Business Services

Preparing to Purchase or Sell a Property? The Essentials of Conveyancing in the Process

If you are looking to purchase or sell a property, you will require to hire conveyancing Canada Bay agencies have to offer. Such companies have licenced professionals who offer advice and information, prepare your documentation and, finally, help you with the settlement of the transfer process.

While not required, a conveyancer can be a solicitor. Before hiring the services of a conveyancer, it helps to arm yourself with some bit of information.

Understanding conveyancing

Transferring property from one party to another is legally known as “conveyancing”. In Australia, it is recommended that you hire the services of a conveyancer as soon as you decide to buy or sell. This professional understands and will help you navigated the complicated laws around property ownership.

Services offered

Buying and selling property involves several interrelated procedures. A conveyancer comes in and helps you with several processes, including:

  • Preparation and clarification of the documentation required for the exchange
  • Research on the properties and the title certificates
  • Checking for information such as easements that you should be aware of
  • Placing your deposit in a trust account
  • Calculation of the rates and taxes to be incurred in the property transfer process
  • Property settlement
  • Representing your interests when you are negotiating with a vendor or real estate agent

While the list of things the conveyancer can do for you seems short, there are plenty of other things in the sale or purchase process they can help you sort out, such as matters surrounding estates of a deceased. It is possible to get general instructions on the conveyance process, but you should be aware that each territory and state has different requirements.

In addition, you are likely to make oversights or mistakes that will cost you big in the future. For example, you run the risk of losing the property and even forfeiting your 10 per cent deposit. If you enlist conveyancing Canada Bay agencies have to offer, you are covered by professional indemnity insurance in case they make a mistake.

How to find a conveyancer

Make sure that you interview several conveyancers before you finally settle on one to oversee your property transfer process. Consider getting contacts from family or friends who have worked with a good conveyancer before. If none are forthcoming with information, online research can help you narrow down your list to candidates with good reviews. Alternatively, ask for recommendations from your lawyer, accountant, and local estate agent.

Once you have a list of prospective conveyancers, call and ask them:

  • Whether they are registered or licensed in your state
  • If they have professional indemnity insurance and if it is current
  • For contacts of clients they have helped before
  • The types of properties they specialise in
  • Their costs, fees, and any other costs related to the transfer and their services

The tasks carried out by a conveyancing Canada Bay professional can be complicated should you decide to complete them on your own. Hiring a conveyancer ensures that the process is streamlined, from the financial obligations to the administrative duties.

All Districts Conveyancing is an experienced company in the transfer of properties. They have the knowledge and understanding required to help you enjoy the process of selling your existing home or buying a new one.

Jerry Salter
Jerry Salter
Proud alcohol enthusiast. Food nerd. Lifelong tv practitioner. Pop culture fanatic.