Frequently Asked Questions
What is conveyancing?
Conveyancing is the legal process of transferring property ownership from one person to another. It involves preparing and reviewing legal documents, conducting searches, and ensuring all legal requirements are met.
Why do I need a conveyancer?
A conveyancer is a licensed professional who specialises in property transactions. They help navigate the complexities of the legal process, ensuring everything is done correctly and efficiently.
What does a conveyancer do?
A conveyancer handles various tasks, including:
Drafting and reviewing contracts
Conducting property searches
Liaising with real estate agents, banks, and other parties
Managing settlement arrangements
How long does the conveyancing process take?
The conveyancing process typically takes 30 to 60 days, depending on various factors such as the property type and the agreements made between parties.
What is a property title?
A property title is a legal document that proves ownership of a property. It contains details about the property, including any encumbrances or restrictions.
What is a settlement?
Settlement is the final stage of the conveyancing process where the buyer pays the purchase price, and the seller transfers ownership of the property. This usually occurs at a designated location or electronically.
Can I do my own conveyancing?
Although it is possible to handle your own conveyancing, the process is complex and time-consuming. This complexity is reflected in the 18 months of university study and a minimum of 12 months of full-time experience under a solicitor or licensed conveyancer required to obtain a conveyancing qualification.