Buying or Selling Property

The Settlement Process

Settlement is the legal transfer of the ownership of land or buildings from one person to another. A property settlement has a strict process that has to be adhered to, involving a significant amount of legal and administrative work. There is a lot to organise and co-ordinate, including legal matters, financial arrangements and regulations to comply with.

A Settlement Agent assists you with all these requirements, making sure that everything is dealt with smoothly and quickly. Settlement Agents can act on behalf of the Seller or Buyer to ensure the property Title and the land it sits on is legally transferred to the new owner.

Whether you are a Seller or a Buyer, at WA Settlement Services, we follow a thorough process when you appoint us to act on your behalf. This involves:

• Assisting (if required) in the preparation of the Offer and Acceptance.
• Obtaining a Title search from Landgate to confirm the Registered Proprietor of the property and check for encumbrance.
• Carrying out rate enquiries with the local authorities and Government Departments to ensure rates are adjusted correctly and any outstanding amounts are paid.
• Liaising with financiers to arrange for mortgages to be discharged and for funds to be handed over at Settlement.
• Making sure that all conditions of the Contract are fulfilled, that the deposit is paid and that the property is sold free from encumbrances.
• Keeping in touch with your broker and Real Estate Agent along the way to ensure that everything runs smoothly.