What is a conveyancer?

Conveyancing is the legal and administrative work involved in transferring the ownership of a property. A conveyancer is responsible for preparing the legal documents needed for the transaction, as well as doing background research and providing advice on any legal issues related to the property. Both the buyer and seller may hire a licensed conveyancer or conveyancing solicitor.

What does a conveyancer do?

There are a number of duties that a conveyancer performs, including:

• Background searches with local authorities to check for matters that might adversely affect the property, including boundary disputes, imminent building development in the area, financial liabilities and more.
• Notifying you of additional costs such as land registry fees or stamp duty, and arranging for payment of such fees.
• Preparing and checking contracts.
• Preparing the transfer documents needed for the change of ownership.
• Checking and clarifying the legal title paperwork.
• Contacting mortgage lenders to ensure the availability of funds at the right time.
• Exchanging contracts.
• Notifying the land registry of the ownership transfer.

Do I need a conveyancer?

It is possible to do your own conveyancing, though it can be a risky option, especially when you are the prospective buyer of a property. A conveyancer should make you aware of issues that may arise in the future, and potentially affect the value of your property. If you make a mistake or miss something, there could be serious legal or financial consequences down the line.

People who are willing spend a lot of time on research and paperwork may find it worthwhile to do their own conveyancing, but be sure that the few hundred dollars saved won’t be exceeded by legal or other costs in the coming months and years.

Selling a house is usually simpler than buying one. Since you are already familiar with the ins and outs of your property, a DIY conveyancing job is a bit safer if you’re selling, as long as you’re not buying another property at the same time. It’s always a possibility that the buyer’s legal team will attempt to negotiate a bad deal for you, so make sure you do your research and prepare in advance.

Still unsure whether or not to hire a professional to do your conveyancing? Contact Smartline Rockingham for advice and we can help you through your home buying journey.