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What is a conveyancer?
Buying or selling Darwin real estate? Sooner or later, you’re going to need conveyancing.
But what exactly is a conveyancer, and why do you need one? We’ve created this easy-to-digest guide that helps answer a number of popular questions about conveyancing, such as:
Whether you’re buying or selling a property, there needs to be a formal process of legally transferring the ownership of one title holder to another. This process is called ‘conveyancing’, and it’s a conveyancer’s job to make sure this happens for you.
What does a good conveyancer do?
Conveyancer fees in Darwin
Darwin conveyancing pricing varies depending on a number of factors, such as:
As a rough guide, conveyancing may start from $1000 in Darwin.
As a general guide, on a $1300 conveyancing fee, expect:
What are conveyancer professional fees?
Various ‘professional’ fees are involved when hiring a conveyancer. These fees cover the numerous professional and administrative costs needed for your conveyancer to do their job well. This could include your conveyancer’s advisory, time, photocopying, overheads and more.
What are conveyancer search fees?
Why do conveyancers conduct ‘searches’?
Conveyancers conduct searches to confirm if the seller of the property has the legal right to sell the land.
Such searches could include:
Can I (or should I) do the conveyancing on my own?
As of now, it is not legally required to hire a conveyancer. However, it is recommended. Although there are affordable DIY kits in the market, the intricate nature of conveyancing may not be worth the risks of making an error. Mistakes in paperwork could result in substantial financial and legal consequences, such as the loss of your deposit.
Think of the costs involved with paying for a conveyancer as an investment into a successful transaction.
What are the differences between conveyancers and solicitors?
In summary, conveyancers tend to specialise in property law, whereas solicitors may provide services for a diverse range of legal matters.
If this is the case, when should I hire a conveyancer, and when should I hire a solicitor?
You may consider engaging in a solicitor for more multilayered transactions, such as when one would want to discover the tax and legal implications of dividing your assets after a divorce or dissolved business partnership. On the other hand, you may consider engaging conveyancers for simpler, more straightforward transactions - for example, if you plan on purchasing brand new real estate in Wulagi.
It is advisable to speak to a conveyancer or solicitor to discuss your specific needs. When researching, it will be worthwhile to speak a number of different conveyancers and/or solicitors to receive quotes and get a feel for their level of service.
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 Darwin or anywhere else in Northern Territory, Transactor can also help you find the right person for the job at a location convenient for you. If you’re looking for a Darwin conveyancer in a suburb near you, simply click below: