Buying or Selling Property > Buying a Property

Buying a Property

Purchasing a property is arguably one of the biggest and most important financial decisions you will make in your life. To ensure you are fully informed prior to taking this step, consult a Registered Conveyancer. You are free to appoint your own Conveyancer.

If you do not already have a Conveyancer in mind, please visit 'Choosing a Conveyancer' and other pages on this site for information to help in your choice. See here for members list.

Your chosen Conveyancer should guide you through the complicated, but very exciting world of purchasing real estate. They will also be able to clarify any unfamiliar issues and can assist you with all matters affecting the purchase of property.

Before you sign.........
What you need to know:
(click here for full details)

Cooling off rights

Section 7 (aka Form 1) - Understanding Forms

Other information including

  • Special Conditions
  • Insurance
  • Building & Pest inspections
  • Costs involved
  • Some general fees include
    • Stamp Duty
    • Registration on Transfer
    • Government search fees
    • Strata or Community Title
    • Conveyancers Fees
Conveyancing for the Purchaser
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The specific conveyancing services involved in a purchase include:

  • Reviewing the contract before you sign
  • Searching the certificate of title to ensure proper ownership
  • Searching with government departments and local authorities for anything affecting the property
  • Advising on the information in the statutory disclosure statement (referred to as a Form 1)
  • Compliance with all special conditions and time limits
  • The preparation, certification and stamping of documentation
  • Liaising with your proposed lenders and financiers
  • Calculation of adjustments of rates and taxes
  • Preparation of settlement statements
  • Properly accounting for all monies expended or held in trust
  • Assistance with signing the memorandum of transfer; and
  • Attendance at settlement on your behalf

Conveyancing Advice

Buying a home or investment property can be exciting, frustrating, and even intimidating. Your conveyancer plays an important role in the purchasing process, offering advice and assistance on matters including:
  • Types of title and forms of ownership
  • Your cooling-off rights
  • Circumstances in which a party can avoid settlement
  • Available grants, concessions and rebates
  • Fees and charges, including rates & taxes to be adjusted
  • Change of ownership notifications
  • Your legal obligations including your insurance responsibilities
  • The meaning of any encumbrances or caveats
  • Understanding special conditions or "subject to?" clauses
  • Requesting special conditions

 

Did You Know?

Did you know your conveyancer may also be able to give you advice about

Title Insurance

What is it? Do I need it?
Where can I get it?

Did you know where to find out information about government rebates and concessions?

Are you a
First Home Buyer?
Vehicle Purchaser?
Self Funded Retiree?
Property Owner buyer?
Business Owner?

Check out this site: Revenue SA Rebates and Concessions