Conveyancing is a vital part of buying or selling property but many people are not familiar with the process and only become aware of the necessity when asked by a real estate agent who’ll be undertaking the legal work.
Conveyancing is the process of transferring legal title of real estate from one person or entity to another and should be carried out by property lawyers or qualified conveyancers. Typically, there are three stages in the conveyancing transaction – before contract, before settlement and after settlement.
Both parties, buyer and seller, should have their own independent lawyer or conveyancer. It is generally inappropriate for a lawyer or conveyancer to act for both parties and gives rise to dangerous potential for a conflict of interest.
The conveyancing process can be done on a DIY basis, but the risks can be extremely high and the consequences dire. Most lawyers and conveyancers charge well under $1,500 for conveyancing work on a typical home purchase or sale, so it’s a comparatively small investment to get the work done by an expert.
Conveyancing.com team members are fully qualified lawyers and fully knowledgeable across all areas of property law and the conveyancing process. As a property transaction is generally the most important investment decision made during a lifetime, each team member takes the time to know the buyers or sellers they act for and to understand their situations thoroughly before using their skills to provide tailored solutions to each client.
This can make the difference between living the home ownership dream and facing a nightmare if things go wrong.