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Conveyancing conveyancing solicitor conveyancing solicitor conveyancing solicitor conveyancing solicitor conveyancing solicitorConveyancing is the transfer of ownership of any property from one person to another and there are a number of stages involved in the conveyance process. The legal work involved in preparing the sales contract, mortgage and other related documents, is called conveyancing. The act of Conveyancing can be carried out by yourself, a conveyancer or a convayancing solicitor. Do it yourself kits are readily available but be prepared to take a responsible approach to your purchase. By using a conveyancer or solicitor you are paying another to take the work load off your shoulder & putting an extra person on the line up for you to sue if the deal goes sourer. Professionals are required to carry indemnity insurance, however wether this is going to be any comfort to you at the end of the day is debateable.The steps taken in the Conveyancing process are pretty similar whether a purchase at auction or purchase by private treaty. Decide on a budget, get your finances in order,line up a desireable property, get an offer accepted (property, inclusions price & terms) exchange a contract with a signature & hand over some form of deposit (cash or guarantee bond), get the title checked out by requisitions, papers to the lands title office to register the transfer of title, dither up accounts owing on title then settle the proceedings by paying out all interested parties. Usual time frame from exchange to settlement 42 days but the process can be speeded up or extended to suit the deal. This timing is one of the negotiable terms in any purchase although most parties including agents & conveyances’ won’t bring it to your attention as their interest is in timely commissions. To read a comprehensive blurb on the subject check out your state fair trading website.
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