What You Should Know About Property Conveyancing

The term “conveyance” refers to all legal and administrative work related to the transfer of ownership of a property from one owner to another. A conveyance is a legal document, also known as a deed conveying land transfer from the seller to the buyer. Land conveyance is typically performed by a solicitor or licensed conveyor. While the conveyance of properties can be done with DIY kits, it is one of those tricky legal subjects that an experienced property law professional should carry out.

When do you need a conveyor for your property?

  • If you are looking to move away from renting and buy your first home
  • If you want to upgrade or downsize your current home
  • If you are you wanting to diversify your investments and purchase an investment property
  • If you are looking to sell your property
  • If you are looking to relocated and need to sell your home or business property

What Does A Property Conveyancer Do?

  • Discussion and negotiation with the prospective purchasers licensed conveyancers
  • Preparation of the contract including certificates
  • Organizing of settlement
  • Proceed to settle
  • Submission of contracts to the agent and client

What a Property Conveyancer Can Help You With if You Are Buying Property:

  • Negotiation of any amendments to the contract
  • Exchange of contracts
  • Explanation of the contract in plain English
  • Organization of settlement
  • Explain the mortgage documents
  • Proceed to settlement
  • Liaisons with your incoming mortgagee in regards to finance
  • Discussion of the property report

Look for a conveyancing agency that charges a flat service fee rather than an hourly rate. By doing this, you can rest assured that you will pay the exact figure you were given before the process began.