Buyer Info - Floreat Settlements

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Buyer Info

Steps in the Buying Process:

FIRST STEPS

  • We can review your contract before signing should you be selling privately. Or, we can complete the Contract for you at no extra cost;

  • You advise your Real Estate Agent of your choice of Settlement Agent – Floreat Settlements;

  • You apply for finance – take a copy of the contract with you;

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

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WHEN WE RECEIVE THE CONTRACT

  • We will send to you interim Conveyancing documents for you to peruse, sign and return to us;

  • We advise Seller’s agent we are acting on your behalf at settlement;

  • We search the title and check on any encumbrances & ensure they are taken care of;

  • We follow up and check on your finance approval.


WHEN FINANCE IS APPROVED

  • You or your Bank/Broker will forward copies of finance approval letter to your Real Estate agent and us;

  • You arrange to satisfy any conditions on the contract that you are responsible for (eg Building Inspection, White Ant inspection, etc);

  • We ensure all conditions on the contract are satisfied;

  • We prepare unconditional documents including a Preliminary Settlement Statement detailing the funds required from you prior to settlement. We also send a copy to your bank to aid in the preparation of Mortgage documents;

  • You sign & return our documents;

  • You arrange an appointment with your bank to sign Mortgage documents;

  • We make enquiries to relevant bodies regarding outstanding rates and taxes;

  • You arrange Building & Contents insurance & forward a copy of the policy to your bank;

  • 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 are entitled to vacate and hand over keys by noon the day after settlement.;

  • You request connection of electricity, gas, internet and telephone services;

  • You prepare to move.


ONE WEEK BEFORE SETTLEMENT

  • We liaise with your Bank/Broker to make sure they are ready for settlement;

  • You make arrangements with your Real Estate agent to carry out a Final Inspection;

  • We book your settlement with the seller’s agent and your bank and advise you of the time and date of settlement;

  • We prepare an Amended Statement and adjust council rates, water rates, land taxes, and strata levies (if applicable) and advise you if extra funds are required.


SETTLEMENT

  • We have Transfer of Land stamped at Office of State Revenue;

  • We attend settlement on your behalf and lodge documents at Landgate if purchase is cash;

  • We notify you as soon as the settlement has taken place;

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


AFTER SETTLEMENT

  • You take possession of the property. Congratulations & enjoy your new home!;

  • We prepare and send any final correspondence;

  • You advise others of your new address & recommend "Floreat Settlements" to your family & friends;

  • 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 - 4 weeks.


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

 
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