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.
If you own land and are thinking about subdividing it so that you can sell, build on, or rent the different lots, we can help you prepare your Application to Landgate.
Have you misplaced your original property Title? No need to panic. We can deal with Landgate and get you a replacement in no time.
Change of Name
Need to change your name in your property Title? Let us take all the hassle away and handle the required paperwork for you.
In the event of a relative or friend passing away, if they owned or part-owned a property, their name would need to be removed from the property Title. In such a difficult time, we can help you sort out all the paperwork required to transfer the ownership of the property.
When a property is owned by two people, and they decide to go separate ways, a Court can make an ‘Order’ which allows one or more properties to be transferred from joint into sole names. Thus, we can help transfer a shared property into one person’s name with nominal stamp duty.