Conveyancing FAQs
Frequently asked questions about conveyancing in Victoria.
Frequently Asked Questions
Below are answers to common questions we receive about the conveyancing process in Victoria. If you have further questions, please contact our office.
What is a Section 32?
A Section 32 Vendor Statement is a legal document that a vendor must provide to a purchaser before the sale of real estate in Victoria. It contains important information about the property including title details, planning information, building permits, outgoings, and any encumbrances on the title. It is a legal requirement under Section 32 of the Sale of Land Act 1962.
How long does conveyancing take?
A standard residential conveyancing transaction typically takes between 30 and 90 days from exchange of contracts to settlement. The settlement period is usually agreed between the parties in the contract of sale. Off-the-plan purchases may have longer settlement timeframes.
Do I need a solicitor for conveyancing?
While it is not a legal requirement to engage a solicitor, it is strongly recommended. Property transactions involve significant sums of money and complex legal documents. A solicitor ensures your interests are protected, identifies potential risks, and manages the transaction process efficiently.
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