Residential Conveyancing
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EXPERT RESIDENTIAL CONVEYANCING BRISBANE-WIDE
We provide a fixed-fee service with no hidden costs
When it comes to buying or selling a property in Queensland, navigating the intricate web of legal aspects can be quite daunting. At GLG Legal, we offer residential property conveyancing as well as our commercial conveyancing services. No matter the type of property transaction you are looking to make, our conveyancing solicitors Brisbane-wide are well-versed in Queensland property law, ensuring your property sale or purchase proceeds seamlessly.
Our residential conveyancing is a fixed-fee service with no hidden conveyancing cost. Whether you’re buying your first home or investment property, or looking to upgrade and sell your own home, our friendly team of experienced property lawyers can help you every step of the way. If you need experienced conveyancers backed by professionals, we will be there to help from your signing the contract to settlement and all the stages in between.
WHAT IS CONVEYANCING?
Conveyancing is an indispensable legal process that encompasses a wide array of services for both buyers and sellers in residential property transactions. It’s the intricate set of legal steps and procedures necessary to transfer the ownership of a residential property from the seller to the buyer, ensuring that the property sale is legally binding and that both parties fulfill their obligations.
In a typical residential conveyancing Brisbane transaction, the process unfolds as follows:
- Contract Preparation: The process begins with the preparation of a Contract of Sale. The seller’s conveyancing solicitors or real estate agents typically create this document, outlining the terms and conditions of the property sale, including the sale price and any special conditions.
- Legal Review: Buyers and sellers each have their conveyancing solicitors who review the Contract of Sale. The buyer’s conveyancing solicitor ensures that the contract aligns with the buyer’s interests and complies with Queensland property law, while the seller’s conveyancing solicitor may negotiate changes or amendments as necessary.
- Property Searches: Extensive property searches are conducted to identify any issues associated with the property. These searches include land titles, zoning, outstanding rates or land tax, and more, benefiting both buyers and sellers.
- Inspections: Buyers typically arrange property inspections, such as building and pest inspections, to assess the property’s condition and identify potential issues. Sellers may also take this opportunity to address any concerns before listing their property.
- Finance Arrangements: Buyers secure their financing arrangements, and the residential conveyancer liaises with the buyer’s lender to ensure financial aspects align.
- Exchange of Contracts: Once both parties are satisfied with the terms and conditions, and all inspections and searches are complete, the contracts are exchanged. This involves the seller signing the buyer’s contract and vice versa.
- Deposit Handling: The buyer pays a deposit, typically held in trust by the seller’s solicitor or real estate agent until settlement.
- Settlement: On the settlement day, the buyer’s conveyancer transfers the purchase price to the seller’s solicitor. The seller provides the buyer with the property’s legal title, and the buyer becomes the new legal owner.
- Post-Settlement Tasks: After settlement, the residential conveyancer attends to various post-settlement tasks, including notifying relevant authorities of the change in ownership and updating property records. Sellers may also need to address any outstanding matters, such as clearing existing mortgages or liens.
Whether you’re buying, selling or investing in a residential property, a skilled Brisbane conveyancing solicitor plays a crucial role in safeguarding your interests, ensuring that all legal aspects are addressed, and facilitating a smooth transaction. Engaging in this form of professional service is essential to navigate the intricacies of Queensland property law successfully.
IF YOU ARE BUYING A PROPERTY WE WILL ASSIST YOU ON ALL ASPECTS OF THE CONVEYANCING PROCESS INCLUDING:
- Explaining to you the contract and its terms and conditions
- Explaining what risks you need to be aware of and how to protect yourself
- Explaining what a ‘cooling off’ period is and your rights to use it
- Advising you of the various timeframes that you have to meet under the contract
- Ensuring you obtain the necessary property reports within the required time, such as building and pest reports
- Conducting the necessary searches over the property as per your instructions and providing you with copies of the search results
- Providing you with the necessary Declaration forms for Transfer Duty and attending to the stamping of your Contract and Transfers with the Office of State Revenue
- Explaining to you about the steps you need to take when applying for finance
- Explaining what property searches are available and the benefits of each and conducting these on your behalf
- Assisting you in satisfying the special conditions of the contract
- Providing you with the necessary documents you need to sign
- Liaising with your financier to book in settlement and ensure sufficient funds are available
- Calculating settlement figures and making necessary adjustments
- Attending settlement on your behalf
- Notifying Council of the change of ownership so future rates notices are issued to you.
