January 12, 2023

Why do you need a conveyancer when buying or selling property?

Transferring ownership of property isn’t straightforward. It doesn’t simply involve two parties where one agrees to sell their property to the other at an agreed purchase price. The conveyancing process is a complex one, and it involves a lot of legalities and minute details that are easy to miss but can create bigger problems down the line.

For this reason, when buying or selling a property, it’s crucial to have a good conveyancer on board. A property conveyancer is someone with an extensive understanding of the law pertaining to real estate, and therefore, they’ll be able to guide you through the process and address all the legal and technical nitty-gritty of buying and selling property.

A conveyancer will prepare legal documents, represent you in the settlement process, and do everything necessary to transfer the property from seller to buyer, providing advice and guidance, and looking out for your interests along the way.

When To Engage A Conveyancer When Buying A House

The best time to engage a conveyancer is prior to making an offer on a house. The earlier you engage a conveyancer the better, as they can guide you through all the steps in the process, and ensure your interests are protected every step of the way. Many conveyancers offer a fixed fee service, so you are not necessarily saving money by delaying.

Conveyancers often also offer free advice on property contracts prior to signing as part of their conveyancing service. Although buyers sometimes feel pressured into signing a contract before they have it looked over by a solicitor, pre-contract advice can often be turned around by an experienced conveyancing lawyer on the same day, so it can be worthwhile putting in a call before you sign.

Another advantage of engaging a conveyancer prior to signing the contract is that they can assist with drafting any special conditions you require, or negotiate with the other side in relation to any special conditions already inserted in the draft contract.

Although it is best to engage a conveyancer prior to making an offer, you can engage a conveyancing solicitor at any time in the conveyancing process.

When To Engage A Conveyancer When Selling A House

You can engage a conveyancer at any stage of the process when selling a property, but it is best to engage one early on in process, even before putting the house on the market.

This will allow your conveyancer to assist you in drafting any special conditions you might require, reviewing you contract prior to signing, negotiating with any potential buyer’s solicitors, and ensure you are informed of your legal rights and responsibilities as early as possible in the process.

How To Engage A Conveyancer

The most common way to engage a conveyancer is to inform your real estate agent of the conveyancer you wish to appoint. The real estate agent will then note this on the signed contract of sale, and send a copy of the contract to your nominated conveyancer. The conveyancer will then be in touch with you to confirm their appointment and start the ball rolling.

However, as we have covered, it is recommended that you contact a conveyancer prior to this stage so the contract can be reviewed by a solicitor prior to signing.

At Keylaw, you are welcome to contact us at any time by phone, by emailing us at contracts@keylaw.com.au, or via our online portal. We are more than happy to discuss your needs at any time in the buying or selling process.

More Questions?

Having a property conveyancer help you through the process of buying or selling properties can make the entire ordeal a lot less stressful for you. So, if you’re planning to sell your property or add one to your portfolio, make sure hiring a reliable property conveyancer is the first thing you do!

If you have any questions, give one of our experienced solicitors a call today for an obligation-free quote. We are happy to chat about any aspect of conveyancing or property law in Queensland,

The above is not legal advice and is general information only.