Settlement is an exciting day in every buyer’s journey. But what exactly is the settlement process, and what can you expect on settlement day? What is the settlement process? Property settlement is the legal process that transfers the ownership of a property from the vendor to the purchaser.  Legal and financial representatives, typically a conveyancer and lender, facilitate the process on behalf of the buyer and seller. The settlement period is outlined in the contract of sa

A vendor statement – also known as a section 32 – is a document that the vendor must provide to all prospective purchasers prior to sale. It discloses information that’s not readily found during an inspection and, as it may impact a buyer’s decision to sign the contract of sale, it is legally required to be supplied before the contract of sale is signed by either party. What is covered in a section 32? The section 32 vendor statement, as the name suggests, is set out in secti

Conveyancing is a vital part of any property transaction. But what is a conveyancer, what role do they play and why do you need one? A conveyancer can help with the exchange of contracts and the settlement process. What is conveyancing? Conveyancing is the process of transferring the ownership of a legal title, such as a house or land, to the new owner. The conveyancing process is comprised of two stages, including the exchange of contracts and settlement. This process can be