Conveyancing in Real Estate Transactions

The expense for professional legal services could cost significantly more than a solicitor’s conveyancing fees. For this reason, most people who have previously purchased property in Australia would recommend the services of a licensed solicitor for all property transactions. A number of companies offer fixed rate conveyancing services which in the ling run may work out far better when compared to DIY kits.

What is Conveyancing?

In Australia, conveyancing is the legal process by which the title for a property is transferred from the seller to the buyer. Although this process may sound fairly simple, there are a great number of steps one needs to follow before the property title can be transferred. Conveyancing laws and processes can vary by state and can be quite complex.

Searches are one of the most important aspects of conveyancing. Conveyancing searches include things such as title searches and zoning searches. A title search seeks to answer questions such as whether or not the seller has a saleable interest in the property, if the property has any encumbrances or restrictions, and if there are any liens on the property. Zoning searches further help property buyers or sellers determine if the property has restrictions such as demolition orders or adverse planning.

Searches are not the only element of a typical conveyance. Conveyancing also includes things like: ensuring all conditions of the contract are met, ensuring the appropriate party pays for rates and charges like water consumption, arranging for fees and charges to be paid, and preparing legal documents. In addition, the proper authorities will need to be notified of the property transaction and supplied with the information they require. Conveyancing requirements, searches, and costs may vary from state to state because of different property safeguards and legislation.

Professional Conveyancing Services –

Conveyancing is best carried out by professional conveyancing agencies. Hiring experienced solicitors will be the best choice for property buyers and sellers. Professional conveyancing services offered by a licensed solicitor will include things such as: advice for first time home buyers, advice regarding Queensland transactions, representation for commercial real estate transactions, refinancing and mortgage advice, and property auction enquiries.