CONVEYANCING PROCESS FOR BUYERS
The residential conveyancing process for buyers is a comprehensive journey aimed at ensuring a seamless transition of property ownership. It begins with an initial consultation where buyers communicate their preferences, budget, and requirements to the solicitor, who then formally engages to oversee the transaction. Property searches are conducted meticulously, encompassing local authority, environmental, and drainage inquiries to unearth any potential issues that may affect the property’s value or the buyer’s plan.
Your conveyancing solicitor will review the contract drafted by the seller’s representative, ensuring its alignment with your interests as the buyer. Negotiations may occur to address any discrepancies or seek clarifications on terms. If you are securing financing through a mortgage, the solicitor collaborates closely with lenders to finalise mortgage offers and coordinate fund disbursement.
IF YOU ARE SELLING PROPERTY OUR BRISBANE CONVEYANCING TEAM WILL ASSIST YOU WITH THE SALE INCLUDING:
- Advising you of the terms and conditions of the contract
- Notifying you of the timeframes the buyer has to meet and what your options are if those are not met
- Assisting you with notifying any mortgagee of the sale
- Receiving in confirmation from the Buyer’s solicitor on the satisfaction of the special conditions and notifying you
- Providing you with documents you need to sign, e.g. transfer documents
- Liaising with your mortgagee to book in settlement with them and ensuring sufficient funds are available
- Calculating settlement figures and making necessary adjustments
- Attending settlement on your behalf
- Notifying Council of the change of ownership, so future rates notices are issued to the buyer
- Advising you of what needs to be done prior to and after settlement
CONVEYANCING PROCESS FOR SELLERS
When selling property through a residential conveyancing solicitor, you will start by communicating your objectives, preferences, and any pertinent details about the property. One of the primary tasks undertaken by your solicitor is to prepare the contract for the sale of the property. This contract outlines essential details such as the property’s price, boundaries, fixtures and fittings included, and any special conditions. Your conveyancing solicitor ensures the contract accurately reflects your intentions as the seller while adhering to legal requirements.
Your conveyancing solicitor will also assist you in gathering necessary documentation and information about the property to facilitate property searches, and finalise the property transfer process.
There is no need to do your own conveyancing when our professional, friendly and experienced residential conveyancing solicitors will keep you constantly informed and ensure a smooth, stress-free property purchase or sale.
OUR BRISBANE PROPERTY LAWYERS PROVIDE A FIXED-PRICE CONVEYANCING SERVICE WHICH MEANS THAT YOU WILL BE AWARE OF THE COSTS INVOLVED AND WON’T FIND ANY HIDDEN EXTRAS.
Based on our extensive experience in this area, we have developed a number of checklists and information sheets to help you during this process.
For a high level of personal service for Brisbane conveyancing, please contact us today.
COSTS FOR A PURCHASE
- Professional Fees $1,100.00 inc GST
- Standard Searches (approx.) $350.00 inc GST
- Verification of identity $23.09
- PEXA Settlement Fee $137.39
COSTS FOR A SALE
- Professional Fees $770 inc GST
- PEXA Settlement Fee $137.39
- Verification of Identity $23.09
- Outlay for Title Search (If Required) $32.94
WHY CHOOSE GLG LEGAL?
At GLG Legal, we understand that residential property conveyancing in Brisbane is not just about transactions – it’s about securing your future home or successfully selling your property. Our property conveyancing services are specifically tailored to your wants and needs, so that you can confidently navigate the Queensland property market with peace of mind, knowing that every legal detail is expertly managed by an expert residential conveyancer.
