When you buy or sell a property you will need to hire someone to handle the legal process, referred to as conveyancing.
It can be done by lawyers or by non-lawyers who are licensed conveyancers.
The work a conveyancer does for the buyer includes the preparation of the legal documents, conducting local government searches on the property, and checking the legitimacy of its current title.
The conveyancer will also:
- Manage your deposit in the trust account
- Calculate the adjustment of rates and taxes
- Settle the property
- Coordinate information between the banks and the buyer and seller
- Generally represent your interests
For the seller, the conveyancer will ensure that all the legal documents are prepared, signed, and properly in order.
A licensed, professional conveyancer will protect you from being taken advantage of through fraud or misrepresentation.
Fees will vary so it is a good idea to shop around when you start looking for a property.