July 04, 2016

How to Property Conveyancing Process Works

By Sona Mathews
Buying or selling property can quickly become confusing, especially for those unfamiliar with the process. This is why it is a good idea for all the parties involved to hire a property conveyancer to help navigate this confusing process.
Contacting the team is a great way to get help during this process. Learn why this is important and why buyers and sellers need this service, here.

How to Property Conveyancing Process Works : eAskme
How to Property Conveyancing Process Works : eAskme
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What Exactly is Conveyancing?

This is the process of actually transferring the ownership or the legal title of a piece of property from one person to another. The typical conveyancing transaction will consist of three different stages:

Stage 1: Before the contract.
Stage 2: Before the completion.
Stage 3: After the completion.

Each stage will require the completion and filing of proper documents and a conveyancer will be able to assist with each of these stages for buyers or sellers.

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What is the role of the Conveyancer?

The conveyancer is the actual professional who has the job of providing information and advice regarding the sale of a piece of property, preparing the documentation and conducting the entire settlement process.
While a conveyancer does not have to be a lawyer, many are.

Some of the most common reasons that you would use the services of a conveyancer is for:

• Selling or purchasing a piece of property
• Subdividing a piece of land
• Providing an updated version of a title
• Removing, changing or registering an easement

Services Offered by a Conveyancer

If you are the buyer of a piece of property, the conveyancer will do the following:
  • Prepare and lodge any necessary legal documents.
  • Research the property as well as its certificate of title.
  • Put any deposit money into a trust account.
  • Calculate the taxes and rates adjustment.
  • Settle the actual property.
  • Provide representations for your interest.
If you are the seller of a piece of property, the conveyancer will do the following:
  • Ensure that all legal documents are completed and sorted
  • Respond to any requests from the buyer.

Tips for Finding a Quality Conveyancer

Many people think that all conveyancers are created equally, but this is simply not true. It is important to interview a number of options so that you can find the best service for your particular needs. Once you have gathered a list of names, you should interview each one to find the best option.

Hiring a conveyancer can be extremely beneficial, when you fully understand the role that they play.
They will ensure your rights are protected and represent your best interests during the sale or the purchase of a piece of property.