PRIOR TO SETTLEMENT

STEP 1 We, (should you be buying privately) can review your contract before signing. Or alternatively we can complete the Contract for     you at no extra cost.

STEP 2 You advise your Real Estate Agent (when buying through an Agent) of your choice of Settlement Agent – "SETTLEMENT GROUP PTY LTD     Pty Ltd."

STEP 3 You apply for finance – take a copy of the contract with you.

STEP 4 You make sure your deposit is paid to the nominated Agent by the due date.

STEP 5 We will then send to you, introductory letter and Authority to Act.

ON RECEIPT OF CONTRACT

STEP 1 We advise Seller’s agent we are acting on your behalf at settlement

STEP 2 We search the title and check on any encumbrances i.e.mortgages etc. & ensure they are taken care of.

STEP 3 We follow up and check on your finance approval

ONCE FINANCE APPROVED

STEP 1 You forward copies of finance approval letter to your Real Estate agent and us.

STEP 2 You arrange to satisfy any conditions on the contract that you are responsible for (ie. Building inspections, white ant clearance).

STEP 3 We ensure all conditions on the contract are satisfied

STEP 4 We prepare documents and an interim settlement statement detailing the funds required from you prior to settlement (including Stamp Duty, settlement fees, etc) and send to you for signing. We also send a copy     to your bank to aid in the preparation of Mortgage documents.

STEP 5 You sign & return our documents & provide cheque for Stamp Duty. Stamp Duty must be paid to the Office of State Revenue prior     to settlement or 3 months from the date of contract, whichever is earlier.

STEP 6 You arrange an appointment with your bank to sign Mortgage documents.

STEP 7 We make enquiries to relevant bodies regarding outstanding rates and taxes

STEP 8 You arrange Building & Contents insurance & forward a copy of the policy to your bank.

STEP 9 You double check the settlement date with us then arrange a removalist – if the property is tenanted or vacant you are entitled     to take possession as soon as settlement is effected, if the seller lives     in the property they must vacate by noon the day after settlement.

STEP 10 You request connection of power, gas and telephone services.

STEP 11 You prepare to move (see our Moving Checklist).

ONE WEEK BEFORE SETTLEMENT

STEP 1 We adjust council rates, water rates and land taxes.

STEP 2 You arrange for any funds not provided by your lender to be available at settlement either to your bank or to us.

STEP 3 We liaise with your Bank or Broker to make sure they are ready for settlement.

STEP 4 You make arrangements with your Real Estate agent to carry out Final Inspection.

STEP 5 We book your settlement with the seller’s agent and your bank and advise you of the time and date of settlement.

SETTLEMENT

STEP 1 We have Transfer of Land stamped at Office of State Revenue

STEP 2 We attend settlement on your behalf and lodge documents at Landgate if purchase is cash.

STEP 3 We notify you as soon as the settlement has taken place.

STEP 4 We notify your Real Estate Agent and advise then to hand over keys.

AFTER SETTLEMENT

STEP 1 You take possession of the property

Congratulations & enjoy your new home!

STEP 2 We prepare and send any final correspondence.

STEP 3 You advise others of your new address & recommend SETTLEMENT GROUP PTY LTD to your family & friends

STEP 4 We send you either the new duplicate Certificate of Title by registered post or a copy of the Title Search showing you as the new registered Proprietor. This will take 3 – 5 weeks

Thank you for your business and we look forward to being of assistance     to you again in the future.