The term Conveyancing refers to all the legal and administrative work associated with transferring the ownership of property from one owner to another. A conveyance is legal document, also known as a deed that conveys the transfer of property from the seller to the buyer. Property conveyancing is usually carried out by a solicitor or a licensed conveyancer. Although property can be done with DIY kits, it is one of those tricky legal subjects that should be carried out by an experienced property law specialist.
When Will You Need A Property Conveyancer?
• If you are looking to sell your property
• If you are wanting to upgrade or downsize your current home
• If you are looking to relocated and need to sell your home or business property
• If you are looking to move away from renting and buy your first home
• If you are you wanting to diversify your investments and purchase an investment property
Many people sell and buy at the same time so coordinating a sale and purchase involves a lot of project management skills and extensive experience in the conveyancing industry, especially to have both transactions complete on the same date.
What Does A Property Conveyancer Do?
What a Property Conveyancer Can Help You With if You Are Selling Property:
• Preparation of the contract including certificates
• Submission of contracts to the agent and client
• Discussion and negotiation with the prospective purchasers licensed conveyancers
• Organising of settlement
• Proceed to settle
What a Property Conveyancer Can Help You With if You Are Purchasing Property:
• Explanation of the contract in plain English
• Negotiation of any amendments to the contract
• Discussion of the property report
• Liaisons with your incoming mortgagee in regards to finance
• Exchange of contracts
• Explain the mortgage documents
• Organisation of settlement
• Proceed to settlement
To make residential and commercial conveyancing a quick and hassle-free process, choose a licensed conveyancer who is a specialist in the legal profession and who deals with all aspects of property law.
6 Steps to Choosing The Right Property Conveyancer For You
To help you choose the right property conveyancer, here is a list of questions that you should ask yourself and consider before employing any conveyancing works or services:
1. Is the conveyancer experienced and competent?
You want to deal with fully qualified and experienced licensed property conveyancers. Also insure that your conveyancer is fully covered by professional indemnity insurance, giving you peace of mind every step of the way.
2. Is your property conveyancer approachable should you have any concerns or queries?
Look for a friendly conveyancer whom is helpful and client focused and who is able to offer a range of conveyancing solutions to help you and your individual situation.
3.Does your conveyancer return emails and calls promptly?
Be sure that your calls and emails will be answered promptly. You need a conveyancer that is totally committed to conveyancing and to providing you with a stress free experience.
4. What Will It Cost
Price is a factor, but should not be the sole reason for choosing a conveyancer as you are buying and selling an important asset. Don't go for expensive because you think they would do a better job but don't skimp out to save every penny. But always ask if there are any hidden costs, as many conveyancers will not tell you about these.
5. Can your conveyancer provide you with credible testimonials and references?
Search their website for client testimonials and references. Ask your conveyancing firm if you can call some of their clients to talk about their experience with their conveyances.
6. Do they provide you with a breakdown of all the costs involved with your conveyance, and ensure you that there are no hidden costs?
Look for a conveyancing firm 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 that was quoted to you before the process began.
Resources So if you are buying or selling residential property, buying or selling commercial or industrial property, buying your first home, transferring property ownership and titles or have a property law questions or want legal advice - Call Just Conveyancing Sydney.