Whether you’re buying or selling property in Perth, understanding the property settlement process in Western Australia is crucial. A smooth property transaction depends on accurate paperwork, legal compliance, and clear communication between all parties involved. At Rothschild Group, we specialise in simplifying this process for our clients.
In this guide, we break down the step-by-step process of property settlement in Perth, helping you feel informed and confident from start to finish.
What is Property Settlement?
Property settlement is the legal process of transferring ownership of real estate from the seller to the buyer. In Western Australia (WA), this is typically handled by a licensed settlement agent or conveyancer, such as the experienced team at Rothschild Group.
Step-by-Step Guide to Property Settlement in Perth
Contract Acceptance
Once both parties sign the Offer and Acceptance (O&A) contract, the terms become legally binding. This includes the purchase price, finance clauses, building inspections, and settlement date.
✅ Tip: Engage a settlement agent early to review contract terms and flag potential issues.
Satisfying Conditions
If your contract is subject to conditions (e.g. finance approval or building inspection), these must be met within the specified timeframe. Failing to do so can result in the contract becoming void.
Title Search and Due Diligence
Your settlement agent will conduct a title search to confirm legal ownership, ensure no encumbrances exist, and verify property boundaries.
Liaising With Banks and Lenders
If you’re financing the property, your conveyancer will liaise with your lender to arrange funds and ensure the mortgage is registered correctly.
Document Preparation and Verification
All legal documents required for transfer of land and payment of stamp duty (transfer duty) are prepared. These must be signed, verified, and submitted before settlement can proceed.
Calculating Adjustments
Your settlement agent will calculate adjustments for council rates, water usage, and other applicable costs, ensuring both parties pay only their share.
Final Inspection
Buyers are entitled to a final inspection of the property to ensure it’s in the agreed condition prior to settlement.
Settlement Day
On the agreed settlement date, your agent will exchange funds and lodge the required documents with Landgate to formally transfer ownership.
✅ After successful settlement, you or your agent will be notified, and you can collect the keys to your new property.
Why Choose Rothschild Group for Property Settlement in Perth?
✅ Licensed & Experienced Conveyancers
✅ Clear Communication Throughout
✅ Competitive, Transparent Fees
✅ Fast Turnaround & Compliance Focused
At Rothschild Group, we understand how stressful buying or selling property can be. Our goal is to simplify the process, protect your interests, and ensure a seamless property transfer in accordance with WA laws.
Need Help with Property Settlement in Perth?
Contact Rothschild Group today for a free consultation with one of our experienced settlement agents in Perth. We’ll guide you through the entire process — professionally, efficiently, and with your best interest in mind.
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