What we will do now?
Receipt of Contract and Section 32, obtain searches and certificates, liaise with all necessary parties such as agents, solicitors, conveyancers, banks/financiers and your accountant; prepare necessary documents and arrange for you to sign same, sign transfer on your behalf, prepare Duties Online form for your signature, certify stamp duty, prepare statement of adjustments, calculate funds required to settle, sign off on financial settlement, arrange settlement, notify council and water authority of the change in ownership and keep you in the loop.
The scope of work covered by our retainer is limited to the conveyance of the property and not unusual or additional work, for example, contractual disputes, advice about mortgage documentation, advice about ending the contract, preparing a deed of rescission, cancellation or variation of the contract, negotiating contractual terms or rearranging settlement. We may be able to assist you with such work, however it will be at an additional cost of $250 per hour (incl GST). The scope of our retainer specifically excludes the provision of taxation or financial advice.
Our fees
Our professional fees for your purchase are $1290 (incl GST) plus disbursements. The below additional fees (incl GST) apply for the following work if required to be undertaken by us:
You wish to nominate a subsequent/substitute purchaser | $220 |
Rearranging settlement | $200 |
Requesting to vary the settlement date | $150 |
Attending to review and arrange for signature of deed of variation | $220 |
Verifying your identity at our office (per attendance) | $50 |
We understand that people prefer a fixed fee and accordingly, we have costed our work on the basis of the tasks, matters and skill required to complete your conveyance. We therefore require your cooperation in addressing matters in a timely and efficient manner.
Before settlement, you will receive an invoice setting out our fees and disbursements. Our fees will be added to the amount needed at settlement and you authorise us to be paid at settlement.
If your purchase does not settle for any reason, you agree to pay our fees for work done and disbursements incurred by us.
Disbursements
Disbursements are out-of-pocket expenses which we incur on your behalf, including property searches and certificates, postage, and PEXA fees. As disbursement are usually between $200-$400, we estimate you will need to pay $400 in disbursements, not including Owner’s Corporation certificates which cost approximately $170 each. You will only be charged for those disbursements we incur on your behalf.
You have the right to:
- Ask for an explanation of our fees
- Negotiate a costs agreement
- Negotiate the billing method (e.g. timing or task)
- Request a written progress report of costs incurred
- Receive a written bill for work done
- Request an itemised bill
- Contact your local regulatory authority
Terms and conditions
By retaining us, you need to read through and agree to our Terms and Conditions.