Landgate is the land registry for all properties in Western Australia. When undertaking your settlement, there are fees that Landgate requires you to pay. These cover things like registering a transfer of ownership, a change of interest, and other types of land transactions. We can help you understand your Landgate obligations, and ensure they’re managed along with your settlement.
The Office of State Revenue, OSR, or Revenue WA, is the government department responsible for assessing stamp duty you pay when buying or receiving an interest in a property. They also manage any necessary land tax, and the First Home Owner’s Grant. Dealing with the OSR can be confusing—we’ve got you covered.
Real estate agents usually charge a commission when selling a property, or when you engage them to find you a property. You need to liaise with your real estate agent to confirm any fees you’ll be required to pay at settlement.
When selling your property, your real estate agent will manage all the different marketing activities to get your property in front of the right buyers: all the different activities like organising a signboard, property photos, and advertising. This will incur a price. RWS Settlements will liaise with both you and your real estate agent to confirm these fees before settlement.
In 2019 the Western Australia Government introduced electronic conveyancing for most types of real estate property transactions. This means that you can now complete your settlement online via the secure settlement platform Property Exchange Australia (PEXA). This makes it faster, more efficient, and more convenient to settle your property. At RWS Settlements, we enable you to make the most of this service, and offer electronic conveyancing, an online settlement portal, and regular video calls to support you, wherever you are in WA.
When selling a property, the contract for sale defines the terms of your settlement. Any fees or outgoings that the seller has already paid for, past the settlement date, will be credited back to the seller. Or vice versa: if the seller hasn’t paid any of these outgoings, they will credit their share to the buyer, up to the settlement date.
At RWS Settlements, we ensure that the necessary adjustments are made, to ensure a smoother, easier sale.
Buying a property does not have to be stressful. Let RWS Settlements handle the settlement of your purchase, so that we can provide you with exceptional service and achieve the best outcome for you.
Click on the link below to obtain a no obligation quote estimate for your purchase:
If you have any questions or would like to discuss your purchase further, please do not hesitate to contact us to speak to a licensed settlement agent today.
