How to find a conveyancer.

What you need to know before you appoint a conveyancer:

Do you need a conveyancer?

Conveyancing can be done by a professional real estate conveyancer or a solicitor who specializes in conveyancing. In most cases, Australians tend to hire licensed conveyancers more than solicitors. If the house sale looks like it will be a relatively simple and straightforward transaction, conveyancers may be cheaper and fully capable of providing a thorough service. For large real estate deals or more complicated transactions, a conveyancing solicitor may be preferable.

Questions to ask a conveyancer

  • What types of property do you mainly specialize in?
  • What will it cost – what are your fees? What fees, etc, will I have to pay at settlement? Are there any hidden costs?
  • How will you communicate with me and how often?
  • On settlement day, what timeframes are we looking at? This is important if you are arranging furniture removalists and other parties.

Conveyancing law in New South Wales

Conveyancers in New South Wales must be licensed by NSW Fair Trading. In brief, there are three ways to do conveyancing in NSW:

  • Hire a licensed conveyancer
  • Hire a solicitor with experience in conveyancing
  • DIY kits are available

The conveyancing process

Conveyancing can involve these steps:

  • examining the contract for sale
  • arranging building and pest inspections
  • examining a strata inspection report (if the property is in a strata scheme)
  • arranging finance if necessary
  • exchanging the contract of sale
  • paying the deposit
  • arranging payment of stamp duties
  • preparing and examining the mortgage agreement
  • checking if there are outstanding arrears or land tax obligations
  • checking if swimming pool compliance documentation is needed
  • finding out if any government authority (eg. local council, Sydney Water, Transport for NSW) has a vested interest in the land or if any planned development could affect the property
  • finding out any information that may not have been previously disclosed such as a fence dispute or illegal building work
  • calculating adjustments for council and water rates for the property settlement
  • overseeing the change of title with NSW Land Registry Services
  • completing any final checks before settlement
  • attending settlement.

IF YOU ARE THINKING ABOUT BUYING A PROPERTY OR HAVE ANY QUESTIONS ABOUT OUR CONVEYANCING SERVICE PLEASE CONTACT US TODAY.

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