What is Conveyancing?
Conveyancing involves the transfer of legal ownership in real property from one person, or separate entity, to another.
The main stages of conveyancing typically involves the preparation of legal documents, execution of contracts, verification of documents, the exchange and post settlement attendances.
We can take care of the property transfer and guide you through the entire process in order to streamline the transaction and minimise your exposure to any pitfalls.
A property lawyer will represent you from inception to settlement, assist you with the transfer the ownership of legal title and deal with ancillary legal issues, should they arise.
What are the main steps involved in the conveyancing process?
- Prepare legal documentation for your sale (i.e. a vendor’s statement) or review of the unsigned contract in order to advise you of your rights and obligations after signing.
- Represent you during the settlement process after receipt of a signed contract, advise the bank of the sale of the property and imminent settlement deadline.
- Conduct standard property searches and verify (among other things) that the vendor named in the contract is, in fact, the owner registered on the certificate of title.
- Prepare all required documentation (i.e. the transfer of land) and verify the statement of outgoings between the vendor and purchaser, so that any arrears are discharged.
- Schedule settlement time and obtain financial details from the bank to verify that you have sufficient funds to discharge your loan or funding to effect settlement.
- Provide you and the selling agent with confirmation of the change of ownership and lodge the required documents to the relevant authorities.
