These stages cover all the work that is required in the process of buying or selling a property such as updating a title, subdividing the land or registering. They also cover steps involving registration of property and transfer of loans. It is often recommended that the conveyancer for the Purchaser and the Vendor should not be the same person. This is to avoid any conflict of interests that may arise down the line. A conveyancer at the Purchaser’s end would assist in the following ways:
- Would extensively check the contract and provide sound legal advice before one signs the contract that is legally binding
- Offer clients an opportunity to discuss their financial situation (if necessary)
- Completely safeguard the interests of the Purchaser before signing the contract
- Physically attend the signing of the contract in order to ensure that no fact is left unexplored in the contract
- Attend the signing of mortgage documents, and other necessary documents
- Assist clients through all the settlement procedures
Meanwhile, on the contrary, a conveyancer at the Vendor’s side commits to the following set of duties:
- Help clients to prepare and organise a legally binding contract
- Assist clients to navigate and review any necessary special conditions put forth by the Purchaser before selling the property
- Property conveyancers ensure that the property complies with all the necessary council requirements. This is done by obtaining an S.149 (Council) Certificate.
- Obtain a sewerage diagram for the client prior to the sale
- Explain the several easement issues
As a leading expert in the field of property conveyancing, we often advise clients to be up to speed on the major differences between residential and commercial property conveyancing. Commercial property conveyancing is when there are transactions involving business premises, such as a shop, warehouse, or office. Most often than not, these businesses are set up as limited companies, sole traders, or partnerships. On the other hand, residential property conveyancing involves clients who are looking to buy or sell a residential space such as a flat or house.
As a specialist in property conveyancing in Wentworthville, SD Conveyancing provides services that go above and beyond the typical real estate transaction. Here are some of the services we offer: