Shopping for a new home can seem like a roller coaster at times. You have gone to one inspection after another and finally found ‘the one’ that is perfect for your family. Now comes all the formal legal stuff – where you are buying the property.
It is a wise move for seller and buyer to have a real estate conveyancer to steer this process because it needs someone who is an up on real estate law to translate the contracts. You don’t legally need to engage a conveyance, but if you don’t know the legal ins and out of property agreements it can be over the head of most layman.
Both the sellers and buyers will be asked by the real estate agent to offer contact details of their conveyancer for the purchase and sales agreement, so it is best to have done this upfront and already have one.
Information on conveyancer
A conveyancer is a licensed and qualitied professional whose job it is to provide information and advice about the sale of a property, prepare the needed documents and conduct the process through settlement. Now conveyancers don’t need to be lawyers but solicitors often do this work. Brisbane conveyancing firm is probably the most well-known firm.
When to get a conveyancer
You should engage a conveyancer, when you are:
- Buying or selling a property
- Subdividing land
- Updating the title
- Registering, changing or removing an easement
For buyers – a conveyancer will:
- Prepare, clarify legal document – contact of sale, transfer memorandum
- Research property as well as its title certificate– check easements, title type and any other information needing to be addressed
- Put the deposit money in a trust account
- Calculate any adjustments for rates and taxes
- Settle the property – act on your behalf, advise when property is settled, contact your bank on when final payments will be made
- Represent your interest with an agent or vendor
For the seller – a conveyance will:
- Complete and make sure the documents are all correct;
- Represent you and respond to requests from the buyer – such as request to extend dates, title problems or questions.