In any property transaction, a conveyancer is essential. They are the professionals who ensure that the process goes smoothly and without any hitches. But what exactly do they do? In this article, we will discuss the seven most significant roles of a conveyancer in Adelaide. Keep reading to find out more!
1. A conveyancer helps to prepare the contract of sale.
This is one of the most important roles of a conveyancer. They will draft up the contract of sale and make sure that all of the relevant information is included. This includes things like the property address, legal descriptions, and details about any special conditions that may apply to the sale.
The contract of sale is a legally binding document, so it is important that everything is accurate and up-to-date. A conveyancer will also check over the contract to make sure that there are no errors or omissions. Once the contract is ready, both parties will sign it and then it will be sent off to be registered with the relevant authorities. If you are selling a property, it is essential to have a conveyancer involved to help prepare the contract of sale.
2. A conveyancer conducts a title search.
As part of the conveyancing process, a title search will be conducted on the property. This is done to check that there are no outstanding encumbrances or liens against the property. The title search will also reveal any easements or covenants that may apply to the property.
A conveyancer will go through the results of the title search with you to make sure that you are aware of everything that is listed on the title. They will also advise you if there are any restrictions on what you can do with the property once it has been purchased. Conducting a thorough title search is an important role of a conveyancer and one that should not be overlooked.
3. A conveyancer helps to arrange finance.
If you are purchasing a property, chances are you will need to apply for a mortgage. A conveyancer can help to arrange finance for your purchase. They will liaise with the lender on your behalf and make sure that all of the necessary paperwork is completed.
They will also attend settlement on your behalf and ensure that the funds are transferred correctly. Arranging finance can be a complicated process, so it is important to have a professional like a conveyancer involved.
4. A conveyancer attends settlement.
Settlement is the final step in the conveyancing process. This is when the property is officially transferred from the seller to the buyer. The conveyancer will attend settlement on your behalf and make sure that everything goes smoothly.
They will liaise with the other parties involved, such as the real estate agents and solicitors, to make sure that everyone is on the same page. The conveyancer will also check over all of the documents to ensure that everything is in order. Once everything has been signed and finalized, the keys to the property will be handed over and you will be able to move in!
5. A conveyancer can advise you on Stamp Duty.
One of the roles of a conveyancer is to advise you on Stamp Duty. This is a tax that is payable on property transactions in some states and territories. A conveyancer will be able to calculate the amount of Stamp Duty that is payable on your purchase and help you to pay it.
They will also lodge the necessary paperwork with the relevant authorities. Paying Stamp Duty is a mandatory part of purchasing a property, so it is important to have a conveyancer involved who can advise you on the correct amount that needs to be paid.
6. A conveyancer can assist with strata searches.
If you are purchasing a unit or townhouse, chances are it will be subject to strata title. This means that there will be a body corporate that manages the property. A conveyancer can help to arrange for strata search to be conducted.
This is done to check for any outstanding levies or repairs that may be required. The strata search will also reveal the rules and regulations that apply to the property. A conveyancer will go through the results of the strata search with you to make sure that you are aware of everything that is listed on it.
7. A conveyancer can help with the preparation of transfer documents.
One of the final tasks that a conveyancer will do is to help prepare the transfer documents. These documents are necessary for the transfer of ownership of the property to be completed. The conveyancer will make sure that all of the necessary information is included in the transfer documents and that they are lodged with the relevant authorities.
Once everything has been finalised, the keys to the property will be handed over and you will be able to move in! Hiring a professional conveyancer is an important step in ensuring that your property transaction goes smoothly. They will take care of all of the paperwork and liaise with all parties involved on your behalf. So, if you are thinking about purchasing a property, be sure to engage the services of a conveyancer.