Who chooses the attorney who will handle the transfer?
The seller chooses the transferring attorney.
Who is responsible for the payment of the cost of the transfer?
The purchaser.
Who is responsible for payment of Transfer Duty?
The seller is responsible for payment of estate agent commission.
Who must pay the commission to the estate agent?
The seller is responsible for payment of the estate agent commission.
If there is a bond registered over the property, who will be responsible for the bond cancellation cost?
The seller will be responsible for bond cancellation cost.
If there is a bond to be registered who pays that cost?
The purchaser is responsible for that cost.
How many attorneys are involved in the transaction where there is a bond to be cancelled and a bond to be registered?
Usually 3 attorneys, the transferring attorneys, the bond registration and the bond cancellation attorneys.
When final payment on a bond is made, does that mean that the bond will be automatically cancelled at the deeds office?
No, a formal application must be submitted for the cancellation of the bond.
Are all attorneys conveyancers?
No only attorneys who completed their conveyancing exams and was admitted at court as conveyancers.
How long does it take to complete the transfer of a property?
It can take any time from 3 weeks to months, depending on the complexity of the transfer and obtaining all documents.