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What does a property conveyancer do?

Posted by admin on October 27, 2019
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Whether you’re looking to buy or sell your home, you’re going to need the services of a Property Conveyancer. You can certainly look to DIY, however with the stress that already comes with property purchases, why put yourself through more? 

Conveyancers handle the transfer of the legal ownership of a property from Seller to Buyer. Meaghan Paras from Pink Conveyancing recommends you contact your conveyancing specialist prior to signing the contract of sale to ensure you understand your rights and obligations in the process.

“In QLD ‘time is of the essence’ so you must ensure you are able to meet your obligations on the due date.”

“A common mistake often made by sellers is committing to sell the property with ‘vacant possession’ when there is a tenancy agreement in place. In this instance if the tenant does not vacate the property by settlement the seller is in default of the contract which can have serious financial consequences on the seller. It is always best to speak with your conveyancing specialist prior to signing the contract to ensure you understand the your rights and obligations.”

Sale Conveyancing Process

Here’s what you can expect your conveyancer to do…

Get the contract conditions satisfied

  • Review contract of sale and notify you of any issues
  • Work hard towards achieving satisfaction of buyer conditions
  • Keep your sales agent informed

Get all the legal paperwork sorted

  • Provide you with all legal paperwork to facilitate transfer
  • Liaise with your bank, other parties solicitor, agent to co-ordinate settlement
  • Prepare settlement figures to ensure you are only paying for rates, water, utilities up to settlemen

Get you paid (the FUN bit!)

  • Arrange for the smooth settlement of the property
  • Attend settlement to make sure nothing goes wrong
  • Bank your cheque
  • Notify agent once settled to ensure balance deposit (after commission) is paid to you

For more details, contact Meaghan Paras from Pink Convancing, Runaway Bay.

 

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