During real estate transactions, the services offered by a conveyancing professional are critical to the process. Real estate buying/selling involves lengthy transactions and complex paperwork. With professional conveyancing, you obtain the services of qualified personnel who will act on your behalf to represent your interests and to streamline the entire process.
A conveyancer is also referred to as a settlement agent because they offer critical advice during the settlement stage of the real estate transaction.
Services included in professional conveyancing
Professional conveyancers do more than simply help with the paperwork process during closing. In fact, they provide a host of services that include:
Property sale and purchase
Conveyancers are critical to the entire property sale and purchasing process. They can provide advice and ideas on property prices, connect buyers to sellers, and identify healthy market conditions for completing a transaction.
For sellers, conveyancers also conduct the title and planning searches that are required for the final contract. They help sellers in preparing the two most important settlement documents: the contract of sale and the vendor's statement.
In addition, conveyancers will ensure that buyers meet the minimum legal regulations for the purchasing process. They will also oversee the proper transfer of the certificate of title from the vendor to the purchaser.
Because land subdivisions often involve the issuing of new titles for each new partition created, professional conveyancers are critical to the land subdivision process. They should be consulted before a proposed land subdivision can be carried out.
Commercial real estate transactions
In addition to residential transactions, conveyancers are important for commercial real estate sales. In fact, commercial transactions tend to be lengthier and to contain more paperwork during the process. Conveyancers ensure that the entire transaction is completed in accordance with the law.
How to select the right Professional conveyancer
When selecting professional conveyancing services, there are important factors you should consider.
Professional conveyancers should be licensed to become Certified Practicing Conveyancers (CPC). This shows that they have the required legal and professional expertise needed to provide the right services.
You should ensure that your conveyancer is properly insured against risk during their professional practice. Check if the conveyancer has obtained a Professional Indemnity Insurance policy.
A professional conveyancer should have the backing of a professional body that represents similar personnel within the industry. In Australia, the Australian Institute of Conveyancers is the main professional body that represents conveyancers.