What Is A Property Conveyancer And Why Do You Need One?

If you’ve got your eyes set on purchasing your dream home, chances are you’re getting yourself ready to swim in a mountain of paperwork in order to finalise your purchase. As exciting as purchasing a new home can be, it can also be a little daunting when it comes to the copious amounts of administrative work that comes with it. This is where the help of a property conveyancer can come in handy. The settlement process is an arduous task that involves various financial and administrative duties, and finding the right conveyancer to help you navigate potential pitfalls is key. Today, we have a look at exactly what a property conveyancer does, so read on to find out more!

So, What Exactly is Conveyancing?

In a nutshell, a property conveyancer is someone who will be able to help you cut through legal jargon and is an essential member of your team when purchasing a new property. Property conveyancing is the process of transferring ownership of a legal land title and consists of three stages: pre-contract, pre-completion and post-completion. A property conveyancer is a licensed professional who will be able to provide you with information and advice regarding the transfer of property ownership.

Roles and Responsibilities of a Property Conveyancer

There are a number of tasks and processes that a property conveyancer can assist you with, some of which include:

1. Preparation of Essential Documents

One of the main tasks that  your property conveyancer will assist with is the preparation of essential legal documents that form part of your real estate transaction. A good conveyancer will conduct a range of property and title searches, ensuring that you have done ample due diligence when purchasing a new property.

2. Reviewing Contracts and Legal Documents

Whenever purchasing a property, it is incredibly important that you have your contracts and documents reviewed by a professional in order to ensure they are fair and don’t potentially trap you in an unpleasant situation. Regardless of whether you’re buying or selling a property, paying close attention to all legal documents is paramount. A property conveyancer is a licensed professional who will be able to give you sound legal advice that you will be able to heed in order to ensure that all your needs are addressed. The following link is our top-recommended site if you need assistance for property conveyancing.

3. Arranging Financial Adjustments

When purchasing a property, you may find that the vendor may have already paid council or water rates that you will need to reimburse. Rather than going through the hassle of doing these calculations yourself, your conveyancer will be able to calculate the portion of your contribution in order to adjust the final settlement amount accordingly.

4. Transfer of Property Ownership

An experienced property conveyancer will be able to prepare all of the transfer documents that you will need to legally transfer a property into your name. This is an important step of the real estate purchasing process as it will ensure that you are able to legally take ownership of the home you have just paid for.

5. Attending Settlements

Lastly, your conveyancer is responsible for coordinating and attending settlements with legal representatives in order to hand over all contracts, agreements and financial aspects of your transaction. Once the settlement is complete, your conveyancer will notify you and your real estate company in order to ensure that your keys are handed over.

Do I Really Need A Property Conveyancer?

You may be wondering if you really need a property conveyancer, or if you should save your money and handle all the aspects of transferring home ownership on your own. Although it is not a legal necessity to enlist the help of a conveyancer, it is certainly something that we advise you take into consideration, especially if you are dealing with the purchase or sale of a property in Australia.

Real estate laws and property ownership are highly complex topics to say the least, and failing to  adhere to the law throughout the process may prove to have serious consequences such as losing your home or the deposit you have put down. In order to ensure that you don’t find yourself in such a predicament, it is always recommended that you look for a property conveyancer who will ensure that the entire process goes as smoothly as possible. Just because go it on your own doesn’t mean you should, and a well experienced conveyancer is just the person you need to help you navigate through the nitty gritty aspects of owning a new property.

Property conveyances play an incredibly important role in the purchase and sale of a home and can make your entire real estate experience one that is seamless and as easy to navigate as possible. We hope that this article has shone some light on exactly how a conveyancer can help you and why it is recommended that you use one when you purchase your new home. All the best!