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HOW TO BUY ONE OF OUR PROPERTIES
SALES PROCEEDURE
Once you have decided to buy one of our properties you need to:
a) Ring us or email us with purchaser details Name Address Phone Email
b) Pay your deposit into our Bank account along with Stamp Duty costs
if you want us to get our law clerks Legalstream to attend to stamping If you are using a Licensed conveyenncor or a Solicitor then only pay
the deposit, The Stamp Duty fees etc can be given to your representive
c) After we receive your deposit we will then send a contract to you if acting for yourself or your conveyencor or solicitor if represented
d) You must settle within 28 days unless an arrangement for finance has
been agreed to NOTE: This means 28 days from the date of sale not date
of exchange. If late a Late penalty interest rate of 20% pa applies
e) If you are requiring finance a $250 Application fee needs to be included
with your deposit once your finance has been approved. If the property is a house the loan application fee is $500. These fees help cover our
licensing and compliance costs in maintaining our credit license
f) When you purchase property in NSW Stamp Duty is payable to the NSW Office of State Revenue and your contract and transfer form need to be
stamped. When the title is to be transferred at the Land titles office a
notice of sale needs to be lodged with your transfer and deed.
Your solicitor or conveyencor will take care of this on your behalf but if you are acting for yourself we recommend our law clerks who will attend to registration and stamping for you for $99
g) In case of a cash sale the title deed should be back within 21 days in your name provided that there is no backlog at Land Titles Office
h) In case of financed property we retain the deed in our files until
property is paid for
i) If you would prefer a Mortgage style of finance we can do this but a minimum 25% deposit is required and you will need to pay the cost
of Mortgage preperation by our solicitor usually about $500 plus
registration and clerking fees of about $135.
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