If you are considering buying, selling or transferring property to a family member, there is a cheaper way to do it. This is often referred to as a Non-contract Transfer and it is the legal way to buy and sell between family members.
We advise that you speak to one of our experienced conveyancers before doing anything. They can provide all family members with advice on what to do in regards to transferring property.
We are legally able to provide advice for all parties involved in the transaction.
Even if you buying from a family member, you may still wish to obtain a pest and building report. We can organise this for you.
Are you borrowing to buy? If there are mortgages involved, East Coast will talk to the lenders involved which will make it easier for everyone at settlement.
Our team will prepare all the necessary paperwork and advise you on stamp duty if there is any requirement to pay.
At settlement, we will make sure all the correct paperwork is completed and the correct money is paid to the “selling” family member.