At Ace Conveyancing and Legal, our experienced licensed conveyancers guide you seamlessly through every stage of the property purchase process. We begin with a personalized consultation and thorough document review to ensure all legal aspects—from the contract of sale to title details—are in order. We then work closely with your financial institution, manage critical conditions such as the cooling-off period, and coordinate the settlement process, ensuring your interests are fully protected throughout your journey to property ownership.

Please see below a basic overview of the purchase process:

1. Initial Consultation & Engagement

• Meet with the buyer to understand their goals, timeline, and any concerns.

• Explain your fees, the scope of your services, and outline the overall process.

2. Pre-Purchase Documentation & Due Diligence

• Advise on the necessary documents including the Contract of Sale, vendor’s statement, and title details.

• Order and review essential searches (e.g., title, encumbrances, planning restrictions) to confirm the property’s legal standing.

3. Contract of Sale Review

• Examine the Contract of Sale in detail with the buyer.

• Ensure that all terms, conditions, and mandatory disclosures comply with Victorian property law.

• Suggest modifications or additional conditions to protect the buyer’s interests.

4. Finance & Conditions Management

• Confirm that all contractual conditions (finance, building and pest inspections, etc.) are clearly outlined.

• Liaise with the buyer’s financial institution to ensure any finance conditions are met in a timely manner.

5. Cooling-Off Period Guidance

• Explain the buyer’s rights during the cooling-off period, including any limitations or requirements.

• Advise on how to proceed if issues arise during this period.

6. Liaising with the Seller’s Conveyancer

• Communicate with the seller’s conveyancer to clarify any discrepancies or negotiate amendments as needed.

• Ensure that all legal queries are addressed and that both parties are in agreement on the contract terms.

7. Preparation for Settlement

• Organize and verify all final documentation required for settlement.

• Confirm that all contractual conditions have been satisfied and that funds are ready for transfer.

• Coordinate settlement logistics with all relevant parties.

8. Settlement Execution

• Oversee the settlement process, ensuring the secure transfer of funds and the proper registration of the property title.

• Handle final adjustments such as rates and tax reconciliations, ensuring a seamless transition of ownership.

9. Post-Settlement Finalization

• Provide the buyer with all post-settlement documentation and a final settlement statement.

• Advise on any follow-up steps, including record retention and notifying utility providers or local authorities of the change in ownership.