Whether you’re a first-time homebuyer or looking to upgrade or sell your property, our dedicated team of conveyancing lawyers is here to guide you through every step of your journey. For residential or commercial property conveyancing in Brisbane that prioritises your interests and ensures seamless, stress-free property transactions, choose an experienced conveyancing solicitor at GLG Legal.
WHAT OUR CLIENTS SAY
See for yourself what our satisfied clients have to say about our residential conveyancing solicitors in Brisbane.
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RESIDENTIAL CONVEYANCING FAQs
Do I need to be present for the conveyancing process?
While your presence may be required for certain key stages, such as signing contracts and completing the transaction, much of the conveyancing process can be handled remotely. We strive to make the process as convenient as possible for our clients, with clear communication every step of the way.
What happens if there are issues with the property title?
If issues with the property title are identified during the conveyancing process, our experienced conveyancing solicitors in Brisbane will advise you on the best course of action to resolve them. This may involve negotiating with the seller, obtaining indemnity insurance, or seeking legal remedies as necessary.
Can you assist with remortgaging or transferring ownership of a property?
Yes, we offer comprehensive services for remortgaging and transferring ownership of residential properties. Whether you are refinancing your mortgage or transferring ownership to a family member, our property solicitors can guide you through the process with expertise and care.
Can I use your conveyancing services for interstate property purchases?
Yes, our conveyancing services can indeed assist with interstate property purchases. While property laws may vary between states and territories in Australia, our experienced conveyancing solicitors are well-equipped to navigate the complexities of interstate transactions.
Whether you’re purchasing a property in a different state or territory for investment, relocation, or any other reason, our Brisbane conveyancing team can provide expert guidance and ensure that the conveyancing process is conducted smoothly and in compliance with all relevant legal requirements. We understand the unique considerations involved in interstate property transactions and are committed to providing you with comprehensive support every step of the way.
How long does your conveyancing service take?
The duration of the conveyancing process can vary depending on several factors, including the complexity of the transaction, the responsiveness of involved parties, and any unforeseen issues that may arise during the process. On average, residential conveyancing transactions typically take between 6 to 12 weeks to complete from the time an offer is accepted to the final completion date. However, it’s important to note that this timeframe can be shorter or longer depending on the specific circumstances of the transaction.
How much are your conveyancing fees?
At GLG Legal, our conveyancing fees are transparent and competitive, reflecting the high-quality service and expertise we provide to our clients. As each property transaction is unique and may involve varying complexities, our fees are tailored to the specific circumstances of your conveyancing needs.
To provide you with an accurate quote for our conveyancing services, please contact us directly to discuss your requirements in detail at (07) 3184 4478. Our experienced conveyancing solicitors will take the time to understand your needs and provide you with a personalised quote that reflects the scope of services required for your transaction.
Can I do my own conveyancing?
While it is possible for you to undertake your own conveyancing, we strongly advise against it, as attempting to do so on your own can often lead to costly mistakes or oversights.
Conveyancing involves intricate legal and administrative tasks, including property searches, contract review and negotiation, and completion arrangements. A Brisbane conveyancing solicitor from GLG Legal has the expertise and experience to navigate the complexities of property transactions efficiently and effectively, ensuring that all legal requirements are met and protecting your interests throughout the process.
Do you offer commercial conveyancing services too?
Yes, GLG Legal offers residential and commercial conveyancing services to our clients. For more information, visit our commercial conveyancing page.
What happens if there are issues with the property after completion?
If issues with the property arise after completion, such as defects or disputes with neighbours, the conveyancing solicitor can provide guidance on the appropriate course of action. This may invivle seeking legal remedies, negotiating with relevant parties, or obtaining insurance coverage if available.
CALL NOW TO TALK TO ONE OF OUR EXPERT LAWYERS
Brisbane, Head Office
Level 25, 240 Queen Street Brisbane QLD 4000
Springfield
Brookwater Office Park,
Level 1, Building 9,
22 Magnolia Drive, Brookwater QLD 4300