FAQs

FREQUENTLY ASKED QUESTIONS ABOUT CONVEYANCING

Conveyancing is a legal process that transfers the title of a property from one person to another.

A Licensed Conveyancer has undergone education and training that prepares them to help people like you to buy and sell their properties. A Licensed Conveyancer also holds Professional Indemnity Insurance so you know that you’re protected.

One of the biggest financial decisions you’ll probably make in your life is the decision to buy or sell property. It can be a complicated transaction and even the smallest mistakes can end up being quite costly. A conveyancer will help you protect yourself and your assets by making sure your property is transferred in line with the law. Conveyancers focus solely on helping people with their property transactions, which means they’re experts in this area.

When you purchase a property, you may have the right to change your mind within three working days in certain circumstances. This gives the buyer time to reconsider in case they made the decision too quickly, need to arrange finance, or want to have building or pest inspections completed.

If the buyer is able to terminate the contract and decides to, they may be required to pay $100 or 0.2% of the purchase price (whichever is more) to the seller.

Disbursements are expenses that may be incurred while helping transfer the title of your property. These are necessary and may include things like the cost of searching for a certificate from a search company.

Your conveyancer will calculate any financial adjustments before settlement. These may include things like outstanding water bills, land tax, council rates or body corporate fees. The amount of these outstanding fees are often paid by the seller at the time of settlement to make sure that the buyer isn’t left to pay them after they take ownership of the property.

Yes, in the three days before settlement the buyer has the right to inspect the property. To do this, please contact the real estate agent to book a time for final inspection.