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Conveyancing Basics Explained

Updated: Jan 11

THE IMPORTANCE OF CONVEYANCING SERVICES WHEN BUYING IN NSW


Conveyancing can be a daunting prospect for many. For some, it can be difficult to even get to grips with what it means. Put simply, the process refers to everything that needs to be checked, searched, signed, and certified to make you the new legal owner of a property. To make sure it’s legally yours, you’ll have to convey the property.

The complexities of property ownership become much easier when you have the right people on your side. We have years of experience and are supported by expert conveyancing lawyers; you’ll be in good hands every step of the way.

Contract

KD Property Conveyancing will always make sure you understand what you’re signing. We’re here to review your contracts rigorously before pen is put to paper.

Sellers and their agents will always have their own margins to consider. It’s our job to negotiate with your best interests in mind. Our conveyancing services are designed to guide you through complex terms and conditions. We can provide written advice wherever necessary to resolve any confusion that might occur.

With us on your side, you won’t run into any hidden surprises like land tax or hidden fees.

We encourage all our clients to consider building and pest inspection reports before they sign. When you buy a property, you accept it in its current condition, even if you missed certain defects when you first looked round. A proper inspection can save you a lot of hassle later on.

Searches

When you convey a property, it’s vital to get a full picture before committing to the purchase. The primary reason for this is that some building purchases come with outstanding debt attached. We undertake these searches on your behalf to ensure you won’t be out of pocket due to hidden costs post purchase.

A thorough search will collect the local council and authority details you’ll need in relation to the property. With a licensed conveyancer, you’re far less likely to be left in the dark. You’ll be briefed on your zoning details, strata information, heritage listings, property plans, and upcoming construction projects that might affect your purchase.

Without a robust search, it can be much harder to determine whether you’re making a sound investment. In this phase, the title deed is also transferred to your name, formalising this aspect of ownership.

Settlement

Settlement can be a time-consuming, admin-heavy part of the process. It’s one area where good conveyancing services prove invaluable. Not only is there a substantial amount of paperwork to consider, but there are also several parties that need to be updated throughout the process.

The estate agent, the seller’s conveyancing lawyers, insurers, and banks all need frequent updates and communication. Our team member will be there to represent you each step of the way. Everything will be signed and filed accurately and promptly.

An increasing number of people are looking to convey online. As part of this transition, we use the PEXA property exchange network for convenient online settlements. PEXA is built to streamline the settlement process and can make the whole experience much simpler.

Final Thoughts

Conveyancing isn’t just something that happens in the background; it’s what makes buying a property possible in the first place. For this reason, it’s important to have the right people on your side.


Learn More

With over 18 years experience in the conveyancing industry, you can rest assured your property matter will be handled with professionalism and Integrity. We are cost conscious and therefore implement a fixed fee structure ensuring you will not have any nasty surprises at settlement. We will communicate with you in plain terms - no legal jargon!



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