Embarking on your first home buyer journey is one of life’s most significant milestones. It’s not an experience to be taken lightly, with many steps along the way to ensure your dream becomes a reality. That’s why it’s essential to find a trustworthy conveyancer who can guide you through this process with expertise and precision. At Tick Box Conveyancing, we’re dedicated to helping you navigate the property purchase and sale process with ease.
What are the stages of conveyancing?
The costs of conveyancing will vary depending on the complexity and size of the transaction, as well as the location and type of property. For example, a suburban residential property may be cheaper than a commercial building in the city centre. It’s also important to take into account any additional expenses, such as home staging or pre-sale repairs.
Additionally, there are state-specific laws and regulations that must be followed, such as cooling-off periods. These periods allow buyers to cancel their contract during a set period after signing, usually three days. If you decide to cancel your contract, you’ll need to pay the deposit you paid to your real estate agent.
Different states and territories charge different rates for fees such as stamp duty, title transfer and registration costs, while banks and lenders also have their own charges. These extra costs can add up quickly, so it’s important to be aware of what you can expect when buying your first home. You should be prepared for unexpected fees like land tax, water consumption and council rates, as well as other disbursement costs such as property searches and inspection fees.