Property Calendar
It takes weeks to buy or sell a house. Get a better understanding of the whole process with our property calendar. Use it to plan ahead and make sure you you’re ready for each different stage.
Determine your budget
1 - 3 WEEKS
Find out your borrowing potential
See your bank or financial advisor to find how much you can borrow.
Set a budget of what you’re able to spend
Set a budget that factors in your salary, expenses, and mortgage repayments.
Get a loan pre-approval
Get Pre-approval and diarise any expiry date (i.e. 3 - 6 months).
Find your property
8 - 12 WEEKS
Find a home you want to buy
Looking for a home can be exciting. For most people, it takes 8 - 12 weeks.
Due diligence
Perform due diligence including inspecting the physical condition, location and amenities.
Comparing properties
Contact Conveyancing.com.au for a free Property Report powered by Landchecker to learn more about the property.
Contact Conveyancing.com.au
1 - 2 DAYS
Contact us
Choose Conveyancing.com.au to support you with your conveyancing. We offer a digital, simple and trusted conveyancing experience.
Contract Review
Have one of our legal team look over your contract to ensure it is fair and accurate so you don’t encounter issues later.
Consider Building & Pest Inspections
1 - 2 DAYS
Arrange a building inspection
Check for mould, pests, and other structural issues with Rapid Building Inspections.
Make an offer
1 - 2 DAYS
Make an offer
Found the right property? Consider any recommendations made by our legal team from your contract review and make an offer to the seller.
Sign and exchange contracts
1 - 2 DAYS
Sign and exchange contracts
Both the buyer and seller sign the contract and complete ‘exchange’ by ensuring all parties hold a signed copy.
Pay deposit
You may be requested to pay a holding deposit (usually around 0.25% of the offered price). Depending on the offer you may also agree to an upfront deposit (e.g. 5 - 10%).
Conveyancing
4 - 8 WEEKS
Conveyancing
The settlement period is negotiable, but commonly takes 4 - 8 weeks. In that time your lawyer will be handling all your legal work and representing you to the bank, sellers, and real estate agents.
During this time, we will:
- Verify your identity and sign the legal paperwork to transfer the property to your name.
- Perform searches on the property, contacting local government and authorities.
- Adjust rates and outgoings between the buyer and seller.
Organise your finances
4 - 8 WEEKS
Get a loan pre-approval
Apply for formal finance approval and sign loan documents in preparation for settlement.
Insure the property
Make sure your new investment is insured and safe. Provide evidence of the insurance to your lender.
Settlement
1 DAY
Settlement Day
Our legal team will finalise all the paperwork for your purchase.
Government departments notified
Your lawyer will file the last of the paperwork for you.
Simultaneous settlement
It is very much achievable. Please talk to us if you are selling.
