Conveyancing is the process of transferring ownership of a legal Title of land to the new owner. This can be from a person or entity (e.g. a corporation).
A conveyancing transaction generally consists of three stages:
It’s recommended that you hire a professional conveyancer to conduct your conveyancing. This is due to the complexity of the legal work. Otherwise, you could make critical errors.
For example, you might lose the property and forfeit your 10 per cent deposit. But, if you hire a conveyancer, if they make an error, you’ll be covered by their professional indemnity insurance.
A conveyancer is a licensed professional who specialises in providing advice and information about the sale of a property.
Conveyancers don’t have to be solicitors. But, solicitors or lawyers often provide conveyancing services.
It’s recommended that you engage a conveyancer whenever you are:
Conveyancer duties include:
A conveyancer or property lawyer oversees the settlement process.
While it might appear easy, most home buyers and sellers don’t realise how much work is involved.
Yes, legally transferring a property to a new owner is no simple task
If you’ve never done this before, it could take weeks to finalise the property settlement.
Are you confident you’ll understand the legal documents? Do you know how to lodge them? Do you have time to learn how it’s done?
If not, consider contacting Doyle Wilson Solicitors for an obligation-free consultation.
Property & Financial Settlements eBook