What is conveyancing and what does a conveyancer do?

There is nothing more exciting than buying real estate - whether you're a first home buyer or a veteran of the property market. Of course, before you get the keys to your new home, you will need to negotiate the legal work that comes with it.

To make the entire home buying purchase process as stress-free as possible, we highly recommended that you engage the services of a conveyancer to assist with the legal aspects of buying property.

If you have never purchased property before, you are probably not familiar with what a conveyancer does and the services they provide.

Thanks to our friends at Fastrack Conveyancing, we've got the answers to the three most common questions about this process.

What is conveyancing?

Conveyancing is the legal process of transferring the ownership of land from one person to another. Conveyancing usually occurs between the property vendor (the person selling) and the property purchaser (the person buying) who enter into a Contract of Sale for a residential property. The residential property can take various forms, including vacant land, a house, a unit, an apartment, a home and land package, or a townhouse.

What does a conveyancer do?

A conveyancer is a legal professional who offers expert advice when it comes to property transactions.

We recommend you use a conveyancer or solicitor when you are:

• Buying a property
• Selling a property
• Property transfers
• Subdividing or developing a property

It's much easier to get through any of the above processes with the help of a conveyancer. They understand the most up to date property law so will provide the best legal advice. We recommend all first home buyers find a conveyancer they can trust because they'll be there to assist from start to finish.

When you're buying a house, some of the tasks a conveyancer will help you with are:

• Help you review legal documents, including the Contract of Sale and Section 32
• Place your deposit into a trust account
• Assist in negotiating the final terms
• Walk you through the final steps of the settlement process

As with any other legal process, there are many steps involved in conveyancing work, including laws, timeframes, finances, government requirements and fees to work through. It can also be an emotional and stressful time for first home buyers, as buying your very own home is an exciting but daunting process. The conveyance's role is to make the process of purchasing your new dream home as smooth and hassle-free as possible.

Why do you need a qualified conveyancer?

Due to the complex nature of the entire conveyancing process, it is vital to find a qualified conveyancer or legal practitioner to act on your behalf. Using a licensed conveyancer who has experience and knowledge in the process means you'll likely avoid any potential pitfalls in the conveyancing process.

A good conveyancer is a person or company that currently holds a valid Conveyancers Licence with a practising certificate, are a member of the Australian Institute of Conveyancers and has professional indemnity insurance. When selecting a conveyancer, it is essential to engage one who has extensive experience and up-to-date knowledge around the laws and processes involved. Employing a qualified conveyancer certainly assists in a smooth outcome to the purchase of your new home.

The Metricon team is also ready to help you out with any other questions that you may have on your way to your new home. If you have any questions about our home designs or home and land packages, please contact us today. We build homes in Melbourne, Sydney, Brisbane, Adelaide and regional hubs throughout Victoria, NSW, Queensland and South Australia.