Conveyancing is the legal process of transferring a property’s title between two parties and is an integral component of real estate transactions.
In NSW, it is important for those involved in a property transaction to understand the requirements and responsibilities associated with this process. This article provides an overview of conveyancing in NSW and how it can be completed efficiently and effectively.
What Is Involved in Conveyancing?
The process of conveyancing involves various steps. These include completing searches, filing documents with relevant government bodies such as land registry offices, and attending court if necessary. Once all these steps have been completed, then contracts can be exchanged before settlement takes place. This is where funds are released to vendors/purchasers once all conditions have been met (for example clauses concerning building inspections).
Who Is Responsible for Completing Conveyancing?
In New South Wales (NSW), both buyers and sellers typically engage a conveyancer or solicitor to handle the conveyancing process. These professionals are responsible for ensuring a smooth and legally compliant transfer of property ownership. Whether you’re buying or selling real estate, having a knowledgeable conveyancer or solicitor by your side can help navigate the complexities of property transactions and provide you with guidance throughout the process..
Timeframe and Fees
The length of time taken to complete conveyance must also be taken into consideration. Often this period can range anywhere between four weeks up to three months. Additionally, fees associated with conveyancing may vary depending on local laws/regulations as well as level of complexity.
For more information on how we can assist with your conveyancing needs, please contact our Conveyancing Team on (02) 4602 0868, and speak with Daryl Cleofe.
