Trusted Perth Settlements
Residential and Commercial
Metro and Regional Western Australia
Trusted Perth Settlements
Residential and Commercial
Metro and Regional Western Australia
Q&A's
Is a Final Inspection Really Necessary?
The purpose of a final inspection is to confirm the property is in the same condition as at the time you signed the Contract of Sale. If the final inspection is not to your satisfaction, its best to contact us immediately. In cases where the Settlements can not be delayed, this allows us time to put the vendors agent/representative on notice that claims against their client will be made.
Be aware that If you do not complete your final inspection prior to settlement and then you discover after taking possession of the property that chattels are missing or the property has been damaged, it may be difficult for any claim to be made against the vendor.
Be aware that If you do not complete your final inspection prior to settlement and then you discover after taking possession of the property that chattels are missing or the property has been damaged, it may be difficult for any claim to be made against the vendor.
What happens when a Mortgage is Discharged?
Because mortgages are generally not transferable. This means that when your property is sold, the Mortgage or Mortgages together with any other charges, liens or caveats are discharged or paid off.
On completion of the Mortgage Discharge, the mortgage will then be paid out at settlement from the settlement funds and any balance left over will be paid to you as directed.
A Mortgage Discharge document can be forwarded to you from Insight Settlements if required - in some cases you may have to apply to your bank directly.
You must complete and sign the Mortgage Discharge and return it to us without delay.
Banks generally won't proceed to settlement without the completed Mortgage Discharge Authority.
On completion of the Mortgage Discharge, the mortgage will then be paid out at settlement from the settlement funds and any balance left over will be paid to you as directed.
A Mortgage Discharge document can be forwarded to you from Insight Settlements if required - in some cases you may have to apply to your bank directly.
You must complete and sign the Mortgage Discharge and return it to us without delay.
Banks generally won't proceed to settlement without the completed Mortgage Discharge Authority.
What are Discharge Fees & Taxes?
Any Mortgage, Caveat or Charge registered against your property is required to be discharged at settlement. The fees associated with the removal of these encumbrances are payable by the Vendor.
State Land Taxes
Be aware of the potential tax liability associated with your sale. For example unless the property is used as your principal residence, you may be taxed on any profits made by you on the resale of such property.
If you intend to sell within 12 months of a purchase, or if you believe you might be affected by any Capital Gains Taxes, you should contact the Tax Office or your Accountant.
State Land Taxes
Be aware of the potential tax liability associated with your sale. For example unless the property is used as your principal residence, you may be taxed on any profits made by you on the resale of such property.
If you intend to sell within 12 months of a purchase, or if you believe you might be affected by any Capital Gains Taxes, you should contact the Tax Office or your Accountant.
Why Verification of Identity (VOI)
Following fraudulent sales of property in Western Australia, Landgate have put into place various security requirements to help protect owners from sale of their property without their knowledge.
These regulations include the requirement of a verification of identity to be registered with the Transfer of Land Document and any other documents registered at Landgate. Therefore, prior to settlement, we are required to identify you and complete a Verification of Identity (VOI).
To complete this process, each Registered Proprietor will need to physically call into our office and bring their original identity documents with the total point value of 100. This means these documents must reflect the same name ( correct spelling and order of names ) as indicated on the Certificate of Title.
Providing an Australian Passport and a current Australian Drivers Licence are advised. If the name on the Certificate of Title differs from that shown on the Identity documents, a Statutory Declaration and accompanying original documentation ie Marriage Certificate/Change of name Licence/Divorce Papers will be required for lodgement at Landgate.
These regulations include the requirement of a verification of identity to be registered with the Transfer of Land Document and any other documents registered at Landgate. Therefore, prior to settlement, we are required to identify you and complete a Verification of Identity (VOI).
To complete this process, each Registered Proprietor will need to physically call into our office and bring their original identity documents with the total point value of 100. This means these documents must reflect the same name ( correct spelling and order of names ) as indicated on the Certificate of Title.
Providing an Australian Passport and a current Australian Drivers Licence are advised. If the name on the Certificate of Title differs from that shown on the Identity documents, a Statutory Declaration and accompanying original documentation ie Marriage Certificate/Change of name Licence/Divorce Papers will be required for lodgement at Landgate.
Where can I get Verification?
1. You call into our office with your original identity documents, we are able to complete the Verification of Identity for you.
2. If you are unable to physically call into our office for identification – we can arrange a home visit depending on time and your location.
3. The Verification Certificate can be completed at most Aust Post Offices – They are eligible to perform a VOI for a small fee - Contact us and we can email you the form to complete.
2. If you are unable to physically call into our office for identification – we can arrange a home visit depending on time and your location.
3. The Verification Certificate can be completed at most Aust Post Offices – They are eligible to perform a VOI for a small fee - Contact us and we can email you the form to complete.
How do we Structure our Settlement Fees?
Its important to understand that - No two settlements are the same as there are many variables that can impact on the settlement process.
Settlement fee covers all of the services usually required to complete settlement under REIWA’s standard contract, and includes postage, photocopying, telephone calls, faxes and settlement attendance.
Our fees do not include Disbursements – Government, Bank and Strata fees – which you are liable to pay for at cost.
Settlement fee covers all of the services usually required to complete settlement under REIWA’s standard contract, and includes postage, photocopying, telephone calls, faxes and settlement attendance.
Our fees do not include Disbursements – Government, Bank and Strata fees – which you are liable to pay for at cost.
Why we don’t compete with ‘Fixed Lowest Quotes’
Like many professional services, often the cheapest ‘Fixed Lowest Quotes’ will reveal hidden charges 99% of the time - We always advise you to READ THEIR FINE PRINT CAREFULLY because of the very nature of conveyancing.
At Insight Settlements we take this responsibility very seriously - We are 100% committed to providing clients with the best service with NO HIDDEN charges.
Shae Hogan - Proprietor Insight Settlements
At Insight Settlements we take this responsibility very seriously - We are 100% committed to providing clients with the best service with NO HIDDEN charges.
Shae Hogan - Proprietor Insight Settlements
Our Service Guarantee
Choosing the right conveyancing service to ensure a smooth settlement is paramount.
Since industry deregulation, many providers require high business volume due to their low pricing model, which will impact directly on their ability to provide quality service.
We provide quality service, sound advice and peace of mind!
We cap the amount of settlements we process each month so we can ensure we meet quality service levels.
Shae Hogan
Proprietor Insight Settlements
Shae Hogan - Proprietor
Professional Settlements
Providing Peace of Mind
Shae is a licensed Conveyancer with over 28 years experience in Property Settlements and Conveyancing across Western Australia.
T 08 9380 9039
M 0412 193 584
E ShaeMail
PO BOX 7270 Shenton Park WA 6008
Licensee
Shae Hogan
ABN 686 1529 7417
Trading as Insight Settlements
Fully Independent Services
No financial affiliation with any real estate companies.
CONTACT
T 08 9380 9039
M 0412 193 584
shae@insightsettlements.com.au
© INSIGHT SETTLEMENTS 2018