Frequently Asked Questions
Elite Conveyancing Co. is here to here to guide you and explain the process of conveyancing. If your question is not answered here, please get in touch.
Elite Conveyancing Co. is here to here to guide you and explain the process of conveyancing. If your question is not answered here, please get in touch.
As property buying and selling will often progress faster than you anticipate, it's a good idea to engage a property conveyancer as early as you can, ideally before you start looking for properties or making offers.
The conveyancing process normally starts with the buyer and the owner entering into a contract which sets out the terms on which the residential property is to be sold or transferred. The process completes when there is a settlement and the title is transferred for the agreed purchase price.
A licensed property conveyancer can review the contract with your unique circumstances in mind to provide important advice on what specific terms you may want to negotiate or change.
A licensed conveyancer and solicitor possess equal qualifications in property conveyancing matters. Licensed conveyancers, just like solicitors, must take out professional indemnity insurance and be affiliated with an industry body that outlines a professional code of conduct.
The primary difference is that licensed conveyancers exclusively operate in their area of real property law, known as conveyancing.
A solicitor typically bills by the hour rather than a fixed professional fee. It is commonly understood that engaging a licensed conveyancer will likely cost you less, with the added benefit of directly performing the work without involving legal clerks or secretaries.
Conveyancing is the legal process of transferring property ownership from one person to another. Conveyancing protects the rights of both buyers and sellers. It involves various tasks, searches, preparing documentation and facilitating the transfer of funds. Whether you are buying or selling a property, conveyancing ensures that the transaction is legally binding and all necessary documentation completed correctly.