If you are absolutely new to the property buying or selling game, it is reasonable to presume that you have never heard of the property conveyancing in Frankston procedure. Why, after all, would you? However, if you understand what the phrase means, you will be considerably calmer and at peace with the criteria and rules.
However, now the time has come for you to get educated, who better to assist you than a team of skilled Cranbourne lawyers? To assist you in gaining that understanding, here are a few basic bullet points on what you need to know about property conveyancing.
Due Process
The first stage is to reach an agreement between the seller and buyer of a property. Following the completion of the first phase, the process of due diligence begins, which involves the creation of contracts and the completion of the necessary administrative tasks and research to ensure that all components of the transaction are approved to proceed and be finalised.
The Transaction
Following that is the exchange, which is simply the signing of documents once all due diligence has been completed and both parties are satisfied with the sale of the property. You won't reach this point unless every detail has been thoroughly examined.
The Stage of Completion
The final stage is the completion stage, which includes all of the finishing touches such as registering the transfer of ownership, paying Stamp Duty Land Tax, and clearing any outstanding bills such as legal fees.
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