Buying property - the conveyancing process
So you have finally found the property of your dreams, made an offer and it has been accepted.
And then the agent asks:
“Who is your conveyancer?” while you stare at them blankly, thinking: “My what?”
When you go to buy a home your conveyancer plays a vital role.
It is their job review the contract for sale and purchase of land and advise you of the terms and conditions.
They are also responsible negotiating on your behalf with the vendor’s conveyancer or solicitor if required.
How will my conveyancer help me buy property?
They will also research the property and its certificate of title – check for easements, type of title and any other information that needs addressing.
Finally, they will handle all the administration and paperwork associated with the transfer of title (or deeds) including placing deposit money in a trust account, calculating the adjustment of rates and taxes, liaising with your financial institution to ensure funds are available at settlement and settling the transaction.
While the process can seem straight forward, having effective professional representation can save your time and money. This is especially the case when things don’t go as expected.
For more information on what to expect when buying a home visit the Law Society of NSW’s website where you can download a free copy of Your Guide to Buying a Home
Ms Deeds can help you with purchasing residential and commercial properties in New South Wales. We offer mobile and digital conveyancing services for all NSW property transactions.
Call us on 0473 988 648 or email ashley@msdeeds.com.au