Information for Buyers

Pre-purchase review of documentation

Prospective purchasers should seek advice on a Vendor’s Statement and the terms of any contract.
Lexus can help you understand what planning restrictions apply, what building regulations means and how they might affect you and draw you attention to any easements or encumbrances that affect the title.
Lexus can also advise you on how to make a formal offer to purchase a property.
We will not charge you for reviewing the documentation pre- purchase as this service is included in our fee.

Acting in a Purchase

We review the Contract and Section 32 Statement and obtain searches of the Title and the necessary rate, planning and other certificates. We liaise with your financier to arrange the funding for the settlement. We do everything needed to efficiently transfer the property into your name including preparing the Transfer of Land and Statement of Adjustments and arranging settlement.

Settlement

The settlement date is specified in the Contract. This is the day that the Purchaser takes possession of the property. We will arrange a convenient time and location with the other parties involved. It is not usual for the Vendor or the Purchaser to attend settlement.

Final Inspection

You should arrange to inspect the property during the week preceding settlement. You are entitled to the property in the same condition and state of repair as on the day of sale. You should contact the selling agent to arrange the final inspection.

Keys

The keys to the property are usually held by the selling agent. The agent will be notified when settlement has occurred and instructed to release the keys to the Purchaser.

Utilities

Lexus Conveyancing will notify the council, water authority and body corporate (if applicable) of the change of ownership. It is your responsibility to arrange for connection of electricity, gas and telephone.