Conveyancing

Conveyancing

Conveyancing is the process of transferring a property from one owner to the next can be done by a lawyer or licensed conveyancer. Conveyancing can be quite intricate and complex and involves several key elements. So to make the process smooth and legally sound during the settlement day, your property conveyancer will represent you in the exchange of transfer documents, stamp duty forms, mortgage files, and other legal documents with the vendor's representative and both parties' respective bank persons.

From when the sale is agreed, conveyancing can take anywhere between 6 and 12 weeks depending if you are buying or selling.

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Important factors to consider when deciding between a conveyancer or solicitor are costs, service, prior dealings and the complexity of transaction.

While conveyancers and solicitors are equally qualified to do conveyancing, solicitors can also give you legal advice about other matters, such as on estate issues, the tax implications of a property deal or how it might affect divorce proceedings. 

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In Sydney and New South Wales conveyancers may charge around $1,000-$2,500 plus disbursements. Ultimately, conveyancers are cheaper than solicitors, but solicitors can be handy if there is divorce etc involved in the settlement.

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