What Does a Conveyancer Do?
When buying or selling a property in Australia, you may have heard people telling you that you’ll need a conveyancer. So, what does a conveyancer do, and what do they have to do with property investing? Let us explore their role in this blog to help you learn more about their responsibilities in every property transaction.
What Does a Conveyancer Do?
In a broader sense, a conveyancer is a professional responsible for making your property transfer or transaction process much easier. They focus on legal processes, such as drafting agreements, preparing documents, reviewing contracts, conducting property searches, and more. However, it is important to note that their roles and responsibilities will vary depending on whether you buy, sell, or transfer a property.
Understanding the Role of a Conveyancer
In this section, let us discuss the essential roles of a conveyancer in property transactions.
1. Organise Local Searches
If you are buying a property, viewing or visiting the place wouldn’t be enough for you to know everything about it. There may be legal issues, planning requirement problems, and other factors that may affect the property’s overall value.
For this reason, conveyancers will help you uncover everything you need to know about the property by arranging local searches. These searches cover property title examination, checking for outstanding mortgages or liens, boundary verification, and planning or environmental issues investigation.
These searches may be a legal requirement, a demand from the mortgage provider, or both. Either way, it is the conveyancer’s duty to inform their client of the results.
2. Prepare and Review Contracts
Drafting and reading contracts can be a headache, especially when you don’t have extensive knowledge about the legalities of buying a property. Conveyancers do contract reviews to protect your rights and interests. They will also handle contract preparation to make sure that they are comprehensive and accurate and will work best for you.
3. Fill Out Legal Forms and Gather Necessary Documents
Whether for title transfer or property sale, a lot of paperwork is involved in property transactions. Luckily, conveyancers can help make this step easier for you. Here are some common forms that conveyancers in Australia work on:
- -Transfer of land
- -Vendor’s statement (section 32)
- -Financial statement
- -Caveat
- -Mortgage documentation
- -Discharge of mortgage
However, it is important to remember that the list above may change depending on the type of transaction and the legal requirements of the area you’re in.
With Melbourne Conveyancing Group’s professional and experienced conveyancers, this won’t be any of your worries! We will fill out legal forms and prepare all necessary documents for a smooth transaction.
4. Liaising with Relevant Parties
Conveyancers will also act as a liaison throughout the property transaction. When you hire conveyancers, you won’t have to worry about contacting real estate agents, solicitors, mortgage lenders, and government agencies. You can let these professionals handle the process for a stress-free journey.
5. Monitor Progress
While the conveyancers will handle most legal processes, you won’t be left in the dark during the transaction. These conveyancers will maintain a clear line of communication, monitor progress, and ensure that they keep you up to date on how everything is going with the property you want to sell, buy, or transfer.
6. Facilitate Settlement
Of course, conveyancers will still be there to assist you when it’s time to settle the transaction. They will see to it that all parties will be ready for the property transfer and attend the settlement on your behalf. In doing so, they can oversee the process and check the documents and funds exchanged to make sure that the transfer of ownership has followed the agreed-upon terms.
7. Provide Legal Advice
If you have questions about the process—legal terms you’re not familiar with, documents you don’t understand, contract clauses that don’t make sense to you, etc.—you can ask your conveyancer so they can provide you with legal advice and guidance.
They can also help you understand the risks you may face during the transaction and how you should address them effectively. With their expertise and knowledge, you can make informed decisions while protecting your rights and interests.
Need a Conveyancer? Contact Us Today!
Behind every smooth and successful property transaction is a legal expert who’s willing to lend a helping hand along the process. Now that you’ve got the answer to your question, “What does a conveyancer do,” you have already understood the crucial part they play in property sales or transfers.
So, if you want to be free from the hassle of dealing with the legal aspects of property transactions, contact Melbourne Conveyancing Group. We have a team of the most trusted conveyancers in Melbourne with over ten years of experience. You may reach us at 0426 385 900 or info@melbourneconveyancinggroup.com.au.