What Does a Conveyancer Do? A Simple Guide for Home Buyers and Sellers

 Posted by Clyde Gonsalvez on September 10, 2024

Buying or selling a home can be an exciting, yet sometimes overwhelming, experience. One of the key professionals who can help make the process smoother is a conveyancer.

But what exactly does a conveyancer do?

What is a Conveyancer?

A conveyancer is a licensed professional whose main job is to handle all the legal paperwork involved in transferring property ownership. They make sure that everything goes by the book when it comes to the sale or purchase of a home.

Think of them as your go-to expert for everything related to the legal side of buying or selling a property. They look after your interests and ensure that all the legal details are properly taken care of.

What Does a Conveyancer Do?

A conveyancer will assist you from start to finish in a property transaction. Here are some of the main tasks they handle:

  1. Reviewing and Preparing Contracts Whether you’re buying or selling, there will be contracts involved. Your conveyancer will make sure the contract is fair and clear, and will point out any issues that could affect your property deal.
  2. Doing Property Searches Conveyancers run various checks on the property you’re buying to make sure there aren’t any hidden issues. This includes checking for things like unpaid rates, planning restrictions, and any legal rights that could affect the land. These checks can protect you from potential problems down the track.
  3. Coordinating with Other Professionals Your conveyancer acts as a middleman between you, the other party’s conveyancer, the real estate agent, your mortgage broker, and even your lender. They make sure all the necessary documents and payments are exchanged at the right time.
  4. Handling the Financials On the day of settlement, the conveyancer ensures all the money is transferred to the right places. This includes paying the seller, settling any stamp duty, and finalising the transfer of the property title into your name.
  5. Lodging the Legal Documents After settlement, your conveyancer will file the necessary paperwork with the land titles office, making sure the property is officially transferred into your name (and ensuring your home loan or mortgage is registered properly if you're taking one out).

Why You Need a Conveyancer When Taking Out a Home Loan

Your conveyancer ensures that everything lines up with what the lender requires. They’ll double-check that all the legal details of the property are in order, helping to avoid any last-minute hiccups that could delay your home loan approval or settlement.

Conveyancer vs Solicitor: What’s the Difference?

While both conveyancers and solicitors can handle property transactions, conveyancers are specialists who focus solely on this area of law. Solicitors, on the other hand, may offer more broad legal services, which can include conveyancing but usually at a higher cost. For most straightforward property transactions, a conveyancer is the more cost-effective option.

Do I Really Need a Conveyancer?

Yes, you do! Whether you’re buying or selling, a conveyancer makes sure the process is stress-free and legally sound. They help to avoid common pitfalls that can arise in property transactions, and they’ll be there to make sure you’re protected every step of the way.

In Summary

When it comes to buying or selling property, having a conveyancer on your team makes the whole process much easier. They handle the tricky legal bits so you can enjoy the journey!

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