When it comes to buying or selling a property, a good conveyancer is worth their weight in gold.
A conveyancer is responsible for handling the legalities of purchasing or selling a property and protecting your rights throughout the process. We deal with the nitty-gritty issues like preparing the paperwork, undertaking important property checks, and overseeing the emails, calls and letters to other parties involved in the transaction. We cut through the legal jargon and take the stress out of buying or selling a home.
It’s recommended you use a conveyancer when:
- buying or selling land
- updating a title (e.g if someone on the title dies)
- subdividing land
- registering, changing or removing an easement (a right to use the land)
Conveyancing process for sellers
Selling your house can be a stressful and emotional time. Any mistakes in your disclosures or contract can compromise your sale and create expensive corrections down the track. As a seller your conveyancer will:
- Prepare the Contract of Sale and Vendor Disclosure Statement
- Make sure all your special requirements and conditions are included in the final contract
- Handling any queries from the buyer or buyer’s solicitors/conveyancers
- Complete legal documents
- Represent you in dealings with the buyer – e.g. request to extend dates, ask title questions etc.
- Act on your behalf at settlement
Conveyancing process for buyers
Found the property of your dreams? Before you sign on the dotted line, it’s vital you understand the Contract of Sale, all of your legal obligations and the potential risks involved. Your conveyancer will:
- Review the Contract of Sale and explain to you the various clauses and raise any red flags so you can make an informed decision whether to proceed with the purchase
- Prepare, clarify and lodge legal documents – e.g. Contract of Sale and memorandum of transfer
- Research the property and its certificate of title – e.g. check for easements, type of title
- Put the deposit money in a trust account
- Calculate the adjustment of rates and taxes
- Settle the property – act on your behalf, advise when the property is settled, contact your bank or financial institution when final payments are being made
What to expect on property settlement day
You’ve finally found and secured the perfect property or found the perfect buyer. Now it’s time for settlement day – the day the buyer assumes legal ownership!
Your conveyancer will coordinate the settlement with all involved parties where the final documents of the sale will be signed and exchanged. The balance of the purchase price is also paid to the seller. Neither the buyer nor the seller needs to be present on the day. Once the settlement is finalised the buyer receives the keys.
If you’re looking for a trusted conveyancing partner in Victoria, New South Wales or Queensland, get in touch with our team!