Conveyancing and Property

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Whether you're a first-time homebuyer, an experienced investor, or downsizing your family home, buying or selling property is a major decision. Our conveyancing services are offered at competitive rates, backed by a skilled and experienced team. In addition to real estate conveyancing, we can assist with various property matters, including ownership advice, mortgages and refinancing, property development, subdivisions, contract reviews, and commercial leasing. 

Conveyancing is the process of transferring the legal title of real estate from one party to another. While many Australians will buy or sell property during their lifetime, this may create the impression that it’s a low-risk process. In reality, property conveyance involves significant risks. Not only are there strict deadlines to meet, but there’s also the potential for errors, misunderstandings, and even fraud. A property lawyer can help ensure that buyers and sellers understand their obligations, protect their legal interests, and minimize risks throughout the transaction.

If you're buying, we will review and explain your contract, including any cooling-off rights, and assist in negotiating additional conditions to safeguard your interests.

If you're selling, we will prepare a compliant contract and Section 32 vendor statement, explain your obligations as a seller, and guide you through the process all the way to settlement.

In Victoria, most conveyancing transactions are now completed electronically through a system called PEXA, ensuring a secure and timely transfer of ownership without the risk of a paper title being lost or destroyed. However, electronic settlements are complex and require a strong understanding of property law to avoid any issues. Our role is to ensure everything goes smoothly.

Kara Legal's experiences team will simplify the process of selling your property. Whether residential or commercial, Kara Legal provides expert advice and efficiently handles the entire process, from preparing the Contract of Sale to final settlement.

Our services include:

• Preparing the Contract of Sale and Section 32
   
• Providing advice on tax implications related to the property, with access to experienced accountants for additional assistance
   
• Coordinating the discharge of your mortgage with your bank
   
• Requesting an early release of the deposit under Section 27 of the Sale of Land Act (where applicable)
   
• Organising settlement with all relevant parties
   
• Attending settlement on your behalf, including handling any banking of funds received
   
• Notifying the appropriate authorities of the change in property ownership
   

Purchasing a property can feel overwhelming, especially for first-time buyers, and it’s crucial to seek the right advice before entering into a Contract of Sale.

We will review your Contract of Sale and Vendor’s Statement, highlighting any issues, regulations, or restrictions that may apply to the property. We'll also ensure your interests are protected before you proceed with signing the Contract of Sale.

Once the Contract is signed, we’ll manage all the necessary steps leading up to settlement, ensuring your purchase process is as smooth and efficient as possible.

Our services include:

• Reviewing and advising on the Contract of Sale and Vendor’s Statement
   
• Organising a Building Inspection Report
   
• Providing advice on asset protection
   
• Ordering necessary title and property searches
   
• Preparing documents for the Transfer
   
• Coordinating with your bank to arrange cheques for settlement
   
• Preparing the Statement of Adjustments
   
• Booking and attending settlement on your behalf
   
• Notifying the relevant authorities of your purchase and the change of ownership

Whether you're an experienced property developer or undertaking your first project, subdividing or consolidating land can be a complex process.

Our skilled property law team will review your proposed plan of subdivision, collaborate with your surveyors, and ensure the process is completed smoothly and on time. We will keep you informed throughout, enabling you to move forward with your broader development efficiently.

If needed, we can also advise on and draft any necessary off-the-plan contracts and vendor’s statements, ensuring you can market your new properties safely and promptly.