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What is a conveyancer?
Are you selling or buying a property, and have been asked to contact a conveyancer? If you’re like many Aussies starting their property journey in Perth, you may have questions such as:
Essentially, a Perth conveyancer’s role is to ensure the completion of your property transaction. They do this by lodging the required documentation, performing relevant searches and can even negotiate the contract on your behalf.
Conveyancing can be your insurance against the potentially disastrous legal and financial consequences of incorrect legal and paperwork during your transaction.
What do conveyancers do?
Perth conveyancers perform a number of tasks, such as:
The cost of your conveyancing are determined by a number of factors, such as the nature of the transaction, the local council it is located in, as well as the overheads of your conveyancer.
As a rough guide, when buying a Perth property, conveyancing may cost between $1200 and $1900. If you’re selling a Perth property, conveyancing may cost between $800 and $1500. Once again, these fees may change depending on the nature of the transaction and your conveyancer.
Conveyancing fee cost breakdown - Perth
With a $1400 conveyancing fee, you may expect:
What are conveyancing search fees?
You may have frequently heard the term ‘performing a search’ when researching conveyancing. Basically, a ‘search’ helps your conveyancer assess whether there are actual legal grounds to sell the property, if there are local council and environmental limitations on the property, if there are any encumbrances on the title, and so forth.
Such searches could include local land charges, register searches, environmental searches, local authority searches, drainage and water searches and more.
The costs and type of the searches will depend on the nature of the property, location and council your target property sits in.
What are conveyancing professional fees?
Professional fees cover your conveyancer’s time, advisory, overheads, stationary and more. Essentially, professional fees cover the various administrative and consultancy costs needed to perform your conveyancing.
DIY conveyancing - is it worth the savings if I do conveyancing myself, without a professional conveyancer?
In Australia, at this point in time, it is not legally required to engage a conveyancer. There are, in fact, affordable DIY kits in the market. This being said, there are numerous, complicated factors associated with conveyancing, and one error could lead to severe financial and legal consequences, such as the loss of your 10 percent deposit. As such, trying to do it on your own is not advised.
Consider the Perth conveyancer’s fee as insurance against the consequences of trying to do it incorrectly on your own. Hiring the right conveyancer could also save you a lot of time, worry and heartache.
What are the differences between conveyancers and solicitors?
Although there are several nuances between solicitors and conveyancers, here is a quick summary:
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