Why do I need a Conveyancer?
If you want to buy or sell a home, land or investment property you’ll have to sign a contract. The legal work involved in preparing the sale contract, mortgage and other related documents, is called conveyancing.
You will need to employ a Conveyancer or Solicitor to do the legal work involved in purchasing a property, such as preparing documents, giving legal advice on contracts and explaining the implications.
The conveyancing process can involve the following steps:
- examining the Contract of Sale and Form 1
- arranging building and pest inspections
- examining a strata inspection report if the property is part of a strata scheme
- exchanging the Contract of Sale and paying the deposit
- arranging finance if necessary
- preparing and examining the mortgage agreement
- arranging payment of stamp duties
- checking any outstanding arrears or land tax obligations
- finding out if any government authority has an interest in the land or if any planned development could affect the property
- finding out any information that may not have been previously disclosed such as a fence dispute or illegal building work
- calculating adjustments for council and water rates for the property settlement
- completing any final checks prior to settlement
- attending settlement
- overseeing the change of title