A Conveyancer or Conveyancing Lawyer will manage the process of adding and/or removing names from a property title. The conveyancing process will have to occur when you are either buying, selling or transferring property.
The Main Tasks of a Conveyancer
In theory, you don’t need a conveyancer or lawyer to conduct the conveyancing. You could essentially do it all yourself. However the process is very specialised and having experience and knowledge as a conveyancer and how the process works is really required. With many moving parts and 3rd parties involved, there are many opportunities for things to get complicated. Engaging with a lawyer or conveyancer will leave you to focus on other aspects of buying or selling your property.
Pitfalls for Conveyancers
You want to make sure that there are no settlement delays because there can be legal and financial implications. Your conveyancer will need to have a sound understanding of the things to look out for, have a good eye for detail and know how to communicate clearly. Your lawyer or conveyancer will have the aim of getting you to settlement without delay, stress or extra costs.
Did you know these facts about Conveyancer?
1 in 5 settlements are delayed (PwC) due to inefficient conveyancers
1 in 3 people find the conveyancing process stressful (PwC)
So What does a Conveyancer do?
The main role of your conveyancer or solicitor is to facilitate and coordinate the entire conveyancing process – with settlement being the end goal. In it’s simplest form this includes: a) The drawing up of documents for the title transfer; b) Providing legal advice when and where required; c) Liaising with all other parties involved on the transaction e.g. banks, brokers, agents, conveyancers/lawyers and land titles offices; d) Arranging and attending settlement.
Do I Need a Local Lawyer or Conveyancer
Not necessarily. The vast majority of the conveyancing work is done remotely via phone and email. However it is important to engage with a layer or conveyancer that not only has experience the jurisdiction of the property in questions, but that is also licensed and insured to act in that state.
Conveyancer OR Solicitor?
There are a number of differences between hiring a solicitor or conveyancer to take you through to settlement. The main one is that a solicitor can provide you with legal advice if the need should arise. However a Conveyancer is generally less expensive than a lawyer – although many Law Firms are now offering fixed-fee conveyancing packages vs. traditional time billing.
Tips From a Conveyancer
One of the main concerns we have every day here at Titlexchange is the number of people who will sign a Contract of Sale without having a professional conveyancer or lawyer read over the document first. For a small fee you can have your conveyancing solicitor review the contract before signing. It is a small price to pay for piece of mind – ensuring that you understand the conditions and your obligations for one of the biggest financial transaction of your life.