We Provide Conveyancing in the Hunter Valley

The first advantage of employing a conveyancer when transferring property is that they can provide advice on all relevant legal aspects pertaining to the transaction. This includes providing advice on contract conditions, warranties, transfer documents and government regulations related to buying or selling real estate. Conveyancers are also able to guide clients through matters like mortgage processing, stamp duty, settlement costs and property taxes. Another advantage of engaging a conveyancer is that they are able to handle the entire process on behalf of their clients in an efficient and cost-effective manner.

The conveyancing process typically takes between four and 12 weeks, depending on the complexity of the transaction. Each stage of conveyancing comes with its own timeframe that must be met to ensure an efficient and successful transaction. For example, the pre-exchange period including initial property enquiries, obtaining Pest and Building Reports, and unconditional loan approval can take around two weeks. The settlement date is usually six weeks from the date of exchange however, this can vary depending on the type of transaction and circumstances of all parties involved in the transaction. Generally, it is best to plan for a longer period than expected as there can be delays due to various circumstances.

When acting for a client, conveyancers are required by law to obtain a variety of information and documents. This includes the Verification of Identity documents to meet the Australian Registrars National Electronic Conveyancing Council’s (ARNECC) rules and regulations together with all relevant approval documents from relevant Statutory Authorities. Conveyancers also need to ensure that all taxes and rates on the property are up-to-date and paid for as at the date of settlement. Additionally, Conveyancers must complete searches to ensure that if there is any mortgage or charge on a property that such mortgage or charge is cleared at the time of settlement to ensure the transfer of a clear title to the purchaser.