What is a Conveyancer / What Do They Do?
We’d like to consider what conveyancing is and what they do. After all, unless you have bought or sold a property before, you may be a little unclear on what a conveyancer does, or what they are.
Are they a lawyer? Are they qualified with a course, or do they need to do something more? It’s important to understand what a conveyancing solicitor is and how conveyancing works so that you have the best possible experience with your property transaction.
What is Conveyancing?
Conveyancing refers to the laws that govern the transferral and ownership of property.
Therefore, a conveyancer is a person who will act with you and on behalf of you when you are buying, selling, transferring or subdividing property or land.
Do I Need a Conveyancer?
No, not technically.
You can DIY the conveyancing of your home, but what you save in a few hundred dollars is going to translate to a lot of time spent in arranging and coordinating the necessary documents to successfully complete your real estate transaction.
Unless you have an in-depth understanding of the terminology and procedures involved in the transaction, you will struggle.
Plus, if there is anything unexpected that comes up, you’ll need to deal with this quickly and efficiently, something that your conveyancer can help you with, and something that you may struggle with as well.
Buying and selling property is a major transaction, and if you consider the money saved versus what could potentially go wrong, it makes a lot of sense to hire a professional.
What Does a Conveyancer Do and Why are They Important?
When you make the move to hire someone for your conveyancing, you are hiring someone to act on your behalf in the sale or purchase of your property.
Some of the things that your conveyancer is going to be doing for you include:
- Reviewing sale or purchase contracts
- Ensuring that critical dates are adhered to
- Liaising with your bank or financial provider
- Liaising with the lawyers and conveyancers on the other side of the transaction
- Ensuring that all the relevant documents are prepared and ready on time
- Attending the settlement on your behalf
If you are buying a property, your conveyancer is also going to:
- Let you know whether you should consent to an early release of a deposit
- Work with your bank to ensure that the cheques for funds are presented at the settlement
Buying and selling a property takes time – weeks, potentially – and you need to make sure you’re organised to get the best result. An experienced conveyancer can help you with this.
By now you should be aware that the transfer of property requires a fair bit of specialised knowledge – knowledge that many of us just don’t have.
And it’s this knowledge that makes the difference between a smooth transaction and a difficult one!
A conveyancer is a vital person to have on side when you are buying or selling a property as they have expertise and access to services and information that a layperson just doesn’t have.
When do You Need a Conveyancer?
It’s not a legal requirement of property purchasing that you must hire a conveyancer, but it’s a lot easier to have one than it is not to have one.
Basically, any time you buy or sell a property, you should hire a conveyancer. The benefits of having a conveyancer are numerous, including:
- Familiarity with the laws of sale, purchasing and transfer of property
- They can advise you on the benefit and/or drawbacks of the transaction taking place after reviewing the contract
- They can work with banks and real estate agents on your behalf
- They understand the requirements of various types of property transactions
How Much Does a Conveyancer Cost?
It’s important to consider costs when choosing a conveyancer. We charge a flat fee at Conveyancing Home, as we believe that you should be able to budget for your home conveyancing service.
Our conveyancing is $605 (including GST) for a sale, $825 (including GST) for a purchase of residential house and vacant land (plus you will need to pay extra for recommended searches, but these are on a case by case basis), and $935 (including GST) for Strata Titled property (once again, plus the recommended searches).
So while there’s nothing legal to say that you need to hire a conveyancer for buying or selling a property, having a conveyancer can save you a lot of stress and potential costs.
When you hire a conveyancer, you are hiring their experience and their skill. A conveyancer needs to be completely across all of the nuances concerning property purchase and sale, and they know all of the documents you’ll need.
Plus, they can advise you on the benefits or disadvantages of doing certain things and can work with banks, estate agents and other relevant parties to make the transaction work smoothly.
At Conveyancing Home, we are proud to provide a service that gives you more value.