The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
Conveyancing is the process of transferring the ownership of property from one person to another. It includes the drafting and execution of documents such as deeds and contracts and also involves liaising with a number of other professionals including estate agents, mortgage brokers and land registry officials. Below are the roles of a conveyancer sydney:
1. Drafting documents
The first step in the conveyancing process is to draft the necessary legal documents. This will include a contract of sale which out order to be legally binding must be signed by both the buyer and the seller.
2. Liaising with professionals
As well as drafting documents, a conveyancer will also need to liaise with a number of other professionals. This includes estate agents, who will provide information on the property being sold, and mortgage brokers, who will arrange the financing for the purchase.
3. Land registry
One of the most important aspects of conveyancing sydney is ensuring that the transfer of ownership is registered with the land registry. This is a legal requirement in order to protect the new owner’s interest in the property.
Another key role of a conveyancer is to carry out searches on the property being bought. This includes checking for planning permission and whether there are any outstanding debts or charges against the property.
Once all of the necessary documents have been drafted and all searches have been carried out, the conveyancer will arrange for completion to take place. This is when the buyer pays the agreed purchase price and takes ownership of the property.
6. After completion
Once the sale has been completed, the conveyancer will register the new owner’s details with the land registry and provide them with a copy of the title deeds. They will also liaise with the mortgage lender to ensure that the mortgage is registered correctly.
Expertise and knowledge – One of the main reasons to hire a conveyancer is for their expertise and knowledge. The conveyancing process is complex and there are a number of potential pitfalls that can occur. A conveyancer will be able to navigate their way through the process and ensure that everything goes smoothly.
Save time – Another reason to hire a conveyancer is to save yourself time. The conveyancing process can take several weeks to complete and can be very stressful. By hiring a professional, you can relax knowing that everything is being taken care of.
Peace of mind – Hiring a conveyancer will also give you peace of mind knowing that you have someone on your side who is experienced and knowledgeable. This can be invaluable when dealing with something as important as buying a property.
Cost – Although hiring a conveyancer will incur a cost, it is important to remember that they can save you money in the long run. By avoiding potential mistakes and pitfalls, you can end up saving yourself a lot of money.
Protection – One of the most important benefits of hiring a conveyancer is the protection they can provide. The contract of sale is a legally binding document and if there are any errors or omissions, you could be held liable. A professional will check over the contract to ensure that everything is in order and that you are protected from any potential problems.
Conveyancing is a complex process with a number of potential pitfalls. It is therefore essential that you hire a professional conveyancer to handle the sale of your property.
The role of a conveyancer is very important in ensuring a smooth transaction for everyone involved in a property sale. If you are buying or selling property, it’s necessary to understand what a conveyancer does and how they can help you.