Transfer Of Ownership
Transferring ownership between family and friends can be a complicated process which can lead to
unnecessary expenses. SDS Conveyancing aim to make the transferal process as simple and cost
effective for our clients as possible.
Our Transfer of Ownership Service Include
 ✅ Initial consultation with clients to (determine the nature of your transfer?)
 ✅ Obtaining and preparing the necessary documentation.
 ✅ Communication with clients' mortgagee (if applicable)
✅ Distributing funds to clients upon completion of settlement.
 ✅ Forwarding the notice of acquisition to the council and water which secures the change of ownership.
 ✅ Finalising settlement by providing clients with a settlement statement and ta invoice.
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Do I need a conveyancer?To purchase a property, you will need a conveyancer to facilitate the documents required for the transfer of ownership. This is a legal requirement.
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When should I engage in a conveyancer?First Home Buyers are encouraged to contact us once they are interested in purchasing so that we are able to go through the contracts and provide the necessary advice prior to signing the contract of sale, which we do free of charge.
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What is the first home buyers grant?A $10,000 First Home Buyers Grant (FHOG) is available to those buying or building their first home.
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Am I eligible for the first home owners grant?To be eligible for the first home buyers grant you must fulfil the following: Not previously received the FHOG before. Not owned a home or residential property in Australia previously, either jointly or separately. Must occupy the purchased or built home for at least 12 months, commencing within 12 months of settlement or completion of construction. Must be an Australian Citizen or permanent resident. The contract price for the home, must be $750,000 or less. For an off the plan purchase it is the contract price not the dutiable value that must be $750,000 or less. When you sign a contract to buildna home it is the contract to build price that must be $750,000 or less.
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What is stamp duty?Stamp duty is a tax that governments charge for certain documents and transactions. This includes buying a home, land, or investment property. The amount of stamp duty you will need to pay will depend on: The value of your property or sale cost (whichever is higher) The location of your property (each state varies) The type of property (Unit, House, Land, Investment) Whether you are a first home buyer. Whether you are classified as a foreign buyer.
Need conveyancing advice?
We offer an easy and affordable service, ensuring that the conveyancing process is completed in a timely manner with minimal stress.