The professional who would help in legally transferring property ownership from one party (seller) to other (buyer) is known as a conveyancer in Melbourne. The process of transfer starts with making an offer and ends with the seller handing over keys of the property to the buyer. Hiring a professional would help you prepare yourself for unpleasant surprises and make the whole process quick and hassle-free.
The professional would help in completing the task with ease. The various jobs performed by the real estate conveyancer include:
- Drawing documents: The primary role of a property solicitor is to prepare all legal documents required for the whole process. The conveyancer needs to prepare the contract for sale that includes all special conditions so that conflicts can be avoided in the later stage. A vendor statement should also be prepared after conducting title and planning searches.
The buyer needs transfer documents so that the property is transferred rightfully and legally on the buyer’s name.
- Legal Advice: The conveyancer works on behalf of the buyer and advices on terms and conditions of the contract of sale. The experts also point on special terms that you should be aware of which applies to vendor’s contract too.
- Arranging settlement: The solicitor helps to arrange the final settlements of the deal. The seller’s conveyancer will coordinate a proper time with the buyer’s representative. After the settlement is done, the conveyancer would ask the seller to hand over the keys.
The conveyancer would be in touch with the buyer’s bank to make sure the funds are released on the day of settlement.
The professional would have immense knowledge about the rules and regulations. They would make sure that all the important points are included.
