Navigating the property settlement process in Perth can be seamless and efficient with the right steps and professional assistance. Here’s a comprehensive guide to ensure your journey from house hunting to settlement is smooth and successful.

1. Pre-Approval

Before embarking on your house hunting adventure, it’s crucial to sit down with a finance broker to secure pre-approval. This step gives you a clear understanding of your budget and how much you can offer on a property, making your search more focused and effective.

2. Appoint a Conveyancer

Engage a conveyancer as early as possible. At The Simple Settlement Co, we offer contract review services as part of our package. Our experienced conveyancers will meticulously examine your contract, highlighting essential points and clarifying any conditions. Additionally, we can recommend inspectors to help you meet the contract’s conditions.

3. Checking Your Offer

Ensure your offer includes sufficient time for inspections—ideally, 10 days from finance approval. This timeline allows for thorough inspections and fulfills your contractual obligations without stress.

4. Acceptance of Your Offer

Once your offer is accepted, promptly provide the details to your conveyancer and broker. This step is vital to initiate the settlement process and keep everything on track.

5. Settlement Documents

The initial documentation is critical as it empowers your conveyancer to act on your behalf, ensuring all contractual deadlines are met and arranging extensions if necessary.

6. Obtaining Finance

Start the finance process as early as possible. Ensure your broker has all the necessary documents to expedite your loan application and secure approval swiftly.

7. Secondary Settlement Documents

These documents confirm your readiness to proceed to settlement. Your conveyancer will assist in finalising these details, ensuring everything is in order.

8. Funds

Approximately 10 days before settlement, your conveyancer will request your contribution of funds. We prefer funds to be transferred to our trust account, allowing us full control and avoiding reliance on your bank. However, if you prefer your bank to draw funds directly, we can accommodate that as well.

9. Settlement Booking

Your conveyancer will handle the settlement booking, coordinating with the real estate agent and notifying you of the scheduled date and time.

10. Settlement Completion

Upon completion of the settlement, we will issue an email notification to all parties, confirming the transaction and facilitating key handover.

11. Certificate of Title

Thanks to PEXA, we can issue your Certificate of Title either the same day or the following day. Manual processing by Landgate may delay this process by approximately five weeks. Your Certificate of Title will be sent via email, as hard copy titles are no longer available.

By following these steps and engaging with The Simple Settlement Co, you can ensure a smooth and successful property settlement experience in Perth. Our expert team is here to guide you every step of the way, making your home-buying journey as stress-free as possible.