A Brief Guide to Property Conveyancing

A dream home comes with a lot of paperwork that requires legal knowledge, skill and permit. Errors in paperwork can slow down the buying process significantly. So, without much delay, consider finding a professional conveyancing solicitor.

A conveyancer helps with the settlement and title transfer process with all other legal documents that are part of any real estate transaction.

Here’s a brief guide to the conveyancing process to explain everything you need to know about conveyancing in Parramatta.

What is Conveyancing?

Conveyancing is the legal transfer of a property from one owner to another. The process involves a licensed conveyancer who fulfils all formalities to make a house purchase legally valid.

The preparation, execution, verification and lodgement of all legal documents are important aspects of conveyancing. A good conveyancer will clearly explain the meaning and importance of each process.

Inspecting the title of the property is another important aspect of conveyancing. A professional conveyancing solicitor also conducts searches and inquiries on the property. They will find out if the property is affected by any illegal bindings, outstanding rates and proposals by any government departments.

How Long Does Conveyancing Take?

On average, conveyancing takes around twelve weeks, from start to finish. However, it is important to remember that there are a number of factors that can cause delays. An issue with the property title, buyer’s mortgage, building survey can slow down the speed of the conveyancing process.

How Much Does Conveyancing Cost?

Conveyancing fees cover the amount you will pay to meet all legal obligations when buying a house. The fees can be split into two parts: the legal fees and the disbursements. In the first part, the conveyancing solicitor charges for their own work whereas disbursement costs include the expenses they may need to pay to third parties on your behalf for certain services like searches or inquiries on the property.

Conveyancing fees vary depending on a number of factors, like the location, additional searches and the price of property you are buying.

We endeavour to simplify the conveyancing process to make it easy for you to understand what’s happening and what you need to do without any unnecessary legal jargon that can leave you baffled.

How Do I Find a Conveyancer?

Getting recommendations from friends and family is a decent way to find a professional conveyancing solicitor. You can also do online research and ask your real estate agent, accountant and lawyer if they can recommend a good conveyancer.

When choosing your conveyancer solicitor, check their accreditation to make sure they are legally allowed to carry out the work. Also, find out whether there are any complaints against them. Reviews are one of the best ways to get a feel for a company and find out the satisfaction level of their previous customers.

Winding Up

This extensive guide will help you find out how conveyancing can speed up the process of buying your dream home significantly. Consider hiring an experienced conveyancing solicitor will also take the stress off your shoulders and ensure best outcome.

A licensed conveyancer specialises in property law and will assist you to meet all legal obligations, while protecting your rights throughout the transaction.