What is conveyancing?
Conveyancing is the transfer of ownership of the property. In most situations you are encouraged to appoint either a solicitor or a conveyancer to handle this for you.
Why do I need conveyancing?
You are able to act on your own behalf when purchasing property; however, the documentation and settlement process can be very daunting and complicated. Since you are dealing with legal documents and legislation, in most situations you are encouraged to appoint either a solicitor or a conveyancer who can handle this for you.
How do I choose my conveyancer?
When you are looking to appoint a conveyancer, some things to consider are:
- Can they provide the level of service you're after?
- Are they local or easily accessible?
- Can you clearly and effectively communicate with them and vice versa?
- Will they explain the process to you? If you are a first time buyer, it is important to select someone who will take the time to explain the process to you without jumping ahead or assuming knowledge.
What does a conveyancer do?
Once you have appointed your conveyancer, their duties include:
- Checking the Contract of Sale
- Liaising between yourself and the lender's solicitor
- Performing title searches
- Acting as your legal representative for the transaction
- Checking if there are any rates outstanding on the property (e.g. water, council, etc.)
- Checking contracts for adverse clauses
- Checking over your loan documents, although not all conveyancers will do this
How much does a conveyancer cost?
Solicitor or conveyancers charges vary from state to state and in accordance with the amount of time and work required so be sure to enquire about fees before agreeing to appoint anyone.
Can LJ Hooker help me with conveyancing?
Yes - we have an independent incorporated legal practice trading as LJ Hooker Conveyancing in both NSW and Victoria, and LJ Hooker Settlements in WA.