We make the legal side of your property transaction clear, manageable, and completely stress-free.
Many people are surprised by how much goes into a property settlement. From the moment a contract is signed to the day settlement is completed, there are dozens of tasks, documents, deadlines, and communications that need to be managed precisely.
That is exactly what VIC Conveyancing does for you. Here is how the process works — for both buyers and sellers.
Before you sign anything, contact us. We review the Contract of Sale and Section 32 Vendor’s Statement in full and explain every clause in plain English. We check for special conditions, identify potential red flags, and advise you on your rights — including cooling-off periods and finance conditions.
Timeframe: We aim to complete contract reviews within 2–24 hours of receiving the documents.
Once you are happy with the contract terms, you sign and pay your deposit (usually 5% or 10% of the purchase price, held in the estate agent’s trust account). We formally accept your instructions and get your file underway immediately.
We order all legally required property searches on your behalf. These searches confirm there are no outstanding issues, unexpected costs, or legal problems that could affect your ownership of the property.
We liaise directly with your lender or mortgage broker to coordinate the loan documentation and ensure everything is ready for settlement. If there are any issues with the finance timeline, we manage those communications with all parties.
We prepare or review the Transfer of Land documentation and ensure everything is accurate and compliant with Victoria’s requirements. We send documents to you electronically for signing using our secure platform.
In the days before settlement, we calculate the settlement adjustments — prorating council rates, water rates, body corporate fees, and other outgoings between you and the vendor. We prepare the final settlement statement so you know exactly how much is required on the day.
Settlement is completed electronically via PEXA. This means faster, more secure settlement with real-time confirmation — no cheques, no physical attendance. The property is legally transferred to you, and we notify you the moment it is done.
We confirm settlement has occurred, notify you of the final outcome, and ensure your rate notices, council accounts, and water accounts are updated. The property is now yours.
Contact us as soon as you decide to sell — ideally before your property goes on the market. We prepare your Section 32 Vendor’s Statement, which is legally required before any buyer can sign a contract in Victoria. The sooner this is ready, the sooner you can sell.
We order all certificates needed to complete your Section 32.
We prepare or review the Contract of Sale, including any special conditions that reflect your situation. We make sure the contract protects your interests.
Once a buyer signs and pays their deposit, we are notified and begin managing the legal process from the vendor’s side. We liaise with the buyer’s conveyancer or solicitor throughout.
If you qualify for an early release of deposit under Section 27 of the Sale of Land Act, we prepare and serve the required statement, allowing you to access the deposit funds before settlement.
We liaise with your lender or bank to organise the discharge of your existing mortgage in preparation for settlement. Timing is critical here and we manage this proactively to avoid delays.
We prepare the final settlement statement, calculating the adjustment of outgoings between you and the buyer. You will know exactly what to expect on settlement day.
Settlement is completed electronically via PEXA. Funds are released to you (less any mortgage payout and agent’s commission, if applicable), and the property title transfers to the buyer. We confirm settlement the moment it is complete.
We notify you of completion and ensure all parties have been updated. Your sale is done.
