A conveyancer or real estate lawyer performs a number of services related to the sale of property assets. Conveyancing describes all of the legal work involved in preparing the sales contract, including the mortgage and related documents. The details of the process and specific tasks involved depend on your relationship to the sale, with a real estate lawyer able to assist with a property purchase, property sale, or property transfer.
The conveyancing process includes a wide range of tasks to ensure all parties meet their legal obligations. Buyers and sellers have different requirements to abide by, with conveyancing professionals able to provide assistance, offer advice, arrange settlement, and complete important legal paperwork. While conveyancing tasks can be carried out by a specialist conveyancer or a real estate lawyer, a property lawyer can provide additional legal services related to taxation, mortgages, agreements, and disputes.
In Australia, the sale of property is governed by the jurisdiction in which the land is located. Different states and territories have different laws in place, with property transactions in Gisborne and the Macedon Ranges needing to abide by Victorian law. While you can do some conveyancing tasks yourself, lots of research is required, and a number of risks are involved. In addition, it may be difficult or impossible to purchase professional indemnity insurance.
If you’re interested in buying, selling, or transferring property in Gisborne or elsewhere in the Macedon Ranges, a real estate lawyer can help you with the following tasks:
- Documents– A conveyancer can assist you in the preparation of documents related to the sale, purchase, or transfer of property. This may include strata inspection, swimming pool compliance, government authority reports, and change of title documents, among others.
- The contract of sale– This contract is the most important document in the conveyancing process. A property lawyer can help you to prepare, examine, and exchange the contract for sale.
- The deposit – Releasing or accepting the deposit is crucial for every property sale. The overall management of the deposit is typically carried out by the conveyancer, with funds held and released upon settlement. A conveyancer can also arrange payment of stamp duties.
- Inspection– A final inspection of the property is essential, with building and pest inspections typically organised by the conveyancer in the week before settlement.
- Settlement– The formal act of settlement defines the property sale. A real estate lawyer or conveyancer will complete all checks before settlement, manage the timing and details of settlement, and attend settlement as your representative.