Australia doesn’t make any provision for termite or timber pest inspections, meaning that properties...

If you are selling new residential premises or new residential land you must give the Buyer a notice advising whether...

The Australian government requires people who buy residential property from non-tax residents to withhold 15% of the purchase price and...

If all parties agree and are ready to settle, you can complete settlement early. This includes the banks, so check...

Now that you have signed your contract, you will need to appoint a settlement representative to act on your behalf.

As of 1 December 2018, all eligible settlements must be completed through PEXA (Property Exchange Australia), Australia’s national online system...

If there is a mortgage registered on the title of the property you are selling, you are responsible for discharging...

A disbursement is any cost or fee that we incur on your behalf as part of the settlement process.

The settlement process can be in-depth and complicated, not to mention time consuming. We recommend that you appoint a professional...