What is Conveyancing?

What is conveyancing?

Conveyancing is the process of transferring the ownership of ‘real property’ from one person to another. A conveyancer is a licensed and qualified professional who can:

  • provide information and advice about the sale or purchase of property
  • prepare legal documentation for property transactions
  • represent either the vendor or the buyer during the settlement process.

Due to the complex legal nature of the work involved, it is crucial to engage a conveyancer as soon as possible if you are planning to:

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What a conveyancer does

A conveyancer will:

  • prepare and clarify legal documents – eg contract of sale, memorandum of transfer
  • conduct research about the property and its certificate of title – eg checking for easements, type of title
  • represent you in preparing for and during settlement
  • place and hold deposit money in a trust account
  • calculate the adjustment of rates and taxes when buying or selling property
  • liaise with the vendor or buyer’s conveyancer over settlement arrangements
  • contact you to advise when settlement or subdivision is complete
  • contact your financial institution, if applicable, regarding how and when the final payments are to be made and received
  • submit applications to Revenue SA for any grants you may be eligible for – eg first home owners grant
  • negotiate offers on your behalf with a vendor or their agent
  • lodge all necessary documents with the relevant agencies.

 


 

Want to know more? Contact Connolly Wilson Conveyancing today – our advice is free, friendly and focused on you.

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