Introduction

When selling a property in Victoria, one of the essential documents you’ll need is the Section 32 vendor statement. This legally required document provides prospective buyers with crucial information about the property, ensuring they have all the facts before making a purchase. Typically, preparing a Section 32 can involve various costs, but at Melbourne Central Conveyancing, we’re here to change that. We offer the Section 32 vendor statement completely free of charge! In this blog, we’ll explain what a Section 32 is, why it’s essential, and how you can save money by taking advantage of our free service.

What Is a Section 32?

The Section 32 vendor statement is a legally required document in Victoria, named after Section 32 of the Sale of Land Act 1962. It is provided by the seller to the buyer before any contract of sale is signed, and it contains vital information about the property. This includes details such as title information, zoning restrictions, easements, covenants, and outgoings like council rates and land tax.
The purpose of the Section 32 is to ensure that buyers are fully informed about the property’s legal standing and any potential obligations or restrictions before they commit to purchasing. Providing a complete and accurate Section 32 is not only a legal obligation but also crucial to facilitating a smooth property transaction.

Why Is Section 32 Usually Costly?

Traditionally, preparing a Section 32 vendor statement can incur significant costs. These costs typically include:

a. Conveyancer or Lawyer Fees

Conveyancers and lawyers usually charge for their services to compile the Section 32. These professionals ensure that all legal requirements are met and that the document is accurate and complete.

• Conveyancers generally charge between $400 to $1,000.
• Lawyers may charge between $800 and $2,000, depending on the complexity of the transaction.

b. Property Searches

To prepare a comprehensive Section 32, several property searches are necessary. These searches gather information such as title details, zoning regulations, and any easements or covenants.

• The costs of these searches typically range from $200 to $500.

c. Additional Costs

There are often additional costs, such as fees for obtaining information from the Owners Corporation if the property is part of a unit development, or charges for updating outdated documents.

Why Melbourne Central Conveyancing Offers Section 32 for Free

At Melbourne Central Conveyancing, we understand that selling a property can be a stressful and expensive process. That’s why we’re committed to making it easier and more affordable for you by offering the Section 32 vendor statement at no cost.
By providing this service for free, we aim to:

• Reduce Your Selling Costs: Selling a property comes with enough expenses. By offering the Section 32 for free, we help you keep more of your money in your pocket.
• Simplify the Process: We streamline the preparation of your Section 32, ensuring it’s accurate, complete, and ready when you need it.
• Provide Value: We believe in delivering exceptional value to our clients, and offering a free Section 32 is one way we show our commitment to your satisfaction.

What’s Included in Our Free Section 32 Service?

When you choose Melbourne Central Conveyancing for your property transaction, our free Section 32 vendor statement service includes:

• Title Information: We gather and verify all title details to ensure the legal ownership of the property is clear and undisputed.
• Zoning Information: We include accurate zoning details to confirm that the property’s use aligns with your expectations and the buyer’s intentions.
• Easements and Covenants: We disclose any easements or covenants that may affect the property, ensuring full transparency.
• Outgoings: We compile all necessary information on council rates, water rates, land tax, and other outgoings.
• Building Permits and Warranty Insurance: If applicable, we include details of any building work carried out in the last seven years, along with the relevant permits and insurance.

How to Take Advantage of Our Free Section 32

Getting started with our free Section 32 vendor statement service is simple:

a. Contact Us:

Reach out to us via phone, email, or our website to let us know you’re interested in our free Section 32 service.

b. Provide Property Details:

We’ll ask you for some basic information about your property to get started.

c. We Handle the Rest:

Our team of experienced conveyancers and legal professionals will prepare your Section 32, ensuring it meets all legal requirements and is ready for prospective buyers.

Why Choose Melbourne Central Conveyancing?

Choosing Melbourne Central Conveyancing means you’re partnering with a team dedicated to making your property sale as smooth and affordable as possible. By offering the Section 32 vendor statement for free, we remove one of the financial burdens associated with selling property, giving you peace of mind and more resources to focus on other aspects of your sale.