Understanding the Section 32 Vendor's Statement
Every property sale in Victoria requires the vendor to provide a Section 32 Vendor's Statement. This document contains critical information about the property, including title details, planning restrictions, outgoings, and any registered easements or covenants. For Mornington Peninsula properties, this document often reveals Green Wedge zoning restrictions, coastal management overlays, or bushfire attack level ratings that significantly impact what you can do with the land.
We review every Section 32 in detail. We explain what each restriction means in plain language and advise whether the property suits your intended use. If you're planning renovations or extensions, we identify any planning hurdles before you commit to the purchase.
The Conveyancing Process From Contract to Settlement
Once you've signed a contract, property settlement on the Mornington Peninsula typically occurs within 30, 60, or 90 days. During this period, we handle title searches, liaise with your lender, calculate settlement adjustments for rates and utilities, and coordinate with the vendor's representatives.
We use PEXA for electronic settlement, which means your property transfer and mortgage registration happen simultaneously. On settlement day, we ensure funds transfer correctly and the title registers in your name. You receive confirmation the moment settlement completes.
Coordinating With Your Lender
Bank coordination causes stress for many first home buyers. Lenders have strict documentation requirements and tight deadlines. We liaise directly with your bank's settlements team throughout the process. If issues arise, we address them immediately rather than waiting for settlement day surprises.
Our Fixed Fee Structure
Our conveyancing fee is $1,320 plus disbursements. Disbursements cover third-party costs like title searches, PEXA fees, and registration charges. We provide a full disbursement estimate before you engage us, so you know the total cost upfront. No hidden fees. No percentage-based charges that increase with your property price.
Why Qualified Solicitors Matter
Licensed conveyancers can handle straightforward transactions, but they cannot provide legal advice. As qualified solicitors, we can advise on contract terms, unusual clauses, and potential legal issues. If your purchase involves complex matters, we have the full resources of Sutton Laurence King Lawyers behind us. You get direct solicitor contact throughout your matter. No call centres, no offshore processing, no chasing for updates.
