Transfer Journey
Once you have bought your home it will need to go through a transfer journey which basically assigns it to the new owner and goes through a legislative process to become yours. Please see below for a basic outline of this process.
Conveyancer Assignment
The conveyancer recieves the deed of sale or offer to purchase.
Suspensive Conditions
The conveyancer waits for suspensive conditions to be met. (bond approval, subject to sale)
FICA Documentation
The conveyancer requests for FICA documentation from both the 'Seller' and 'Purchaser'.
Sign Transfer Docs
The conveyancer meets with the 'Seller' and the 'Purchaser' to sign the transfer documents.
Compliance Certificates
'Seller' or Agent gives instructions for issuing of compliance certificates. (electrical, plumbing, gas, etc)
Deeds Office
All transfer documents and clearance certificates are lodged at the relevant deeds office.
Examination Process
All documents undergo a 3-level examination process by the deeds office to ensure all documents conform with the applicable legislation.
Registration
Property is registered under the name of the 'Purchaser'.