Our experienced property team can help you through the entire conveyancing process. We specialise in all areas of property conveyancing, including selling property, purchasing property, leases, strata properties, off the plan properties, easements, covenants, and much more.
What is Conveyancing?
Conveyancing is the legal transfer of real property from one person/s to another.
What is involved in the conveyancing process?
There are three broad steps in the process:
1) Negotiation and agreement.
At this stage the Vendor and Purchaser negotiate the terms of the Contract. It is important to identify who holds interests in the property and to undertake inspections in relation to the property.
2) Exchange of Contracts.
This is when the parties to the transaction sign the Contract and exchange copies of the Contract with the other side. At the time of exchange an equitable right over the property is created for the Purchaser.
This is when the Purchaser hands over the money to be paid for the property and takes possession of the property. In the conveyance of a private residence, the purchaser usually picks up the keys to their new property on the day of settlement.
What stages does conveyancing involve?
PC Law can assist by providing you with advice and assistance on:
•Finding the right agent to sell or buy property. •Negotiating your contractual terms with other parties involved in the conveyance. •Resolve issues relating to the title of your property, including mortgages, easements, caveats and old system title. •Arranging building and pest inspections •Examining a strata inspection report if the property is part of a strata scheme •Arranging finance if necessary •Reviewing and exchanging the contract of sale •Arranging for the payment of the deposit •Arranging payment of stamp duties •Preparing and examining the mortgage agreement •Checking if there are outstanding arrears or land tax obligations •Finding out if any government authority has a vested interest in the land or if any planned development could effect the property (eg. local council, Sydney Water, Roads and Traffic Authority) •Finding out any information that may not have been previously disclosed such as a fence dispute or illegal building work •Calculating adjustments for council and water rates for the property settlement •Overseeing the change of title with Land and Property Information NSW •Overseeing cheque directions prior to settlement •Completing any final checks prior to settlement •Attending settlement. •Anything else related to property law. If you have any questions then contact us online or over the phone on (02) 9956 3860.