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Buying Property (Conveyancing) @ Virtual Legal

Welcome To Virtual Legal. You'll Love Working With Us.

So you’re a first home buyer with approximately 1,000,000 questions. Our fixed fee results based packages and access to the learning centre, will give you the comfort of being able to learn about each step in the process so that you can make the best decisions and ensure your questions are being answered without a price tag attached. The more in control and relaxed you are through the transaction, the better result we can obtain for you, so your happiness is our highest priority. And don’t worry – our team are experts in looking for issues you may not have identified so that your interests are protected at all times. Let us make the process easy for you – even fun!

Buying property doesn’t have to be stressful – you just need the right team onboard, who take the time to understand your individual risk level and desired outcome, and then guiding you through the process. 

Considering self-acting? There is a lot to consider so we strongly suggest you take advantage of our Learning Centre and benefit from hints, tips and updates relating to buying property, what to look for in a strata/body corporate report, how to choose a building/pest inspector, what each search reveals and your rights, etc. Let us help you and offer a world of knowledge at your finger tips all compliments of the team at Virtual Legal – click to the right to Join the Movement or access the Learning Centre.

Virtual Legal

Buying Property (Conveyancing) Pricing

Contract advice from signing to settlement for residential, commercial, off-the-plan, vacant land, units and townhouses.

Purchase of a House / Vacant Land

$897.00

+ GST per Property
  • Review Contract of Sale and Draft Conditions
  • Provide Advice on Contract
  • Critical Dates i.e. Finance, Building & Pest, etc
  • Adjust for Rates, Water, Land Tax, Levies, etc.
  • Work with Financier to provide documentation, then book in Settlement
  • Attend Settlement & Pay out Agent and Authorities
  • Forward final letter and settlement docs to you.
Purchase of a Unit / Townhouse

$997.00

+ GST per Property
  • Review Contract of Sale and Draft Conditions
  • Provide Advice on Contract
  • Critical Dates i.e. Finance, Building & Pest, etc
  • Adjust for Rates, Water, Land Tax, Levies, etc.
  • Work with Financier to provide documentation, then book in Settlement
  • Attend Settlement & Pay out Agent and Authorities
  • Forward final letter and settlement docs to you.
Purchase of Commercial Property

$1297.00

+ GST per Property
  • Review Contract of Sale and Draft Conditions
  • Provide Advice on Contract
  • Critical Dates i.e. Finance, Building & Pest, Due Diligence, etc
  • Adjust for Rates, Water, Land Tax, Levies, etc.
  • Work with Financier to provide documentation, then book in Settlement
  • Attend Settlement & Pay out Agent and Authorities
  • Forward final letter and settlement docs to you for your tax return.
Purchase of Off-the-Plan Property

$1497.00

+ GST per Property
  • Review Contract of Sale and Disclosure Document and Draft Conditions
  • Provide Advice on Contract and Disclosure
  • Critical Dates i.e. Finance and Due Diligence, etc
  • Adjust for Rates, Water, Land Tax, Levies, etc.
  • Work with Financier to provide documentation, then book in Settlement
  • Attend Settlement & Pay out Agent and Authorities
  • Forward final letter and settlement docs to you for your tax return.
Sale of Residential Property & Purchase of Another Property

$1597.00

+ GST per Property
  • Sale of Residential Property Package plus
  • Purchase of Residential Property Package plus
  • Draft special conditions to ensure Purchase Contract is subject to the Sale Contract proceeding
  • Advice on Critical Dates and managing any extensions across both transactions
  • Arrange for Settlement funds from Sale to be paid directly to the Purchase transaction
  • Work with solicitors on both transactions to book in one simultaneous settlement date and time
  • Attend Settlement & Pay out Agent, Loans and Authorities
All prices are GST exclusive. If you require any searches or other disbursements, we will advise and add these as necessary.
Virtual Legal

Buying Property (Conveyancing) Frequently Asked Questions

Contract advice from signing to settlement for residential, commercial, off-the-plan, vacant land, units and townhouses.

There are several critical searches we strongly recommend you do including the title search and plan image (to check you have the right property); contaminated land search; main roads search (to check they’re not widening the road and taking part of your property soon); and land tax which cost around $200 all up. Then there is the rates and water searches, and the cost of these will depend mostly on the area you’re purchasing in the charges differ from Council to Council. So on average, searches cost around the $650 mark.
If you do not have a simultaneous transaction (i.e. you’re not also selling or refinancing another property) then the only likely delay in your transaction will be your Bank arranging your loan for this property, and the Seller having their mortgage/s released. The standard time is 30 days in Queensland contracts and this tends to be more around the 45-60 days in other States. We can work as quickly as you need us to, so if you have to settle the property sooner than anticipated we’ll try to push things along with the other side and your financier.
We recommend insuring the property immediately. In Queensland, the risk of the property passes to you the day after Contract Date i.e. when you both sign/exchange contracts, which means even though you don’t yet legally own the property – if it burns down a week later, the Buyer has to rebuild it for the Seller. In other States, you may still want to insure the property from Contract Date in case the Seller isn’t insured – it may be easier to rely on your insurance rather than have the Seller terminate the contract if something goes wrong.
The position on what duties are payable depends on the State in which you’re transferring property, and also the situation of the transfer i.e. if you have had a property settlement with an ex-partner or spouse, then you may be able to avoid payment of duty so long as you have the correct documentation prepared. In some states, where you are transferring to your spouse, you may fall under an exception and avoid duty, but there will be strict conditions around this. Generally where you are transferring to a family member and it is not part of administration of an estate, you will have to pay duty on the value of the property, even where no money is changing hands.
No, we can manage the entire transaction working with you via telephone, email and teleconference/webcam if you would like to have a face-to-face meeting. This saves you time, and also saves money not having to pay for inner city parking. You can just post any original documents to Level 54, 111 Eagle Street, Brisbane QLD 4000, email us at admin@virtuallegal.com.au or call on 1300 550 150.
Yes, we will provide you with the Buyers Searches List so that you can see all of the searches that we may be able to do for you and let us know what you and your builder need. We don’t charge extra for ordering additional searches and there is no margin for us on the searches – we just send the direct cost to you, once you’ve approved the purchase.
We’ll need a copy of your identification i.e. Driver’s License and Passport if possible, plus your address, email and phone number, to set up our electronic file. Once the Contract is provided by the Agent, we’ll review it to make sure the property disclosures are made and any special conditions to make sure your rights are protected. We’ll also do some preliminary searches to see what may need to go into the Contract and that you are buying the correct property!

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Virtual Legal is a fixed fee online law firm using state of the art technology to provide you with legal solutions and manage your legal transactions. Virtual Legal was created to provide access to legal services to consumers regardless of where they live or what they earn.