The Role of the Conveyancer
Conveyancing is the process of transferring the ownership of property from one person to another.
Licensed conveyancers are specialists in property law and are required to have specific qualifications. This ensures that they are aware of the legal responsibilities and obligations associated with the transfer of property.
The paperwork and processes involved in selling a property are extremely complex and REISA strongly recommends that you engage the services of a properly qualified, licensed conveyancer to undertake your conveyancing work following execution of a contract of sale. Your conveyancer will:
- Complete and lodge all relevant documents with the Department of Land Services
- Search the certificate of title
- Search government departments and local authorities for anything that may affect the property such as encumbrances or caveats
- Make necessary enquiries about zoning, titles and rates (council and water)
- Adjust rates and taxes
- Liaise with the purchaser's conveyancer regarding settlement
- Ensure that all special conditions in the contract are fulfilled before settlement takes place
- Liaise with fiinancial institutions regarding funds required to proceed to settlement
- Prepare the settlement statement
- Attend settlement on your behalf.
To find a REISA member conveyancer to act on your behalf, click here
For further information regarding the conveyancing process, visit the Australian Institute of Conveyancers' website at www.aicsa.com.au
To assist consumers with real estate queries, REISA operates a free information service – REISA Query Connect on free call 1800 804 365, between the hours of 9.00am to 4.00pm each weekday. This service is staffed by knowledgeable real estate professionals with many years of practical experience.