Settlements

Frequently asked questions

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In addition to the purchase price of the property there will be other expenses involved that you need to be aware of such as:

  • Fees and charges payable for obtaining a loan, if finance is required (payable directly to your lender).
  • Stamp duty.
  • Landgate fees for registering you as new owner of the property.
  • ASIC search fee (if any party, including you, is a company). This is to find out full details of the company to ensure it is not in liquidation or administration, etc.
  • A share of any rates and taxes paid by the seller on the property to the extent they relate to a period after settlement. If the seller has pay land tax, however, you will not be liable for a share of this.
  • Our professional fees for the settlement.
  • PEXA fee. (PEXA is the electronic platform under which most settlements are now conducted in WA).

We will provide you with a detailed statement of all the expenses that are incurred at settlement that are payable to us or which we pay on your behalf.

Category: Buyer

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