From the signing of the Contract of Sale, to the picking up of keys from the Estate Agent, a conveyancer plays an important role in coordinating settlement so that everything goes according to plan.
A conveyancer will take control of all legal and administrative tasks that are affiliated with the settlement of your property. They ensure that settlement is finalised on time, that you avoid any unnecessary fees, and that you are legally informed about any legal obligations that may apply to your property.
Here’s how a conveyancer can help you:
Amending, Reviewing and Executing the Contract of Sale
A conveyancer is usually your first point of contact after discussing a potential purchase or sale of a property. They are able to draft legal documents (such as the Section 32) and completely review, amend and question clauses in the Contract of Sale that may hinder your ability to go ahead with the finalisation of a purchase or sale.
Quite often, a conveyancer can review a Contract of Sale to determine if there are any inconsistencies in the clauses that relate specifically to your property size, location and land specifics. This ensures that your rights are protected, and that you have a complete understanding of what will be involved if you go ahead with the settlement of your property.
A conveyancer’s expertise in obtaining land documents, such as previous Title or Caveat documents, makes the settlement process a lot smoother and easier to understand. This process also enables conveyancers to uncover any information that may not have been previously disclosed or known.
Legal Advice and Property Guidance
Conveyancers are able to provide you with sound legal advice regarding the purchase of property, the sale of property, and the legal ramifications that are associated with either. This can include anything from legislation that applies to the subdivision of land, to the further investigation of listed covenants and easements.
It is their main job to ensure that all legal rights and obligations are transferred from one person to another, so that the transfer of ownership process is as smooth as it possibly can be.
It’s important to discuss your purchase or sale with a conveyancer to ensure that there are no pieces of information that you may have missed. Obtaining advice from a conveyancer from the beginning of the purchase/sale to the end will help to clarify all grey areas and keep the process on the right path.
Liaising with Estate Agents and Financers
Your chosen conveyancer is your direct contact when it comes to discussing matters with estate agents, finance brokers and associated third parties. The arrangement and booking of settlement time and location, the correct distribution of cheques at the time of settlement, and the certainty that settlement will go ahead is completely coordinated by a conveyancer.
Your conveyancer will often discuss the sale or purchase of your property with the affiliated estate agents, your financer and other third parties, such as council representatives, meaning that you do not have to continue to call or chase documents.
The investigation and confirmation of council zoning, strata planning (where applicable), and sewerage are some of the more common reasons why your conveyancer will communicate with third parties.
Administrative Tasks and Organising Utilities
One of the additional services that some conveyancers provide is assistance with contacting local council and local utility providers to ensure that everything is ready to go once you move in. This includes corresponding with your local council to confirm rate details, confirming local water supply, and organising government checks and certificates.
Your conveyancer will be able to ensure that all administrative tasks associated with the transfer of ownership of your property is completed, including making sure that necessary taxes are paid and all previous outstanding loans and mortgages are acknowledged.
With the help of a conveyancer, tedious settlement processes can be made far simpler. They are worth every cent, and are the key to a successful settlement.