What exactly does a conveyancer do?
Conveyancers make your life easier when buying or selling property. If you’re buying or selling real estate you’re probably ankle deep in paper work and vital documents. Luckily, there are people, conveyancers, who’s entire job is to make your life easier during the process of buying or selling. If this word sounds foreign to you, you’re not the only one; here are a few handy explanations about conveyancers and how they can help you.
What is conveyancing?
Conveyancing relates to the legal processes required to transfer ownership of real estate from one person to another. In other words, conveyancing is the process of settling a purchase or sale of real estate.
What is a conveyancer?
A good conveyancer helps you understands the legal jargon and red tape involved in buying or selling your home. They help you understand all the terms involved in things like settlement and title, and help to make the entire process smooth.
Managing and preparing reams of documents
If you’re buying or selling a property, you’re sure to have piles of documents waiting for you to sign and evaluate them. Your conveyancer will help you understand all the individual elements within these confusing documents.
Your conveyancer will also conduct title and planning searches relevant to your state or territory. You may also need some supplementary documents, which they’ll also prepare for you.
Luckily, the conveyancer will also manage the transfer documents to ensure the property is legally transferred to or from your legal name. This is a vital step to ensure the purchase, or sale, goes through completely.
Checking up on sneaky vendors
If you’re looking to buy real estate, your conveyancer looks out for you. They’ll review the contract and Vendor’s Statement to double check and see if there are any red flags or irregular clauses. They’ll make sure you understand everything in the Contract of Sale and protect you from any aspects you may not have noticed, before you sign on the dotted line.
In other words, your conveyancer will ensure you’re not getting taken advantage of, especially in the fine print.
Checking up on sneaky buyers
When you’re selling a property, a conveyancer prepares the Contract of Sale and Vendor’s Statement. They’ll make sure all the conditions you want are included in the contract. They’ll look after you to ensure you get exactly what you want when selling your property, including finalising the transfer in a timely manner so you can get your money sooner.
What are the exact processes a conveyancer does?
•Certificate of Title searches
•Searches of government departments and local authorities
•Advice on the effect of the contract
•Preparation and certification of legal documents
•Stamping of required documents
•Calculation of adjustments of rates and taxes
•Preparation of settlement statements
•Liaison with mortgagors and financiers; and
•Attendance at settlement.
A conveyancer has your back
When buying or selling a house, there can be many changes to laws, rates and restrictions you may not know about. A conveyancer will investigate and enquire about any outstanding rates, illegal buildings and any pending proposals that could affect your dream home, or the house you’re selling.
Additional services by conveyancers who are also solicitors
Many conveyancers are also solicitors, which means they can help you understand even more about your big purchase, or sale. If your conveyancer is also a solicitor, they can help guide you on issues around estate planning and the tax implications of the process. They can also apply for early release of the deposit under the Sale of Land Act, and draw up any licence agreements for access to the property prior to settlement.
Luckily for you, if you’re planning on buying or selling real estate, conveyancers can protect your interests and help you understand all the many, many documents. Unless you’re a family or property lawyer, don’t try to scrimp by managing the documents yourself; use a conveyancer to protect your interests and investigate each clause. Your future self will thank you.
Article provided by conveyancing.com