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Hi,
If you are looking for value in conveyancing, you may want to use professional conveyancers.
And if you are selling a property, without any legal issues you are aware of, I would use a conveyancer because they are cheaper than most solicitors. (But only for Torrens Title & Strata Title). For company title or old system title I would definately use a solicitor who has experience in these type of titles as they are completly different and more complex than Torrens Title.(If you are not in NSW I don’t think you would have to worry about it though,,,,)
But if you are purchasing I would advise against using conveyancers unless if it is just transferring title between family members, or you are using them just to save your time for doing the conveyance yourself.
Also, another reason why I wouldn’t use a conveyancer when you are purchasing, is that a solicitor can advise you on which entity to purchase a property because he is at least aware of how CGT, GST will affect different entities and advise you appropriately. If you only intend to purchase one property and keep it as your PPOR you may not need to have a solicitor advise you on such issues. But if you plan to have more than one property then it may be wiser to use a solicitor who can advise you as to what kind of structure is available to purchase a property.
Currently I am working for a sole practitioner as a junior solicitor and trying to learn as much as I can about conveyancing, tax & legal issues because I also want to get involved in property investing in the future and I am writing from my experiences…..
If you have any further questions regarding the price of conveyancing in our practice you can PM me.
Having read the FHOG application I also don’t see any problems with your way of claiming $7,000.
As long as one of the owners of the property lives there for continuous period of 6 months commencing within 12 months of settlement, you should be entitled to the grant.
You can find the registered owner if you know the address and/or Lot and DP number at land title offices in each state. They may charge minor fees for the services.
If you are in NSW, you fill in a Off the Plan Declaration Form and only pay stamp duty within a year of exchange. Otherwise, you have to pay within 3 months of exchange.
For other states, I do not know how the Off the Plan works.[withstupid]
Possibly put a caveat on the title so that other interested buyers would be distracted from buying or taking the property as security.
This won’t cost much, go and see a solicitor.
Hi
I’ve actually met a person who met Kiyosaki and his rich dad and according to hims the “rich dad” is apparently a nth generation Chinese-American…[biggrin]
I probably recommend HSBC.
HSBC has unlimited free transactions.
ANZ bank has only 6 free transactions per month.
Both accounts have no interest, except that HSBC has interest rate of 4.5% if the balance is $2000 or more.
That will totally depend on number of transactions and whether you are willing to use internet account.
To avoid paying excessive bank fees I use about 5 different account- but use two accounts mainly.
Find out about your needs, whether it be mainly for paying bills etc, and find an account that suits you.
One tip, to avoid excess bank fee I take the money that you will use for the week and leave it at home.
Hi Andrew
I do a lot of conveyancing and sometimes you may be able to get out of the contract(this means finding a good ground for termination) by asking your solicitor to review the contract thoroughly. Not all solicitors are diligent with their contract preparation and I’ve seen purchasers ask solicitors if there is any way out of a contract and sometimes there were. If you want to look at the contract your self see Conveyancing Regulations 53.
Hi,
I work in conveyancing I’ve seen people get away with paying double stamp duty in two ways:
1. adding “or nominee” in the contract, which could mean that you would have to pay extra money to the Vendor solicitor for drawing a new contract.
2. Drawing a “put option” contract. But this is complicated and would incurr extra legal fees.
