Conveyancing simplified: Defining the process and key roles

Made the decision to buy or sell a property but are unsure what to do next? As there are several legal aspects to a property transaction, we highly recommend engaging a solicitor or licenced conveyancer as early as possible to provide advice and step you through the conveyancing process.

WHAT IS CONVEYANCING?

Conveyancing is the process of transferring ownership of land from the seller (vendor) to the new owner (purchaser). It includes everything from the preparation of the contracts of sale to the handing over of title to the property at settlement.

WHY DO I NEED A CONVEYANCER?

As qualified professionals, a solicitor or licenced conveyancer’s role is to provide advice and clearly explain the meaning and importance of each document used in the conveyancing process.

A conveyancer helps to ensure a smooth transaction and to resolve potential issues or disputes quickly, reducing the stress and anxiety of buying or selling property. They also facilitate communication between parties, including the purchaser, vendor, real estate agent and mortgage lender.

Hence, it is essential to have a professional who you can trust when buying or selling a property.

While conveyancing fees may seem like an additional expense, engaging a solicitor or licenced conveyancer can actually save you money in the long run as they can identify potential issues early on and assist you to avoid costly mistakes.

WHAT IS THE DIFFERENCE BETWEEN A LICENSED CONVEYANCER AND A SOLICITOR?

Licensed conveyancers are professionals who are qualified to help you with property transactions, including buying or selling property.

A solicitor on the other hand can perform all the tasks a conveyancer does but also has a broader knowledge of property law, can typically give more detailed advice than a conveyancer and can provide additional legal services. Solicitors are equipped to deal with complex or unusual property transactions and to assist with dispute resolution, as well as advise on collateral matters which can be affected by a person’s ownership of property such as taxation and estate planning.

HOW CAN BRAND PARTNERS HELP YOU?

Whether you are buying your first home or are a seasoned investor, property transactions are exciting yet complex ventures. For such important transactions you need skilled and trustworthy professionals around to help.

At Brand Partners we have Accredited Property Law Specialists who will guide you through the entire transfer process  –from negotiating contract terms to the handing over of keys.

Call us on 03 9602 5800 now to speak to one of our expert solicitors.