Conveyancing refers to the transfer of ownership of a piece of property from one party to another; this can be done by way of a simple title transfer, such as after a death or through a property purchase. A conveyancer is a professional who assists either the buyer or seller with this process; they do not necessarily have a law degree, but their services can make this entire process easier on all parties involved. Note a few details about the conveyancing process and what a conveyancer might do for you if you're either buying or selling the property.
Checking legalities of a property
Before conveyancing is actually done, there needs to be certain checks on the property. This can include restrictions on the deed or property, making sure taxes on the property are paid and not in arrears and checking of easements through the property. A conveyancer will know what legalities to check for a buyer and will ensure this is done properly so that none of these important details are overlooked.
Searches may be done against a property before a contract is offered, and a conveyancer will know which searches to conduct; in addition to the legalities mentioned above, this can include a contaminated land search in an industrial area and a search for liens on the property. There must also be a clear title, meaning that the person selling or transferring the property actually owns it without any other party having legal rights to that property. This type of title search can also be done easily by a conveyancer, who will know how to access the public records needed for such a search.
After offers are made, inspections are usually conducted, and a conveyancer can arrange to have these done on behalf of the buyer. This might include not just a standard building inspection for items that need to be up to local building codes but also inspections for pest infestations, asbestos and mould. The conveyancer might suggest which inspections would be recommended, given the area of the property, age of the building and other such factors.
During any real estate transaction, there is typically a large amount of paperwork that is signed and exchanged; a first-time buyer may not understand what is contained in various reports or agreements or know what they're signing. A conveyancer can ensure all that paperwork is prepared properly before the closing, and then also explain its purpose so you know what you're receiving and what you're signing.Share