Whether you’re buying or selling property, subdividing land, updating a property title, or registering easement, it is always better to seek assistance from a professional who will supervise the transfer of ownership and make sure that the process will be smooth and hassle-free. This process is called conveyancing and the individual who takes on the process is called a conveyancer.
Conveyancers are licensed and qualified individuals or companies that supervise the smooth transfer of ownership of property between a buyer and a seller.
Read on to know more about conveyancing in Australia, what a conveyancer does, and how to choose a good property conveyancer:
What is Conveyancing?
Conveyancing in Australia refers to the process of transferring ownership of property from one person or entity to another. It spans three stages: before the contract, before the transfer completion, and after the completion.
What does a Conveyancer Do?
Conveyancers are licensed and qualified individuals or companies that supervise the smooth transfer of ownership of property between a buyer and a seller. They are accredited by the government to perform this task.
If you’re a buyer of property, the conveyancer will help you prepare the necessary documents, undertake searches such as check for easements and know the type of title, compute the adjustments on rates and taxes, and settle the property on your behalf. If you’re a seller, the conveyancer will make sure that all necessary legal documents are in place, and answer questions of the buyer.
Choosing a Good Property Conveyancer
A good property conveyancer will be able to explain in detail the entire process so you will understand the purpose of documents that you’re signing. But not all conveyancers are equal. Here are some things to consider when choosing a good conveyancer:
- Ask for referrals. Family and friends may have experiences in conveyancing and can recommend property conveyancers.
- Visit the Australian Institute of Conveyancers website. The Australian Institute of Conveyancers is the body which represents registered and licensed conveyancers. Their website likewise has useful information on conveyancing in Australia.
- Know more about your prospective conveyancers. Choose someone who meets your buying or selling requirements. Once you have a list of prospects, you can meet with them or give them a call. Here are some of the questions that you can ask to know them better and help you choose the suitable one for you:
- Do they have experience in the state or territory that your property is located in?
- Are you a member of the Australian Institute of Conveyancers?
- What are the types of real estate do you specialise in?
- What are the fees and charges involved? What are the services covered by those fees?
- How can you keep me up-to-date and how often?
- How long will the settlement take?
Do you have other tips on how to find a goof property conveyancer in Australia? Share your ideas in the comments section.