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Preparing for conveyancing when buying in SA

 

Deciding to buy a property is the first step of a long and often stressful journey and, for many of us, it’s one we haven’t been on before. At Conveyancing.com.au, we help people buy property and land every day, and we’re here for you too.

When you imagine buying a property, it’s easy to think about browsing real estate websites or glossy magazines until you find the right one. From there it’s just a matter of getting a loan and choosing to buy it, right? Well it’s a little more complicated than that. Most people don’t realise the process takes a minimum of 6 weeks, and as long as a few months. In that time, a lot needs to be done so it’s important to be prepared.

If that seems like a long time, just think about what’s involved with buying a car. While the exciting part is driving it away, there is also some important paperwork to fill out. Once you’ve bought the car, you still need to register it, get pink slips, buy insurance, update parking permits and so on. That’s a lot of admin. When it comes to buying a property it’s the same, but with much larger sums of money and even more paperwork.

Our team at Conveyancing.com.au has worked hard to make the conveyancing process as simple and easy as possible. We’ve put together a Property Calendar to help you prepare for your buying journey.

 

Property Calendar

Buyers:

 

Decide on budget for property 

Find property 

Get pre-approval for finance 

Get contract review by lawyer

Engage a conveyancer 

Sign contract 

Arrange building and pest inspection

Apply for bank approval 

Get Verification of Identity 

Submit back to us along with payment for initial invoice 

Wait for contract to go unconditional (which means building and pest is successful and all conditions on the special conditions part of the contract is met (usually 21 days) 

Wait for settlement to occur

This article is provided for general information purposes only. Its content is current at the date of publication. It is not legal advice and is not tailored to meet your individual needs. You should obtain specialist advice based on your specific circumstances before taking any action concerning the matters discussed in this article.

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