Residential Property Fees.

Kyleah Conveyancing aims to provide a flat fee for our professional services, however due to complexities and the inherent differences between each matter, there may be some additional costs if a matter is found to have underlying issues or if difficulties arise through the course of the conveyance.

Our firm will always keep you informed of any additional costs as they arise and you will be kept fully aware of how your matter is progressing.

A fee proposal will be provided for matters not listed below. Please do not hesitate to contact our office to discuss your requirements. All fees quoted include GST. Prices for Commercial property can be quoted based on your variables.

 

Selling:

$880 inc. GST

What is provided:

  • Preparation of the Vendors Statement (also known as the Section 32) in accordance with all current legislative requirements. If a S.32 is found to be deficient there is a risk the purchaser may rescind the Contract and your sale may not be completed.

  • We will work closely with your Real Estate Agent to ensure the Contract of Sale contains all relevant details, and if necessary, Special Conditions to best protect your interests. If you have no Agent and are selling under Private Treaty, we can draft your Contract of Sale for you.

  • If applicable, we will prepare the Section 27 (for early release of deposit funds).

  • We will liaise with your Agent, the Purchasers Legal Representative and your Bank (if applicable arranging discharge of Mortgage) throughout the process.

  • Our firm will arrange preparation of State Revenue Office Duties forms, create the electronic Settlement platform in PEXA and ensure all relevant parties are included in the settlement.

  • We can hold deposit funds in our Trust Account, and following settlement arrange for swift transfer of settlement funds to your nominated account.

Auction Contracts

$1,000 inc. GST

*$275 payable upfront unless otherwise advised

 

Buying:

$880 inc. GST

*$55 per S. 32/Contract of Sale review. (This cost is included in our fee unless you decide to not go ahead with the purchase)

What is provided

  • Perusal of the Vendors Statement (also known as the Section 32) and Contract of Sale prior to signing and preparation of a report detailing any Special Conditions or issues regarding the property or Vendor Statement.

  • We will work closely with the Real Estate Agent and Vendors Legal Representative negotiating on your behalf to ensure the Contract of Sale contains all relevant details, and if necessary, Special Conditions to best protect your interests.

Our extensive knowledge of Planning ensures you will be fully informed of all matters that may affect the Land including encumbrances on Title, Zoning, Overlays, easements, boundary anomalies etc.

  • We will liaise with your Agent, the Purchasers Legal Representative and your finance provider throughout the process.

  • Our firm will arrange preparation of State Revenue Office Duties forms, create the electronic Settlement platform in PEXA and ensure all relevant parties are included in the settlement.

  • We can hold settlement funds in our Trust Account prior to the settlement date.

  • Arrange for all necessary property information certificates and Land Tax searches and prepare Statement of Adjustments.

  • Following Settlement, arrange for Notice of Acquisition to be forwarded to relevant parties and complete any post-settlement tasks relevant ie Licence Transfers, GST payable.

Additional Costs.

Outside of the professional fees, you need to take into consideration the additional costs that may be applicable to your conveyance. These costs will be discussed with you throughout the course of the matter, and are itemised in the Statement of Account.

You need to be aware of these additional costs, as you may need to make allowance for them if you are borrowing money for a purchase.

Disbursements

Disbursements are those items that must be sought from external parties that are necessary to the completion of a Sale or Purchase, and usually in the area of $100 - $350 depending upon the individual situation. The usual disbursements would include such items as a Title and Plan for the property in question, Land Information Certificate from the Council and Water Authority, and Land Tax assessments, but may also include Owners Corporation Certificate, Vic Roads Certificate, Heritage Register search, Building Approvals Regulation 326(1) or an EPA search to name a few.

Stamp Duty

Stamp Duty is payable on the value of purchased property (usually the listed purchase price in the Contract of Sale) It is calculated on a sliding scale - the higher the value, the higher the Stamp Duty applicable. All purchases attract a Stamp Duty fee, however there are exemptions that may be applicable to avoid or reduce the amount of Stamp Duty you need to pay. Our staff will fully investigate any exemptions that you may be eligible for and provide assistance to ensure that these exemptions are either claimed at settlement, or refunds are applied for following settlement as may be applicable.

Land Tax

Owners of multiple land parcels over a predetermined value must pay an annual land tax. The land tax deemed payable for a parcel of land being sold must be determined and paid by the vendor at settlement or the debt passes to the purchaser.

Transfer Fees

Transfer fees are determined by the Titles Office and are the cost associated with transferring land from one party to another. Transfer fees are payable at settlement.

PEXA Fees

All standard conveyancing transactions must be completed online. PEXA is the platform where all stakeholders meet digitally to complete documentation and financial exchange in order to complete the settlement.