We were fortunate. My sister in-law had worked with a competent and trustworthy solicitor in a firm for 12 years, so he came highly recommended. We didn't bother looking for another for comparison.
He's fairly old school, a man with years of experience who seems to still enjoy doing what he does without the frills and hype. This suits us just fine, we're not frilly and fancy people either.
He has a very methodical approach in our meetings and is well paced in explaining what each documentation is and why it is included. He did confirm that when he and the sister-in-law worked together, they were 'punctilious' in handling their cases. Nice word, consider this the word of the day.
So far, he has gone through the land sales contract with us, we completed the Exemption from Stamp Duty paperwork for the OSR, handed over a nominal cheque to cover Stamp duty because our land cost more than $300K, and signed the large documentation of settlement and mortgage paperwork delivered by our lender.
We are waiting on one amendment to the lender documents that will still need to be inserted and once our solicitor works out all the Landcom rate fees and the 'gap' we have to pay by Thursady 22nd July to cover the valuation coming in lower than the purchase price, everything at this stage, looks good.
Because we received the build tender later than we liked, we will settle on the land first. D-day for us is Friday 24th July 2007.
According to our lender, we should be able to extend this land loan to cover the cost of the build. Our lender should be confirming this increase any day now.
I hope so.
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