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25
Nov '16

3 tips for the conveyancing process
Glenn Batten Posted by
Glenn Batten

When it comes down to the nitty gritty of buying or selling a home, there are several legal processes that can be quite tiresome to deal with. One of those is conveyancing, which is the process of transferring title between a buyer and seller during a sale. But what are the basics you need to know about the task? 

Do you get a conveyancer or a solicitor?
Either of these professions can conduct the conveyancing for you, but in many states it is specific conveyancing specialists who are employed most often. They should be registered with the Australian Institute of Conveyancers (AIC), which is a national body that maintains best practise in the conveyancing industry.

Clarify the fees
One of the first things to do when you engage a conveyancer after checking they are qualified with the AIC, is determining the fees that will be charged. This includes stamp duty and possibly more, dependent on which area you are buying in.

The conveyancer can organise the fees for you, but make sure it is clear exactly what you will be charged and how much the conveyancer will be paid before you get down to business. The conveyancing cost is generally linked to the difficulty of the transaction.

Make sure they are working in your interests
It is not illegal for a conveyancer to work for both the buyer and seller in a transaction, but it can cause difficulty if a conflict of interest develops during a sale and be a breach of AIC best practise.

Get someone who works independently and for your best interests, and remember - all AIC registered conveyancers come with professional indemnity insurance, which will protect you if the process goes awry.

By engaging a conveyancer you can cut out a lot of technical work involved in completing the purchase or sale of a home - meaning you can rest easy and wait for the moving date.

 
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