When buying your first home in Victoria, there are a lot of things to consider. It’s a major milestone and can be the beginning of your financial freedom, independence and security. Haitch Convey before you sign the contract, you need to understand how much it will cost and what you’re paying for.
What is a conveyancing clerk?
There are many hidden costs that can be incurred when purchasing a property. These can include state and local government fees, transfer fees and stamp duty. These fees can be a big surprise for first home buyers, particularly when they’re buying a brand new property and are unaware of how these charges work.
A good conveyancer can help you with the whole process of buying your first home in Melbourne. They can assist you with finding the right lender, open you up to all the options available and advise you on your eligibility for the first home owners grant. They can also assist you with the preparation of your contract of sale and vendor statement (Section 32).
Conveyancer costs vary by property value and are often quoted as a percentage of the purchase price. Other factors that influence pricing include the level of experience and reputation of the conveyancer, as well as disbursement costs for things like title searches and land registry fees. Buying your first home is a huge milestone, and it’s important that you get the right advice to ensure that your transaction goes as smoothly as possible.
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