Have you finally found the home of your dreams after pouring through the real estate pages for weeks on end? Have the kids finally moved out, so it’s time to sell your current home and move on to your next adventure? Maybe your business growth means that it’s time to look for new premises? Or, perhaps you’ve found the perfect block of land to subdivide?
Whatever your circumstances, all you have to do now is arrange the finance, right?
If only it were that simple.
Property transactions of any kind can be complex and generally involve loads of paperwork and legal documents. So, if you’re not experienced in the property transaction process, it’s time to talk to an experienced conveyancer.
What is conveyancing?
You’ve more than likely heard the term before, but what exactly is conveyancing, and why is a conveyancer necessary?
Let us break it down for you.
Conveyancing is the process of transferring ownership of a legal title of land to the new owner, whether it’s from a person or an entity.
And, along with that comes all the legal requirements and obligations over the title and the property itself. While it might be tempting to try and save money and do it yourself, the reality is, that if something goes wrong, you not only run the risk of settlement falling through, but you could also be left out of pocket.
But, if you engage the services of a professional, experienced conveyancer, if a mistake is made, their professional indemnity insurance will cover you. So, ask yourself, is it really worth taking the risk?
Why not save yourself time, money, and stress by letting an experienced conveyancer do the hard work for you. Which means you’ll have a smooth, simple, stress-free property transaction.
Now, who wouldn’t want that?
What exactly will a conveyancer do for me?
Quite simply, a conveyancer is a licensed professional whose job is to provide advice, information and guidance specific to your situation.
And when you buy or sell property, subdivide land for redevelopment, enter into a commercial leasing arrangement, or complete a family or matrimonial property transfer, it’s important to engage an experienced conveyancer to act on your behalf.
As to what a conveyancer does, they’re highly skilled in property transaction processes, including:
- Preparing or reviewing the Contract of Sale and Form 1 on your behalf and explaining what the terms and conditions mean in simple terms.
- Ordering and reviewing title searches on the property. Whether you’re buying or selling, it’s important to be aware of anything affecting the property, including easements, encumbrances, etc.
- Undertaking Verification of Identity, which is a legal requirement by the Register General.
- Preparing the many legal documents required to change ownership of the property.
- Arranging for the signing of all necessary documentation, lodgment of these legal documents, and attending to the payment of stamp duty and all applicable registration fees.
- Assisting you with any legal obligations required under the Contract of Sale, including works to be completed before settlement.
- Clearly and simply explaining the importance of each step so that you understand what’s involved.
- Discussing insurance obligations with you. That is, when and if you should take out insurance.
- Calculating the adjustment to rates and taxes and preparing the settlement statement.
- Liaising with all other parties involved in the process, including financiers and mortgagors.
- Attending settlement on your behalf and advising you once settlement or the subdivision process has been completed.
- Notifying all appropriate government departments and agencies of the change of ownership and advising you that this has occurred.
How do I find the right, experienced conveyancer for me?
Finding a professional, highly experienced conveyancers in South Australia is vital to ensuring a smooth, simple, stress-free property transaction.
So, here’s what you should look for when deciding on the right conveyancer for you:
- Provides professional, caring, honest, and ethical advice and service tailored specifically to your circumstances.
- Experienced in all aspects of conveyancing including, residential buying and selling, commercial property transactions, commercial leasing arrangements, land subdivisions, and family and matrimonial transfers.
- Through regular professional development training, provides the latest conveyancing advice.
- Is a PEXA Certified user and an active user of E-Conveyancing.
- Services both metropolitan Adelaide and regional South Australia.
Summing up
Finding the right conveyancer will be worth their fees many times over, as they’ll save you so much more than just money throughout your property transaction process.
Quite simply, your conveyancer will be the one person who acts solely on your behalf during the entire process and ensures your rights and interest are protected. But above all, your conveyancer aims to make your property transaction experience smooth, simple, and stress-free from beginning to end.
To find out more about the conveyancing process and how finding the right conveyancer can make all the difference to your property transaction process, contact the highly experienced team at Beltana Conveyancing. We’d love to have a chat and find out how we can help you achieve your property goals.
