What You Need to Know About Conveyancing

Buying real estate, especially investment properties, requires a lot of paperwork and a lot of attention to detail. One form signed in the wrong order or not signed at all can expose all parties involved to unacceptable risk. We always recommend hiring a conveyancer to ensure that your Perth property is transferred from seller to buyer and that payment is transferred from lender to seller.

Property Investment Firm Talks About Conveyancing

Conveyancing

Conveyancing is the process of making sure that the legal title of a property is transferred from one entity or person to another. Usually, it is a three-step process: before contract, before completion and after completion.

What is a Conveyancer?

A conveyancer is a qualified professional who is Free Sale Appraisal, prepare correct documentation and conduct the process of settlement—they may or may not be lawyers.

Situations in which a conveyancer is essential include selling or buying a property, subdividing land, changing, registering or removing an easement and updating a title, such as registering a death.

What Does a Conveyancer Do?

If you are a buyer, the conveyancer will do the following:

  • Clarify, prepare and lodge legal documents such as memorandum of transfer and contract of sale.
  • Research the certificate of title and the property itself, including the type of title, easements and any other issue that is relevant.
  • Put your deposit money in what is known as a trust account.
  • Calculate adjustment of taxes and rates.
  • Execute settlement of the property: act on your behalf during the entire process and contact your lender as final payments are executed.
  • Represent your interest with any agent or vendor.
  • If you are a seller, the conveyancer will do the following:

  • Complete and sort all legal documents.
  • Represent your interests in responding to buyer requests such as title questions or extending dates.
  • Finding a Conveyancer

    We don’t recommend just picking one at random; instead, we recommend doing your due diligence. The first thing to do is ask any family members or friends who bought or sold a home lately if they would recommend their conveyancer.

    Then, you need to compile a list of questions and see if you are comfortable with the conveyancer’s answers.

    For more information, call 1300 472 427 today.

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