WHAT YOU NEED TO KNOW
If you’re preparing to buy or sell a property, or have questions about subdivision or land transfer, our experts are here for you. We are All Hours Conveyancing, a professional legal team located in the heart of the Melbourne CBD. Our committed team can take care of all the documentation and contracts involved in your property transfer. Whenever you need legal advice and property expertise – whether it’s residential or commercial our conveyancers can assist you.
Whether you’re looking for your first home, a bigger family home or a new investment, our residential conveyancers are here to help you understand your legal requirements and obligations. We will simplify the process for you and protect your assets by ensuring that the correct documents are lodged, and that the final contract of sale is fair and legally binding. Keen to avoid the common traps of buying or selling a residential property? Contact us today for your obligation-free consultation.
Our commercial conveyancing services can assist you with the purchase or sale of shops, offices, factories and more. Let us simplify the process for you by liaising with potential buyers or sellers and completing all the legal documents necessary for a seamless and successful business transaction.
Are you a foreign investor who is looking to purchase property in Melbourne? Our team of experienced and professional conveyancers is keen to guide you through the foreign ownership process, and help you understand the unique set of guidelines and criteria that are relevant to foreign investors.
Contact us now to find out more
Land division is a strong prospect for investors who are looking to maximise their profit. We can guide you through the otherwise complicated legal steps to minimise your costs and maximise your opportunity for profit. Keen to know more? Contact us today for a simplified approach to sub-dividing
OFF THE PLAN PURCHASES
What does it mean to buy off-the-plan?
If you’re in the market for a new home or apartment, you might be considering buying off-the-plan. This process involves signing a contract for a property before construction has been completed – which is why it’s important to seek expert legal advise to ensure that you are protected. You can invest in off-the-plan properties at the following stages:
- During the planning stages, when an empty lot of land exists
- When an existing property is being demolished for new development
- When construction is partially complete
What are the benefits of buying off-the-plan?
The benefits of buying off the plan are largely financial, and may include:
- Greatly reduced stamp duty – one of the biggest upfront costs involved in buying property
- A purchase price that is usually less than market value
What are the risks of buying off-the-plan?
Buying off-the-plan comes with its own unique set of challenges and risks, which may include:
- Unexpected changes to plans
- Complicated contracts
- Limited communication with the builders
- Complications with the developer
- Market volatility that damages the property’s value
Our advice to you:
It can be difficult for buyers to terminate or be released from their contract, so before entering into an agreement you should consult a range of professionals to safeguard your interests. We recommend that you:
- Research the developer and check with licensing authorities to confirm their credibility
- Carefully inspect and investigate any details of the homes you already have – including models and plans – so you know exactly what you’re purchasing
- Consult our team on legal issues, particularly around the contract of sale
How we can protect you:
It’s important to review every contract of sale, especially when you don’t know exactly what you’re getting. Let us take the stress out of this process for you by:
- Ensuring that your contract identifies all charges and costs
- Requiring developers to start work by a specific time
- Making sure the lot entitlement and liabilities are shown so you know your exact entitlements to the land after subdivision
- Including remedies and penalties that deter late completion and disputes
- Implementing a ‘sunset clause’ that allows you to cancel the contract if developers have not met construction requirements.
Selling off the plan
What does it mean to sell off-the-plan?
An off-the-plan contract is an agreement to sell land, apartments or other property before construction has been completed. Buyers enter into these agreements with the promise of lower costs for an investment property, while it allows sellers to streamline their sale.
What are the benefits of selling off-the-plan?
If you have a large block of land and you want to maximise your profits, an off-the-plan approach might be right for you, as it allows you to sell your land first and divide & develop it later.
What are the risks of selling off-the-plan?
There are a range of factors that can delay and complicate an off –the-plan process, including contract oversights and legal complications. Our conveyancers are property law experts who can avoid these costly mistakes and promote a faster and less stressful sale.
How we can protect you:
The contracts surrounding these transactions are typically more complicated, so they require a trained legal eye to ensure you are protected. Some of the things we can look for and amend in your contract include:
- Its compliance with all relevant legislation
- Special conditions that unfairly allow the buyer to withdraw from the transaction
- That all costs and charges for buyers are clearly identified
- That there are time limits for subdivision and development that all parties agree to
Understanding the transfer of land:
Aside from buying or selling property, there are many reasons why someone might want to transfer a property to another person. These events or decisions might include:
- Transfers between partners or spouses
- Deceased estates
- Family trusts
- Other gifts
Let us save you time and money:
Did you know that incorrect land transfers can result in lengthy delays, costing you time and money? The circumstances surrounding the need for land transfer vary greatly, so it goes without saying that each circumstance comes with its own set of legal requirements, fees and processes. Why leave it to chance? Contact us today and let us take the stress out of land transfer with our personalised services, including:
- Determining the legal requirements that are relevant to your situation
- Advising on stamp duty and capital gains implications
- Determining eligibility for concessions
- Preparing, stamping and lodging all necessary documentation
- Preparing the transfer of land
- Liaising with your financial institution
” I met Shakila three times before my settlement, she always give me honest suggestions. Thanks again for the great service you provided!”
“The personal service I received was amazing and I would certainly use Shakila again and recommend her to all my friends.”