Conveyancing Steps
The conveyancing process is a series of legal steps involved in transferring property ownership from one party to another. Here’s a simple breakdown of the key stages:
Initial Consultation:
You meet with one of our expert conveyancers to discuss your property transaction, whether you are buying or selling. This is when you provide necessary documents and information.
Contract Preperation:
For sellers, your conveyancer will prepare the sale contract and gather relevant documents like property titles and zoning information. For buyers, your conveyancer reviews the contract of sale provided by the seller.
Property Searches:
Your conveyancer conducts various searches to identify any issues related to the property. This includes title searches, council records, and other relevant checks to ensure there are no hidden problems.
Exchanging Contracts:
Once both parties agree on the terms, contracts are signed and exchanged. A deposit is typically paid at this time.
Settlement Process:
This is the final step where the remaining funds are transferred, and ownership of the property is legally transferred to the buyer. Your conveyancer will handle all the paperwork and liaise with banks and other parties involved.
Post-Settlement:
After settlement, your conveyancer will ensure that the new ownership is registered with the appropriate authorities and that all legal obligations are fulfilled.