When you enter into a Contract to buy or sell a property the end result intended is to settle. Providing that all conditions of the Contract have been satisfied and/or agreements for any outstanding matters have been negotiated and agreed between the parties’ arrangements will be made to settle.
If you are borrowing funds to complete the purchase of the property you will be required to complete loan documents. Once the documents have been signed, returned and verified, your financial institution will be ready for settlement.
Throughout the conveyancing process certain legal documents are required to be prepared and executed in readiness for settlement. Search results enable calculations to be made and adjustments are made to the respective party. Once a settlement statement has been prepared and the balance settlement amount is agreed upon, cheque directions are provided and arrangements are made for settlement.
A.L.F. Lawyers will prepare the relevant documents, liaise with all relevant parties and arrange for settlement to be effected on the Settlement Date. It is important that the conveyancing process is conducted diligently and in a timely manner to ensure there is no delays in settlement and that your legal rights are protected.