fbpx
Previously known as Think Conveyancing
Home>Articles>5 Tasks A Good Conveyancer Will Do On Your Behalf

5 Tasks A Good Conveyancer Will Do On Your Behalf

As conveyancers, one of the questions we are asked quite frequently is: so what do you actually do? We thought we’d take this opportunity to explain a little about what a good conveyancer in Melbourne and Sydney can do for you, and how we can help you enjoy a smoother experience dealing with property overall. A conveyancer is an essential member of your team both in buying and selling a property and they can do a range of things on your behalf, such as:

 

1. Prepare essential documents

One of the main tasks your conveyancer completes is to prepare all of the legal documents that form part of your real estate transaction. As part of this, your conveyancer conducts a range of title and property searches, which ensure you meet the relevant legal disclosure obligations in your State or Territory (if selling), or that you have done ample due diligence (if buying). This is important because the Certificate of Title and other relevant documents allow you to see whether limitations exist, such as easements and caveats. These types of encumbrances can restrict your use and enjoyment of the property, so it’s important to know about them prior to contract.

2. Review contract conditions from a legal standpoint

Most property sales contracts would include additional Special Conditions above and beyond the standard or general conditions of sale. Hence, regardless of whether you’re buying or selling, it’s essential that you fully understand these conditions – because the possible ramifications if you default can be significant.For instance, most contracts have a ‘subject to finance’ clause. It may sound straight forward, but the wording used in a subject to finance clause should also be chosen with care. For example, there is a difference between the buyer seeking finance from the lender of their choosing; from a specific lender outlined in the contract; or from any and all finance providers in the market. This is important because you would not want to be caught in a position where you have unknowingly placed a restriction on the lender of your choice when proceeding with the purchase. As your conveyancer, we can provide guidance in this regard that may help you avoid falling into a trap.

3. Arrange financial adjustments

Are you selling a property, and you’ve only recently paid the council rates in advance for the next 6 months? In this situation you obviously want to claw those funds back upon settlement, which is exactly what your conveyancer will do on your behalf. If there are any other adjustments required by settlement, your conveyancer can arrange for these, making sure you only pay the costs associated with the property up to the day of settlement (if selling) and from the date of settlement (if buying). This is important because… It ensures every dollar is accounted for and all financial loose ends are tied up by the time your property settles.

4. Transfer property ownership

Your conveyancer prepares all of the transfer documents that enable a property to be rightfully and legally transferred into your name. These important documents will include all necessary details to meet legal regulations in your state or territory. This is important because this is a crucial step in the legal process and it ensures you take lawful ownership of the asset you’ve just paid for.

5. Attend settlement

It’s part of your conveyancer’s job to coordinate a settlement time with the other side’s legal representative, during which time the property is officially transacted and all paperwork and cheques are handed over. Upon settlement, your conveyancer will make contact with you and/or your real estate agent to confirm settlement and allow for keys to be handed over. This is important because it’s the final step in the process of buying or selling a property!

This is just a snapshot of what a good conveyancer can do; there are a number of other tasks we perform to ensure your real estate transaction proceeds without a hiccup. If you’d like more information on our services at Conveyancing.com.au or you have any questions about the process, feel free to contact us on 1300 932 738.

This article is provided for general information purposes only. Its content is current at the date of publication. It is not legal advice and is not tailored to meet your individual needs. You should obtain specialist advice based on your specific circumstances before taking any action concerning the matters discussed in this article.

4 things to look for in your pre-settlement inspection
4 things to look for in your pre-settlement inspection

Settlement day is a great day. At the end of a long journey to buy a property, settlement day is the glorious finish line. This is the last box to tick, and final piece of the process. Once you’ve reached settlement you deserve to put your feet up and enjoy your new...

read more
What Does A Conveyancer Do?
What Does A Conveyancer Do?

Perhaps you’re new to the property market and have been asked by your agent for your conveyancers or solicitors details. Or maybe you just don’t know where to start with the purchase or sale of your home. Unless you’re a lawyer or have plenty of free time on your...

read more
9 Property Contract Phrases Explained In Layman Terms
9 Property Contract Phrases Explained In Layman Terms

Property contracts can be hard to decipher by yourself, which is why it makes good sense to hire a conveyancer to help you navigate the path forward. Still, it doesn’t hurt to educate yourself about the common terms that you might find in your contract of sale, so...

read more

Categories

Related Posts

What is a Certificate of Title?
What is a Certificate of Title?

Many Australians dream of one day owning property. The change from renting to owning is a big step and can be very rewarding. When the sale is finalised at settlement, you will be the new legal owner of the property, and you will have your name on the certificate of...

read more
The Difference between Real Estate Agent and Buyer’s Agent
The Difference between Real Estate Agent and Buyer’s Agent

When we think of a real estate agent, we think of a person well-dressed in a suit, placing a ‘sold’ sticker over the ‘for sale’ sign in front of a house. We know they show properties that are for sale to potential buyers, they negotiate price, and answer any questions...

read more