If you have finally found the house of your dreams and you are ready to make the purchase or you are planning to sell your house, a conveyancer is the person that you should look out for. He/she will help you to transfer the legal rights or title of a land or property from one person to another. They are licenced and professionally qualified persons who will give you advice and information regarding a sale of property, prepare the necessary documentation for the transfer and carry out the process of settlement. This person is usually required by both the seller and buyer to complete the legal process associated with it. Of course it is not an essentiality to have one but they could make the whole process much easier than you can ever imagine. So better pick one and have it ready when your real estate agent asks for a name. Property conveyancing Sydney usually has three stages of communication or interaction, once before contact, next before completion and finally after completion. It may be important in situations such as buying or selling property as mentioned above, also in dividing land, and updating title after death of owner and registering, removing or changing easement.Some may confuse a conveyancer with a commercial property lawyer but there is a difference.
They are both professionally qualified in legal transfer of rights of property as well as legal work pertaining to re-mortgage, lease extensions, and transfer of equity. A conveyancer can acts on both buyer’s and seller’s side rather that a solicitor who works only from one side. It is quite a controversial point where there can be conflict of interest. With respect to the buyer; they will put together, clear out and submit legal documents like contract for sale and memorandum of transfer; they will you’re your deposit money in a trust account; also assess type of title and other information to be addressed; calculate the taxes and rates of adjustment; and settle the transfer and contact your bank to inform of it. With respect to the seller, they will get all legal documents sorted, and represent seller to the buyer and relate to all their requests. While solicitors are required to disclose referral fees the conveyancers aren’t, as a result some solicitors later convert to licensed conveyancers for commercial freedom. Solicitors work in law firms and has a broader knowledge pertaining to tax planning, wills, litigation and many other. Whoever you choose out of the two, they will make the process easier for you, so don’t hesitate to get help and save yourself trouble. For more information, please click here.
