When buying or selling property in Australia, those involved often look for ways to save any dollars they can, and therefore wonder whether the services of a conveyancing expert are really necessary. Deciding not to use this option often proves to be a false economy; like any other field of the law, expert advice often prevents serious, and costly, difficulties arising. To understand why, let’s investigate what conveyancing is, and how professional services are delivered.
What conveyancing is
You might be selling or buying property, updating the current title when circumstances change such as after a death has occurred, subdividing a parcel of land, or looking to register, change or remove an easement. Simply put, conveyancing is the process by which the ownership of the legal title of property is transferred from one person, or entity, to another – or amended as necessary.
In terms of buying or selling property, this work is carried out during three key stages. The first is before the contract is signed, the others before and after the completion. Peace of mind is found through knowing that, by using the services of a conveyancer, you are trusting this work to a professional, one both fully qualified and licensed.
How a conveyancer operates
Whether you are buying or selling, a conveyancer’s role is best described as representing your interests in this process. Throughout all the stages, a conveyancer brisbane has a range of vital tasks to perform. When representing a buyer, this includes the preparation and lodging of all legal documents, such as a contract of sale or memorandum of transfer. Your conveyancer will carefully research both the property and its certificate of title. Checks will be undertaken to find any easements and also to investigate any other key areas of information involved in the transaction.
A buyer’s conveyancer will also deal with the financial areas, including the placing of any deposit into a trust account, and undertake any adjustment calculations involving both taxes and rates. Contact will be made with the financial institutions involved in the process, regarding final payments made and the settling of the property.
When representing the person or entity who is selling a property, the conveyancer will complete all necessary legal documents and respond to any questions about the title, and deal with key matters such as a buyer’s request to extend dates.
Why a conveyancer?
To return to the title of this article, it’s clear from the information above that this area can be fraught with danger if undertaken by those lacking the carefully gained expertise in this often complex process. It’s true that it isn’t a legal requirement that parties to buying or selling property, or amending the details, use a conveyancer.
However, not doing so is surely just false economy. Indeed, to simplify matters, here at Camp Hill Lawyer, we offer a truly competitively-priced fixed fee for residential conveyancing work. So the cost will be clear, and the peace of mind palpable, knowing that a qualified professional will be looking out for your best interests. This is true both for residential and commercial work – whether you are acquiring, disposing of, or sub-dividing property, or are party to the creation of lease agreements or involved in the areas of strata and community title.