The Conveyancing Timeline for Conveyancers in Melbourne

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Conveyancing Timeline for Conveyancers in Melbourne
30 Apr, 2021

The Conveyancing Timeline for Conveyancers in Melbourne

Everything takes time. Building a house could take several months to years, four to six months
for renovations, and approximately eight to twelve weeks for buyers or sellers and conveyancers
in Melbourne to complete the transaction.

In this blog, we will walk you through the basic conveyancing timeline for buying or selling
properties in Australia. Let\u2019s begin!


1. Pre-Contract Work or Preparation

Estimated timeframe: 1-3 weeks

During this stage, the seller hires a conveyancer to gather all the necessary documents and
information. This may include the title deed, property certificates, zoning information, and any
encumbrances or encumbrances.

2. Contract Preparation

Estimated timeframe: 1-2 weeks

One of the conveyancer\u2019s responsibilities is to prepare the contracts for the sellers. This legal
document must include the necessary information, terms of sale, and other specific clauses.

3. Finding an Agent

Estimated timeframe: 6-8 weeks

While this isn\u2019t a part of the actual conveyancing process, finding a real estate agent is essential
in marketing and selling your property. When searching for one, you have to make sure that they
have a mutually beneficial commission rate and can cater to your needs. Further, here are some
qualities of a good real estate agent you must keep in mind:

  • -good communication skills
  • -has extensive knowledge of the local real estate market
  • -good credentials
  • -licensed
  • -has years of experience
  • -great personality
  • -positively reviewed

With these qualities, you will have a smooth selling process for your property. These agents will
work with you to calculate a price based on your property\u2019s market value and condition. After that,
they will list your property on the market.

4. Review Offers

Estimated timeframe: 2-3 days

You\u2019ll receive offers for your property a few days or weeks after your property is listed on the
market. You can take 2-3 days to review these offers or as long as necessary. Just make sure
that you get your investment\u2019s worth.

Once your party accepts the offer, you will engage with the buyer\u2019s conveyancer. They can
request changes to the terms and negotiate with you until both parties come up with a fair

5. Exchange of Contracts

Estimated timeframe: 1 day

This stage is when both parties exchange and sign the final contract after agreeing to the terms
of the sale. Usually, the buyers also pay a deposit.

6. Pre-Settlement

Estimated timeframe: 4-6 weeks

The buyer\u2019s party will most likely perform due diligence on the property. This may include
inspections and searches to ensure that the property is in good condition and that they won\u2019t have
to deal with any issues later.

After these inspections, the seller\u2019s conveyancer outlines the adjustments for taxes and rates, if
any, in the settlement statement.

7. Settlement

Estimated timeframe: 1 day

The final stage that the conveyancers in Melbourne or anywhere in Australia are going to handle
is the settlement. During this, the property\u2019s ownership is transferred to the buyer, who will then
pay the remaining balance of the purchase.


1. Preparation

Estimated timeframe: 1-2 weeks

Let\u2019s say you\u2019ve already secured your finances and chosen the right loan for the purchase. The
next thing to do is search for a house, apartment, commercial building, or whichever you need.
Browse the internet and look for a property that will suit your budget and preferences.

It is also crucial to seek a conveyancer before taking any steps. This way, you\u2019ll know that a
professional will take care of the legal aspects of the transaction.

2. Contract Review

Estimated timeframe: 1-2 days

You will receive a contract for sale, which details the features of the property, essential
information, terms, and other conditions. When reviewing the contract, always make sure to read
everything, as there may be something you want to change or negotiate with the seller.

3. Make Your Offer

Estimated timeframe: 2-3 days

Once the parties have mutually agreed to the contract terms, the buyer can present their offer to
the seller and pay the required deposit. Both parties should also sign the final document to seal
the deal.

4. Due Diligence and Inspections

Estimated timeframe: 2-4 weeks

As a buyer, you must make sure that the property you\u2019re about to own is free from any issues.
Therefore, property checks like building and pest inspections are necessary. On the other hand,
the conveyancer will take care of the legal aspects of the transaction, including searches for
outstanding issues or encumbrances on the property.

5. Pre-Settlement

Estimated timeframe: 4-6 weeks

Like the conveyancing process of selling a property, the next thing to do after conducting due
diligence is to coordinate with the seller\u2019s party and ensure that all conditions are met. Then, it is
time to prepare for settlement.

6. Settlement

Estimated timeframe: 1 day

Whether it is for Melbourne conveyancing or anywhere else in Australia, settlement is one of the
most important stages of conveyancing. This is when the buyers finally own and get the keys to
the property.

7. Post-Settlement

Estimated timeframe: 6 weeks

The seller\u2019s conveyancer will arrange the transfer of ownership with the land registry office, which
will register your name as the legal owner of the property in around six weeks.

Hire Melbourne\u2019s Conveyancing Group Today!

The timeline outlined above is just an overview of the standard conveyancing process, as the
timeframes and procedures will vary depending on the state, territory, and individual

circumstances. That is why conveyancers in Melbourne and anywhere else are essential to keep
the process stress-free.
Melbourne Conveyancing Group is one of the most trusted conveyancers in Melbourne. Working
with us means you won\u2019t have to deal with unnecessary stresses involved in the legal aspect of
buying or selling a property. Plus, we operate seven days a week! Tell us how we can help you
by speaking to one of our teams at 0426 385 900 or email

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