Selling Up? 3 Conveyancing Traps That Can Delay Your Settlement (And How We Help You Avoid Them) - Shepparton Conveyancing Services

Selling property in Victoria should be a rewarding experience, especially for seasoned investors or repeat sellers. You know the market, you know the process—but even the most experienced seller can be caught off guard by specific conveyancing issues that lead to stressful, costly delays.

At Shepparton Conveyancing Services, we pride ourselves on getting the job done efficiently and perfectly. We know the value of a smooth, timely settlement. Here are three common conveyancing traps that can derail your sale, and how we act as your trusted partner to ensure they never impact your closing date.

The Section 32 Vendor’s Statement is the foundational document of your sale. It contains vital information about the property, including mortgages, council rates, easements, and building permits. It's often prepared before a buyer is even on the scene.

The Delay Risk

If the Section 32 is incomplete, contains errors, or omits crucial details, the buyer’s conveyancer can legally raise requisitions or, in some cases, even terminate the contract. This not only delays settlement but can send you back to square one.

The Shepparton Conveyancing Solution

We ensure your Section 32 is meticulously prepared and fully compliant with Victorian property law before your property goes to market. We proactively cross-reference all required certificates and documents, anticipating the buyer’s questions and ensuring a robust, legally sound statement. This upfront perfection minimises the chances of delays or disputes down the line.

Sometimes, the seller is unaware of an outstanding notice or compliance issue registered against the property—perhaps an unapproved fence height, a historical council query, or an unpaid water usage bill. These issues often surface only during the final searches conducted by the buyer's team.

The Delay Risk

If a compliance issue is found just weeks before settlement, it creates a sudden, urgent scramble. Resolving these requires time, paperwork, and potentially last-minute fees, which often forces a settlement extension until the matter is satisfied by the relevant authority.

The Shepparton Conveyancing Solution

As part of our efficient and reliable process, we conduct thorough checks on title particulars and certificates early in the transaction. We look beyond the surface, identifying potential "red flags" and contacting the necessary authorities on your behalf immediately. Our personal attendance to your needs means we manage any emerging compliance issues quickly, isolating the problem so you can stay focused on your move, knowing the settlement date is secure.

Victoria now operates largely under the PEXA electronic conveyancing platform. While designed to make the process smoother, any minor discrepancy in documentation—such as outdated identification details or an issue with the mortgagee's release—can cause the system to reject the final settlement lodgement.

The Delay Risk

A PEXA rejection on the day of settlement is a major issue, often leading to settlement being deferred for days or even a week until the digital error is manually corrected and re-lodged. This is a common source of frustration for experienced sellers who expected an easy digital close.

The Shepparton Conveyancing Solution

We make conveyancing easy, even in the complex digital space. Our team is highly experienced in the digital conveyancing process. We proactively verify all party details (including your bank/mortgagee) well in advance of the scheduled settlement. We handle the PEXA workspace preparation with precision, ensuring all signatures, conditions, and funds are ready and verified, providing a virtually seamless digital settlement experience.