Buying a property in Sydney?
Planning on buying a property in Sydney? You’ll need to engage a conveyancer.
But surprisingly, not many home buyers are fully aware of what a conveyancer actually does.
We answer some of the most frequently asked questions about conveyancing services.
1. What does a conveyancer do
A conveyancer ensures that the legal process of transferring property ownership occurs correctly and completely so that you can settle (and legally own) the property.
A Sydney conveyancer will take care of the preparation, execution, verification and lodgement of various legal documents associated with the property purchase.
2. When in the buying process should I find a conveyancer
It is best to find a local conveyancer as soon as you start looking for a property. It will simply make the buying process less stressful for you.
There are legals involved in putting a down a deposit, cooling off periods as well as legal transfer and by engaging a conveyancer early on, you will feel more informed about all these elements.
3. How much do conveyancing services cost
As a guide, Sydney conveyancing fees can range from $900 – $1600.
Conveyancing fees may vary from conveyancer to conveyancer and could depend on the value of the property and complexity of legals involved.
Always ask your conveyancer how they charge. Check if it’s a fixed and flat fee or variable. Also find out about specific costs related to certain legal document lodgments.
4. How do I find a good Sydney conveyancer
Some options include referrals from family or friends.
Also, trusted local directory sites like Tradebusters Connect, that vet locally recommended Sydney conveyancers.
5. What questions should I ask a Sydney conveyancer
Some of the questions you can ask include:
- Are you part of the Australian Institute of Conveyancers?
- How long have you been in business for?
- What is the maximum fee I need to pay for the services? What is included (and excluded) in your fees?
- Are there added costs? Who pays for them?
- How long will the process take?
- Can you provide me with local references?
Need help finding the best local businesses in Sydney?
Did you know Tradebusters Connect powers the Sydney Top 3 Local Choice directory? Unlike other directories, the businesses listed here undergo an interview and screening process for your peace of mind. From local trades, real estate, property and finance service providers, we’ve got you covered with genuine recommendations.