It is important to note that conveyancers are not lawyers but are trained to handle property transactions. They are regulated by state governments and must adhere to strict rules and guidelines. At Hume Taylor & Co, we have an experienced conveyancing team which includes a conveyancer as well as lawyers who are trained in conveyancing and property law, providing added legal backup.
A conveyancer acts as an intermediary between the buyer and the seller, handling all the legal paperwork and procedures involved in the transfer of property ownership. Some of the main tasks that a conveyancer undertakes include:
- Reviewing Contracts: The conveyancer will review the contract of sale and provide advice to the client on the terms and conditions of the contract, including any special conditions or clauses that have been or may need to be included.
- Conducting Property Searches: The conveyancer will conduct and review various searches on the property to ensure that there are no encumbrances or restrictions on the title. These searches may include a title search, zoning and planning searches, and searches for any outstanding rates or taxes.
- Liaising with Other Parties: The conveyancer will liaise with Real Estate Agents, banks and the other party’s conveyancer or solicitor to ensure that all the necessary paperwork is completed, and that the settlement process runs smoothly.
- Preparing and Lodging Documents: The conveyancer will prepare all the necessary legal documents required for the transfer of ownership of the property. These may include transfer of land documents, mortgage documents, and settlement statements. They will also lodge these documents with the relevant government authorities.
- Settlement: The conveyancer will attend the settlement on behalf of their client. In the majority of cases in South Australia, this happens via an electronic property exchange platform known as PEXA, where the ownership of the property is officially transferred from the seller to the buyer. They will ensure that all the necessary funds are transferred at exactly the same time and that all parties have fulfilled their obligations under the contract
Additionally, our conveyancing team may also provide advice on issues such as stamp duty, land tax, and other legal and financial matters related to the property transaction. For additional information on this, click here to discover the importance of having a law firm such as Hume Taylor and Co handle your conveyancing needs.
A conveyancer plays a crucial role in the legal transfer of property ownership in Australia. They are responsible for handling all the legal paperwork and procedures involved in the transaction, ensuring that the process runs smoothly and efficiently for their clients. If you’re considering buying or selling a property in South Australia, Hume Taylor & Co can help you navigate the complex legal and financial aspects of the transaction, and provide peace of mind throughout the process making it as stress-free as possible.
If you are looking at buying or selling property, consider the highly skilled conveyancing team here at Hume Taylor & Co to make the process easier and stress free. Have your real estate agent contact our friendly conveyancing team at email@example.com.
No real estate agent? No worries! Contact our Adelaide office on (08) 8223 3199, our Millicent office on (08) 8733 2500 or our Whyalla office on (08) 8645 7666 to receive further information on how we can assist you in your conveyancing needs.
This blog was written by Registered Conveyancer Zoë Thwaites.