What Does a Conveyancer Do?
Licensed Conveyancers in NSW are professionally qualified to advise clients in the legal matters involved in the buying or selling of property or businesses within NSW.
When do I instruct my Conveyancer?
You should speak to your conveyancer as early as possible, ideally before you look for a property or before you decide to put your property on the market.
Never sign anything before consulting your conveyancer. If you are asked to sign a contract, request a copy of the contract first. Your conveyancer can then review the contract with you before you sign. There is no such thing as a standard contract.
Working with your Conveyancer
The conveyancer will work with you from the beginning of the transaction and will explain the various processes and stages, including what is required of you by State and Federal law.
Most conveyancers will advise on the following:
- Obtaining the information necessary to complete your transaction
- Reviewing the contract for sale or purchase
- Arranging building and pest inspections
- Examining a strata inspection report (if the property is in a strata scheme)
- Exchanging the contract of sale or purchase
- Paying the deposit
- Arranging payment of stamp duties
- Preparing and examining the mortgage agreement
- Checking for outstanding arrears or land tax obligations
- Ascertaining whether any government authority (e.g. local council, Sydney Water, NSW Roads and Maritime Services) has a vested interest in the land or if any planned development could affect the property
- Conducting searches to reveal information that may not have been previously disclosed
- Calculating adjustments for council and water rates for the property settlement
- Facilitating the change of title with Land and Property Information NSW
- Completing any final checks prior to settlement
- Attending settlement.
As the transaction progresses, the conveyancer will advise you on what options you have and inform you so you can make informed choices and proceed through to settlement as easily as possible.