- The Perth settlement agent now takes over.
- You will need to organize formal finance approval within the specified time frame.
- The Contract of Sale will state the amount of time you have to settle the conditions.
- When all conditions are met, the offer becomes unconditional, the sale will go ahead and the property will be yours.
- Please note: in Western Australia you will not need a solicitor, unless you want to use one.
- The Perth settlement agent will do the conveyancing work at the agreed fee (usually around $1,000 but the fee can vary from agent to agent).
- Your settlement agent is going to prepare a Transfer of Land document and arrange for your signature.
- This will take place at least two weeks prior to the settlement date.
- Your lender will be handed this document at settlement.
- Upon registration the Perth property will be changed over to your name.
- Your settlement agent will contact all relevant parties to arrange the date, place and time of settlement.
- One week prior to the settlement you should be notified of the exact date, time of settlement and the amount of funds that you are required to provide prior to settlement (if applicable).
- After settlement, the sellers settlement agent will contact the real estate agent and advise them to hand over the keys to you.
- Your settlement agent should contact you and confirm that settlement has taken place. They will also send you a Statement of Adjustment to show you how the funds have been disbursed to the parties involved.
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