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If you’re new to real estate, you may be wondering why you need a conveyancer, and what their role is in your property journey.
Well, worry no further. We’ve created a simple, easy-to-read guide to help you answer questions such as:
In Canberra, conveyancers are professionals who work to make sure you meet your legal obligations in a property transaction.
Conveyancers perform tasks such as:
Although, at this point in time, it is not legally required to engage a conveyancer, it is highly advised. There are affordable DIY kits in the market, but due to the complicated nature of conveyancing, one error could result in substantial consequences, such as the loss of your ten percent deposit.
It may be ideal to begin researching or contacting conveyancers soon after you consider:
How much does a good conveyancer in Canberra cost?
There are a number of factors that could determine the cost of your conveyancing. Such factors include:
As a rough estimate, Canberra conveyancing fees could cost between $900 and $1500.
On a $1300 conveyancing fee, you may expect:
What is a conveyancing ‘search’?
When researching conveyancers, you may have frequently read or heard the term ‘performing a search’.
A brief definition of a search would be the action taken by a conveyancer to confirm if the parties involved with the transaction have the legal right to buy or sell the property.
What types of conveyancing searches are there?
The types of searches required are dependent on the nature of the transaction. Types of searches could include land tax searches, title searches, registered plan searches, transport and main roads property searches and more.
What are professional fees?
Professional fees are determined by the various professional costs associated with the conveyancing. They could include your conveyancer’s time and advisory, stationary and printing costs, overheads, various administrative costs and more.
It can be understandable to confuse conveyancers to solicitors, as both can specialise in property law.
Generally, however, a conveyancer’s expertise will primarily be in property law, whereas solicitors may provide services for other aspects of law. As a result, one may prefer to choose a Canberra conveyancer for a more straightforward transaction, such as the purchase of a new property in Red Hill, or choose a solicitor for a more intricate matter, such as the division of assets during a divorce settlement.
This is just a general guide and we do recommend speaking with a conveyancer or solicitor about solutions to your particular situation.
Transactor is the app that has changed the way of going about property transactions. With one click, everyone involved can see the status of a property transaction, from the negotiation stage to finalising a deal.
And by everyone, we don’t just mean the buyer and the seller – this includes every single party involved, from agents, to conveyancers, to mortgage brokers, to financiers. All these people can communicate through one platform, and visually see a timeline for the whole process, from start to finish.
Whether you’re in Lyons, Deakin, Weston Creek or anywhere in Canberra, Transactor can also help you find the right person for the job at a location convenient for you. If you’re looking for a Canberra conveyancer in a suburb near you, simply click below: