When it comes to the buying or selling of a property, there may arise the need to appoint a conveyancer. This is because a conveyancer can provide you with real estate settlement services, like advice and information, prepare documentation, and help you through the settlement process. It is important that the conveyancer is licensed to work for you.
What is conveyancing?
Conveyancing is the legal process of transferring the title of real estate or land from one person or entity to the new owner. The transfer of property to a new owner typically consists of the following:
• Entering into a contract for the sale of the property – it involves the signing of legal documents of offer and acceptance by both the buyer and seller.
• Financial settlement.
• Registration of the transfer and other documents in the buyer’s name.
What can a conveyancer do for you?
A conveyancer is a licensed professional who specialises in the preparation of all necessary legal documents for the purchase or sale of a property. The duty of a conveyancer involves overseeing the whole settlement process while ensuring that the client’s interests are fulfilled in every respect.
When do you need to appoint a conveyancer?
A conveyancer is a right choice for the following reasons:
• Purchase or sale of a property
• Land sub-division
• Change of a title
• Registration, change or removal of an easement
Conveyancing in Western Australia
In Western Australia, both a solicitor or a licensed settlement agent can perform the task of conveyancing. The allows a conveyancer to deliver the following duties:
For the Buyer
Document Arrangement: The conveyancer prepares, clarifies and lodges documents for transfer of title to the buyer.
Property Settlement: Act on behalf of the buyer for successful delivery and settlement of property transfer on the due date. This includes undertaking research on the certificate of title of the property, financial settlement, etc.
For the Seller
Preparation of transfer documents
Represent the seller in all dealings with the buyer, like asking title questions, making a request to extend dates, etc.
Choosing a Conveyancer
You have your choice when it comes to selecting a conveyancer as per the laws and regulations in Western Australia for residential property settlements. You could opt for DIY conveyancing, but remember, real estate law is complex, and if a mistake is made, you could be paying more with the DIY kit than the cost of a conveyancer.