Time to read: 2 mins
It can seem like the list of things and support required when buying or selling a home is endless… But the process is very simple.
Conveyancing is one of those essential steps and is the legal process of buying and selling land. It is the process of transferring ownership of a legal title of land from the original owner to the new owner and you should engage a conveyancer as soon as possible.
You will need a conveyancer when you:
- Buy or sell your property
- Subdivide land
- Update a title (in the case of death)
- Or register, change or remove an easement.
A conveyancer can:
- Prepare and translate legal documentation
- Research the property and certificate of title
- Check for other information you need
- Transfer your deposit into a trust account
- Calculate total rates and taxes
- Complete your property settlement
- Represent you through the process with other parties.
As with any person you interact with during the sale or purchase of a property, you must do your due diligence.
It is best to speak with several conveyancers, and ask your friends and family for recommendations – as well as your real estate agent.
Some questions to ask any prospective conveyancers:
- Are they a member of the Australian Institute of Conveyancers?
- Do they have a specialty?
- What are their fees? Are they standard, set, or variable?
- How long will the process take? And how will they communicate with you?
When going through this process, taking the right steps and not rushing through will ensure a smooth and beneficial sale, or purchase.