You’re ready to buy or sell some property in Sydney, and everyone keeps talking about a conveyancer. What is a conveyancer? What do they do and what is the point? These are good questions that have real answers. A conveyancer is a licensed professional who helps handle the legal transfer of property from one party to another. They ensure the transfer meets Australian and local laws throughout the process. They are a critical part of any transaction, but especially high-value property transfers.
The professional attorneys at GJA Law are skilled lawyers and conveyancers. We ensure legal compliance at every step, making you feel comfortable about your next sale or purchase. We help you understand what a conveyancer is and why they are so important.
Knowing the Key Duties of a Conveyancer
Knowing what to expect, and what your conveyancer is responsible for, can help you move forward with your purchase or sale confidently.
Legal Document Preparation and Review
Your conveyancer can help with the contract of sale and the vendor’s statement in your transaction. These documents, among countless others, include all of the details of your transaction. These could include:
- Individual agreements
- Property details
- Property condition
- Disclosures about the property
- Other critical information
Your conveyance must ensure everything is correct and above board in the transaction.
Conducting Property Searches
Conveyancers help investigate hidden issues with the property. They will look for:
- Title issues related to ownership
- Planning restrictions
- Zoning problems
- Any delinquent land or rates tax issues
- Easements or covenants on the land
You don’t want these issues to pop up after your transaction, so a conveyancer’s search is critical.
Helping with Financial Adjustments
A conveyancer can help adjust for water bills, strata levies, council rates, and more. They can help ensure each party pays their fair share in anticipation of the settlement. They can also work with the bank or financial institution to facilitate the release of mortgages or other issues.
Working Towards Settlement
Settlement is the last step in the process. The conveyancer will:
- Transfer funds and make the proper arrangements
- Lodge documents with the correct land registry
- Ensure the buyer gets the legal ownership they deserve
- Notify proper authorities about land ownership change
These steps and many more are best done with the advice and guidance of your land conveyancer. They can help you with so much of the transaction.
Why You Really Need a Conveyancer
A conveyancer is not just a nice thing to have. It is a critical part of a safe and secure property transaction, especially in high-value asset situations. A conveyancer helps ensure legal compliance. Property transactions are subject to strict legal requirements throughout Australia, and especially in popular areas like Sydney’s Lower North Shore.
A conveyancer also gives you peace of mind. They handle all the legalities, paperwork, and the countless deadlines. Missing any of these requirements can be problematic, but you don’t have to worry about when a professional is on the case. Conveyancers also help save you money from legal disputes and issues down the road. They offer tailored support for your unique needs.
What To Look for in a Conveyancer
When looking at a conveyancer, consider all of the following:
- One with the correct licensure in your area
- A conveyancer with years of experience
- A trusted presence in your community with a stellar reputation
- One who communicates with you and listens to your needs
- A conveyancer who is upfront about fees and how they work
Use a Conveyancer When You Are Ready to Buy or Sell
A conveyancer is a pivotal part of your next transaction. They help with drafting contracts and handling the significant number of logistical aspects you have to consider in a property transaction. In the popular Sydney market, you want an experienced conveyancer and attorney to help ensure your transaction goes off without a hitch.
Consult with the skilled real estate attorneys at GJA Law for help with your real estate transaction. Contact us today for a consultation.