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  • 3 bedrooms
  • 2 bathrooms
  • 2 parking spaces

$ 365,000
3BR T/House. One of Shepps Best
  • 3 bedrooms
  • 3 bathrooms
  • 3 parking spaces

$ 299,000
3 BR plus sep. study on 1 Tatura
  • 3 bedrooms
  • 1 bathrooms
  • 2 parking spaces

$ 250,000
In town 1500sqm land and 3BR BV home
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Buying from start to finish

So what happens from the point that the vendor has agreed to sell you their property?
KMRE send a copy of the particulars of sale (a document detailing all the agreed terms, dates and price) to both your solicitor and the solicitor acting for the vendor.
The vendor’s solicitor will immediately start to prepare the two following documents;
1) Section 32. This consists of things like a copy of the title, rates notices, and documents from the water and roads authorities.
2) A contract of sale. This outlines the terms of the sale, price, settlement date, who is buying the property and who is selling the property etc. Please be aware that it can take up to approximately 12 working days for all of the documents required for the Section 32 to be received from the different authorities.
Once the Section 32 is compiled the vendors will sign the document after which a copy of the Section 32 and the Contract of Sale will be sent to your solicitor. Please note that even though the vendor has accepted an offer to sell you the property it is still their home and you cannot just ask for ‘another look’ or to ‘show family or friends through’.
If you do need to attend the property for any reason you need to contact our office and make the required appointment but it is entirely up to the vendors if they grant the request.
Once the Section 32 is completed by the vendor’s solicitor, the vendor will be asked to sign the document after which a copy of the Section 32 and an unsigned copy of the Contract of Sale is forwarded to your solicitor. You will then be contacted by your solicitor and asked to come into their office to go through the documents and sign them.
Your solicitor will answer any questions you may have and upon signing the documents you will generally be required to pay the deposit.
Your solicitor may also ask you to check the measurements of the block in which case he will give you a copy of the title and you need to contact our office so we can make the necessary appointment with the vendor. We will meet you at the property at the specified time and you’ll need to bring along the copy of the title. You don’t require anything else as we will provide any required measuring wheels or tape measures. Also please note that we do not go inside the house at this time, we merely measure the boundary of the block and ensure it conforms with the title.
Once satisfied that the title measurements are correct you need to inform your solicitor. He may want you to sign the copy of the title that he gave you and bring it back to his office. Please note that it is common in almost all cases for your solicitor to hold onto the documents until all conditions of the contract such as pest and building inspections have been satisfied. It is also common that your solicitor will keep the contracts in his possession until he has received proof that your finance has been approved even though this may not be a condition of the contract.
Once your solicitor is satisfied that everything is in order he will forward the Section 32, Contract of Sale and deposit back to the vendors solicitor.
There are specific requirements under the law which dictate how a deposit is dealt with but the deposit will generally be placed into the Vendor’s solicitors trust account who then becomes the stake holder.
The vendor’s solicitor will then get the vendor to sign the Contract of Sale and at this time the contract becomes what we call ‘exchanged’. This means that you are legally required to purchase the property. Up until the signing of the documents by the vendor you can pull out of the sale of the property.
After we are notified by the vendor’s solicitor that the Contract of Sale has ‘exchanged’ we will place a sold sticker on the For Sale board at the front of the property and change the internet listing to say ‘Under Offer’. We will also ring you up and let you know that the contracts have ‘exchanged.’
Around this time if you are wondering how things are progressing, the matter is best chased up via your solicitor as he will be in direct contact with the vendor's solicitor and should know exactly where things are at.
The settlement date will then be confirmed or set. Settlement will occur at a predetermined time and place which is usually a Bank. You are not required to attend settlement and when settlement occurs it means that your solicitor will have received the title to the property and paid the vendor’s solicitor the settlement funds.
You are now technically the owner of the property and your solicitor may have rung you and said that settlement has occurred, however please be aware that we are not allowed to give you the keys to the property until we are notified in writing by the vendor’s solicitor that settlement has occurred.
Once we have been notified we will ring you and make arrangements to give you the keys to your new home.
The law requires that the property be left by the vendors in the condition that it was in on the day the offer to purchase was made and accepted and there is no obligation on the vendors to have the carpets steam cleaned. The vendors must leave the property in a clean and tidy condition.
There will be no charges payable to us by you as we are paid by the vendor. Note that some solicitors may do things slightly different to the above but what we have outlined is a good indication.
If you have any questions regarding any of the above please give us a ring on 5831 6405 or contact your solicitor.
It's not a good idea to purchase a big ticket item such as a car before your loan is finalized as it can jeopardize your credit rating and endanger your mortgage approval.