A brief guide to how conveyancing works

You’ve found it – the home of your dreams. What’s more, you got it at an excellent price. Everything is looking rosy. But now comes the boring part – all the paperwork and legal hurdles that stand between you and your new home.

Unfortunately, buying and selling a piece of our wide brown land isn’t as simple as buying and selling a used electrical appliance. There are a surprising amount of documents that need to be settled and signed; so many that there is an entire profession devoted to it.

It’s wise for both the home buyer and the home seller to employ a conveyancer to assist them in navigating these often treacherous legal waters. There is a lot of legal and real estate jargon to understand and comply with when it comes to conveyancing in Lane Cove, and the average home buyer on the street can quickly become lost in the rules and regulations of transferring a home’s ownership.

Conveyancing is the transferral of ownership of a property between one person or entity and another. The process can be divided into three separate stages:

• Pre-contract

• Pre-completion

• Post-completion

The professional who takes care of the conveyancing process is, unsurprisingly, called a conveyancer. They are tasked with providing advice, information and direction to either the buyer or the seller, in order for the transaction to run smoothly and be fully legal.

If you’re a buyer, a conveyancer is able to;

Prepare, assist with and lodge legal paperwork

• Undertake research into a property and its certificate of title

• Calculate any appropriate rates and taxes

• Be a trusted third party for the deposit amount

• Represent your interest with a vendor or agent

• Settle a property on your behalf

If you’re a seller, a conveyancer can;

• Prepare, assist with and lodge legal paperwork

• Represent your interest and respond to any requests from the buyer

Essentially, a conveyancer is there to make life easier for home buyers, and to ensure that you are able to quickly and confidently move into your new home without the worry of legalities hanging over your head.