Frequently Asked Questions

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What is conveyancing?

Conveyancing is the process of transferring the legal ownership of a property from the seller to the buyer. This involves a range of legal and administrative tasks, including property searches, preparing contracts, and arranging for the transfer of funds.

Do I need a solicitor to buy or sell a property?

It is not a legal requirement to use a conveyancer or solicitor, but it is highly recommended. Conveyancers and solicitors have specialist knowledge and experience in property law and can guide you through the process, protect your interests and ensure that everything is legally compliant.

How much does conveyancing cost?

The cost of conveyancing can vary depending on the complexity of the transaction and the value of the property. Conveyancing fees typically include legal fees, disbursements such as property searches and registration fees. It is important to get a quote upfront from your conveyancer or solicitor.

How long does conveyancing take?

The conveyancing process can take anywhere from several weeks to several months, depending on various factors such as the complexity of the transaction, the number of parties involved, and the time taken to complete property searches and obtain necessary information.

What searches are conducted during conveyancing?

Conveyancing searches are conducted to identify any potential issues that may affect the property, such as planning permission, building regulations, environmental risks, and flood risk. The results of these searches can influence the decision to buy or sell a property.

What is a completion date?

The completion date is the date on which the legal ownership of the property is transferred from the seller to the buyer. This is usually when the balance of the purchase price is paid, and all legal documentation has been signed and exchanged.

What happens on completion day?

On completion day, the buyer's solicitor or conveyancer will transfer the balance of the purchase price to the seller's solicitor or conveyancer. Once the funds have cleared, the legal ownership of the property will be transferred, and the keys will be handed over to the buyer.

Need more information?

Telephone: +61 (2) 8021 2508

Email:         legal@themisco.com.au

Themis & Co is the firm you always can rely on.