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Home>Need to know>Why conveyancing is important when buying property in NSW

Why conveyancing is important when buying property in NSW

Conveyancing can be complicated but put simply, it refers to everything that needs to be checked, searched, signed, and certified to make you the new legal owner of a property. This protects the new owner of a house from any unwanted surprises, such as tax bills, structural defects, or zoning issues.

Our professional, reliable team of specialist conveyancers is supported by experienced lawyers. That means you’re in safe hands – no matter how complicated things get.

We have all the up-to-date knowledge you need to guide you through the three main phases of the conveyancing journey.

Contract

Before you sign on the dotted line, we recommend you get a review of the contract for sale. The contract is the foundation of the agreement between you and the seller. Sellers and agents have their own interests in mind, so it’s important to have specialised conveyancing experts negotiate your best interests. We’ll make sure everything is in order, guide you through the terms of the contract, and can give you written advice on all special conditions. It means no nasty surprises, like finding out you have to contribute towards the seller’s land tax. No one wants that!

 

Get a building and pest inspection

When you buy a property, it means you accept it in its current condition. This includes any defects you may not have seen when you first visited the property. So, to help you make an informed decision about your next property purchase, we recommend getting a building and pest inspection from qualified inspectors. This provides a full picture of the property before you commit to the purchase.

 

Searches

To know the full story about the property you want to buy, you’ll need searches. The most important reason you’ll want searches done is because they can uncover any outstanding debt attached to the property – debt that could be passed on to you. Searches are also checks with local councils and authorities that tell you all the details about the property. They provide information about the zoning of the building, body corporate or strata information, heritage listings, copies of the property plans and any major construction projects coming up (like a new highway being built nearby).

Without searches, you won’t know whether you’re making a good investment or a terrible decision. The final step in this phase is when the title deed is transferred into your name – a time to celebrate being the legal owner of your own property.

 

Settlement

Settlement is where everything comes together. There’s a lot of paperwork to file, money changing hands, and several people who need to be kept in the loop, such as the real estate agent, the seller’s conveyancer, any relevant insurers, and the financial institutions. If it sounds overwhelming, don’t worry! One of our team members will be your representative in every interaction with each one of these different people. We’ll make sure all the right documents are signed by you and everything is filed correctly to the right government department.

To make the whole process convenient for you, we use PEXA, which allows settlement to happen electronically for everyone involved. PEXA makes it possible to automatically transfer funds into your bank account quickly. It’s just another way we help you achieve a successful and on–time settlement.

 


 

Conveyancing isn’t just something that happens in the background when you buy a property – it’s the critical legal process that makes buying a property possible!

From a contract review, to searches, and reaching settlement – professional conveyancing covers all the essential behind-the-scenes work. To complete the process correctly and legally, you need the right people by your side – every step of the way. We’re here to guide you through that vital work and answer any questions you may have. We’re here to help and make the process as easy as possible.

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.

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