What is Conveyancing?

A conveyancer, such as On-Call Conveyancing, plays a crucial role in assisting buyers and sellers during property transactions in New South Wales (NSW), Australia.

Here are some of the ways in which a conveyancer can help:

  1. Contract Preparation and Review: A conveyancer helps prepare or review the legal documentation involved in property transactions, such as contracts of sale, section 10.7 certificates, and vendor disclosure statements. They ensure that all necessary information and conditions are included and explain the terms to their clients.
  2. Professional Advice: Conveyancers offer advice to buyers and sellers throughout the process. They help their clients understand their rights, obligations, and any potential risks associated with the transaction. They can also provide guidance on complex legal matters, such as zoning regulations or strata schemes.
  3. Title Search and Due Diligence: Conveyancers conduct thorough searches to verify the property’s title, identify any encumbrances or restrictions, and ensure there are no outstanding debts or legal issues affecting the property. They also perform due diligence by examining relevant documents, including survey reports, planning certificates, and building inspections.
  4. Liaison with Other Parties: A conveyancer acts as a liaison between the buyer, seller, real estate agents, mortgage brokers, and other involved parties. They communicate on behalf of their clients, ensuring smooth and timely exchange of information and documentation.
  5. Settlement Process: Conveyancers handle the settlement process, which involves coordinating with financial institutions, arranging for the payment of funds, and ensuring all legal requirements are met before the property changes ownership. They also attend settlement meetings to facilitate the transfer of property and handle the registration of documents with the appropriate authorities.
  6. Dispute Resolution: In the event of a dispute or disagreement during the transaction, a conveyancer can provide guidance and assistance in resolving the issue. They may refer clients to appropriate legal channels if necessary.

It’s important to note that while conveyancers offer valuable services in property transactions, they are not qualified to provide legal advice outside the scope of conveyancing. For complex legal matters, it’s recommended to consult a solicitor or lawyer specialised in property law.

Why you need a conveyancer

Are you thinking about purchasing or selling a residential property, then you are going to need the services of a conveyancer to handle all the legal work for you.

Engaging a licensed conveyancer to act on your behalf, is the best way to protect your assets during a property transaction. Buying and selling real estate is a complex matter, and there are a lot of legal and statutory aspects involved that require an in-depth knowledge of the laws governing property transactions.A conveyancer is qualified to handle the full scope of conveyancing work for property transactions. They can provide advice on contracts, prepare the requisite legal documents, and oversee the settlement process.

Conveyancers in New South Wales are required to be licensed with NSW Fair Trading.Conveyancers who are members of the Australian Institute of Conveyancers (AIC), are required to have indemnity insurance to ensure that clients are protected.

Conveyancing Services

It is always advisable to enlist the services of a conveyancer early in the property transaction process. We oversee a wide range of services including:

  • Preparing documents such as the Contract of Sale and Memorandum of Transfer.
  • Mortgage Discharges
  • Organising reports and searches.
  • Submitting Applications for Stamp Duty, First Home Plus, and First Home Owner’s Grants.
  • Sales and purchases at auctions.
  • Financial settlement arrangements with all parties and financiers involved in the transaction

In terms of settlement, the standard conveyancing process takes about 6 weeks to complete.

On-Call Conveyancing has registered and installed the PEXA Platform Property Exchange Australia (PEXA). PEXA is a property exchange in NSW that facilitates electronic settlements, so that clients can be on title in the shortest possible time.

Conveyancing Fees

On-Call Conveyancing have always been more than happy to discuss pricing with customers, as costs vary depending on the difficulty of the matter, and the cost of the property involved.

If you need clarification on our conveyancing services please give us a call today on 02 9585 9822, or email us at info@oncallconveyancing.com.au.