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What are the costs involved in buying real estate?

 

There are several costs involved in buying any real estate. It is vital that you know what they are before you commence the transaction in order to budget for them. Costs can blow out if you are not prepared and make yourself aware of what is involved.

Here at ConveyancingInfo.com.au we can arrange for one of our panel of conveyancers to attend to your conveyancing transaction for a base fee of $700.00*. 

This does not include any of the following;

  • Stamp duty on the Purchase consideration

  • Title search costs
  • Governmental Inquiries
  • Agency fees for settlement
  • Fee for attending to loan and mortgage documents, when necessary
  • Registration fees paid to Land Registry
  • Title Insurance if you elect to insure against risk

There may be others depending on your individual transaction. Other costs to be aware of;

  • Fees and charges for obtaining a loan
  • Mortgage insurance where applicable
  • Adjustment of rates and taxes for the period you own the property
  • Insurance of buildings
  • Removalists and other moving cost

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What are the costs involved in selling real estate?

 

Before proceeding with any conveyancing transaction it is important to know exactly what the costs are, selling a property is no different.

Here at ConveyancingInfo.com.au we can arrange for one of our panel of conveyancers to attend to your conveyancing transaction for a base fee of $700.00*. 

This does not include any of the following;

  • Title search
  • Zoning certificate from council
  • Drainage diagram
  • Agency fees (settlement etc)
  • Fee to arrange discharge of mortgage, when necessary

There may be others depending on your individual transaction. Other costs to be aware of;

  • Fees and charges payable to discharge any loan
  • Agent’s commission and charges for advertising etc.
  • Rates and taxes adjustment for the period you own the property
  • Moving costs
  • Balance of loan repayments

You should also make sure the estate agent gives you a written quotation of his fees and charges or at least the manner in which they will be calculated.

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How can I save on the costs involved in conveyancing?

 

Whilst our standard professional fee is $700.00* there are a number of ways in which we can reduce this fee.

When purchasing a property finance is often required to assist in the transaction.  It makes sence that this application should be processed in conjuction with your conveyancing and makes our job far easier.  Allow us to manage your current loan application or to arrange a new loan and reduce the stress of purchasing and for ease of property transfer.

As this makes our job far easier we reward you by reducing your conveyancing costs.  Terms and conditions do apply - to find out more click here

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*$700.00 does not include GST if payable