Frequently Asked Questions
Find quick answers to common queries about our conveyancing services. We've compiled a list of FAQs to help clarify your doubts and provide insight into how we can assist you.
Most Popular Questions
Conveyancing is the legal transfer of property ownership from one person to another.
Typically, conveyancing can take anywhere from 8 to 12 weeks, depending on various factors.
While not mandatory, a conveyancer can greatly simplify the process and protect your interests.
DIY conveyancing can be risky due to the complex legal and procedural knowledge required.
Getting Started
Simply contact us to schedule your initial consultation, and we’ll guide you from there.
You’ll need identification documents, details of the property, and any relevant contracts or agreements.
Absolutely! We’re here to answer any additional questions you may have. Just reach out.
Got a Question?
F.A.Q
01.What does a conveyancer do on a purchase of property?
Full Answer
Conveyancers take the following steps and usually more on your behalf:
- Examine and advise on the contract.
- Negotiate terms that assist the purchaser
- Arrange property inspections eg – pest, building and strata if applicable or enquiries
with improvements and pool compliance - Assist with finance application
- Exchange the contract or assist throughout cooling off period
- Advise regarding payment of deposit.
- Arrange stamping of the contract and transfer the stamp duty for you.
- Assist you with mortgage documentation
- Check Land Tax
- Check whether any Government Department has an interest in the land.
- Look for any undisclosed information such as tree disputes with neighbours
- Calculate water and council adjustments and add them to the electronic workspace
- Attend to settlement and transfer of the property.
02. What to do when selling a property?
Full Answer
A conveyancer will firstly obtain instructions from you in relation to the property and prepare
a contract on that basis. The contract must be accurate and contain certain information to
create a contract that is binding on the buyer. If a document that is required under vendor
disclosure is not added in the contract can lead to the buyer being able to challenge the
contract or seek a reduction in the agreed price.
The conveyancer will liase with the buyer’s legal representative and following exchange will
prepare the matter for settlement. Conveyancers will coordinate the electronic workspace,
ensure all documents that are required are prepared and signed off correctly, correspond
with the lender, prepare the transfer of funds and ensure the property is vacated for
settlement. If the steps by the conveyancer are not taken, the settlement can be delayed or
fail altogether.
03. Thinking about buying or selling property?
Full Answer
It is where a conveyancer comes in – a professional specialising in legally
transferring property ownership. A good conveyancer ensures the transaction occurs
smoothly and correctly, protecting the buyer’s and the seller’s interests.
Purchasing or selling a property is a big financial decision and it is important that you
make the right choices along the way. There are a lot of steps in the conveyancing
process, the costs are relatively small compared to the costs of property, but if there
are errors made, the costs can become really expensive. Property transactions are
what we do and we will ensure your interests are protected right through the process.
- Prompt contract review and advice regarding the contents and conditions
- Negotiation of terms and conditions for the sale or purchase of a property
- Advice regarding lender requirements
- Arrange land enquiries and reports
- Assist with auctions and request amendments before auction
- Ensure property settlements are carried out to a consistent outcome of
every transaction - Good communication is key in ensuring a smooth transaction.
- Flexibility with after hours and weekend appointments
- Fixed fees conveyancing
04. Cooling off period v 66W Certificate
Full Answer
With a cooling off period once the contract is exchanged (normally by the selling agent) the
property comes off the market. You are given a cooling off period which is normally 5 to 10
days and you pay a 0.25% of the sale price non-refundable deposit. Only the purchaser can
rescind (pull out) of the contract. The benefit is that you have time to arrange pest, building
and finance in that time and the vendor cannot sell the property at a higher price to another
buyer during the cooling off period. At the end of the cooling off period you pay the deposit
(the balance 9.75%) to the agent and then the contract becomes unconditional.
66W Certificate
If you do not require a cooling off period (usually you have unconditional loan approval or do
not need finance) you would get your conveyancer to prepare the 66W Certificate. This
certificate locks you into the contract and binds both parties once the contracts are
exchanged. The 10% is also paid in full at that time and is non refundable to the buyer.