Who is a conveyancer? A conveyance is a licensed and qualified professional who provides advice and information about the sale of property.
The agent also prepares the necessary documents and conducts the settlement process.
Against popular belief, conveyancers don't need to be lawyers.
When should you seek the services of a conveyancer? You should seek the services of the agent when: • Buying or selling property • Subdividing land • Updating a title (for example when registering death) • Registering, changing or removing an easement.
What does a conveyancer do? The agent has a number of functions.
For the buyer: • Prepares, clarifies and lodges legal documents such as contract of sale and memorandum of transfer • Researches the property and its certificate of title • Puts the deposit money in a trust account • Calculates the adjustment of rates and taxes • Settles the property-the agent acts on your behalf and advises you when the property is settled.
The conveyancer also contacts your bank so that you can know when the final payments will be made.
• Represents your interest with the vendor or agent For the seller: • Completes and ensures that the legal documents are all sorted • Represents you and responds to any requests from the buyer.
For example the conveyancer requests on date extension and title questions.
How can you find a conveyancer? For you to find a good agent, you need to do plenty of research.
The first thing that you should do is to visit review sites and see what different people have to say about different agents.
Other than researching online you can also ask your friends to refer you to some of the best agents that they know of.
Once you have identified a number of good agents, you should take it upon yourself to interview the most promising ones.
You should remember that different agents specialize in different types of real estates.
For example, there are those that specialize in apartments, cross leases, and subdivisions.
For you to identify the best agents you should ask a number of questions.
Some of the questions that you should ask include: • Are you registered with the regulatory body? • What types of property do you specialize in? • What is your cost? • How will you communicate with me, and how often will you do it? • When it comes to the settlement day, what time frames are you looking at? In addition to asking these questions, you should also do some background checks to know whether the agent is lying to you or not.