Navigating the conveyancing process in Perth involves several key steps to ensure a seamless property transfer. Here’s a brief overview:

1. Buying or Selling Your Property: Your real estate agent handles listing, offers, and preparing the sale contract using the REIWA standard form. Once an offer is accepted, a contract is formed, subject to conditions like finance approval and inspections.

2. Nominating a Conveyancer: Both buyer and seller should nominate a conveyancer, lawyer, or settlement agent when signing the contract of sale to ensure compliance and timely payments.

3. Conveyancer Appointed: The real estate agent sends the contract copies to your conveyancer, who will then contact you and provide necessary appointment confirmation documents.

4. Unconditional Contract: When all contract conditions are met, the contract becomes unconditional, binding all parties to the agreed terms.

5. Agency Enquiries Made: The buyer’s conveyancer checks with local authorities and other relevant bodies to confirm the seller’s accounts and gather property details.

6. Preparation for Settlement: Your conveyancer prepares a settlement statement, adjusting rates and taxes based on ownership periods. The buyer conducts a final property inspection, and the conveyancer coordinates with financial institutions.

7. Settlement: All parties verify documentation and exchange it for payment. In electronic PEXA settlements, documents are pre-checked, and funds transfer in real-time.

8. Post-Settlement: Your conveyancer informs the agent, who arranges key handover to the buyer. A summary of fees, rates, and taxes paid up to the settlement date is provided.