What is a conveyancer’s role in the buying process?
Your conveyancer’s role is to handle the legal side of buying a property. They will:
Review the contract of sale, negotiate any required amendments with the seller’s conveyancer, and advise you of the terms of the contract.
Assist with undertaking certain due diligence tasks, such as standard searches, ordering reports and building/pest inspections, as well as any other due diligence appropriate for the property you are buying.
Facilitate the signing and exchange of the contract of sale (ensuring you and the seller are legally bound under the contract).
Order settlement search certificates (such as rates, water, body corporate) and handle the calculation of property cost adjustments (i.e. splitting the cost of rates, water, body corporate fees etc. for the period each party owns the property).
Coordinate all parties involved in the settlement, and manage the electronic settlement platform so all tasks are completed in time for settlement to proceed when scheduled.
Assess (or arrange the assessment of) the stamp duty you will need to pay on your purchase.
Complete the settlement on your behalf, including making sure your funds are paid to the seller, and legal title to the property is transferred to you.