What is a Conveyancer [and what do they do?]

Conveyancing is the process of transferring ownership of a legal title of land to the new owner, whether it be a from a person or entity - and a conveyancer is a licensed professional who specialises in providing advice and information about the sale of a property.
00:00 What is a Conveyancer [and what do they do?]
00:43 1. What Do They Do?
02:34 2. Same As a Solicitor?
03:19 3. How Much Can It Cost?
04:03 4. Is It Even Necessary?
04:31 5. Do They Need To Be Local?
05:01 6. Can They Give Legal Advice?
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Mortgage Broker Brisbane - Hunter Galloway
Head Office: 3 Latrobe Tce Paddington QLD 4064
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Hunter Galloway are an Award Winning Mortgage Broker based in Brisbane. We help clients from our local area, Australia, and all over the world. We believe buying a home should be stress-free and uncomplicated, and we will work for you to make your dreams become reality.
Next steps and settling your first home
Our team here at Hunter Galloway is here to help you buy a home in Brisbane. Nathan & Joshua Vecchio are Senior Mortgage brokers who specialise in making your home journey easy.
Unlike other mortgage brokers who are just one person operators, we have an entire team of experts to help make your home loan journey as simple as possible.
If you want to get started, please get in touch and we can book a time that suits you - either a phone call information session or a face to face meeting (which doesn’t cost anything for you).
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As you can imagine passing a property to a new owner means a lot of work and a conveyancing transaction generally consists of three stages:
pre-contract
pre-completion
post-completion
Typically, a conveyancer will do everything necessary and ensure you are prepared for critical dates during the process.
They are also in regular contact with the other party’s lawyers dealing with the nitty gritty issues.
Of course, you can fill out all the forms yourself and save a few hundred of dollars on fees.
But this is not recommended, as ensuring all the i’s are dotted and t’s crossed is no easy task.
Also, if something goes wrong, you run the risk of losing the property and forfeiting your 10 per cent deposit.
While, if you enlist the expertise of a conveyancer, should they make a mistake, you’ll be covered by their professional indemnity insurance.
What does a conveyancer do?
As we pointed out above a conveyancer oversees the settlement process.
On the surface it appears easy, but in reality most home buyers and sellers do not realise the full amount of detail, documentation and work that goes into legally transferring a property to a new owner.
For someone who does not know how to navigate the process it could take weeks to find and lodge legal documents, let alone understand them.
And that is just a small part of conveyancing, so, let us look at what a specialist does for each party.
For the buyer, a conveyancer will:
Prepare, clarify and lodge legal documents - e.g. contract of sale and memorandum of transfer
Research the property and its certificate of title - check for easements, type of title and any other information that needs addressing
Put the deposit money in a trust account
Calculate the adjustment of rates and taxes
Settle the property - act on your behalf, advise when the property is settled, contact your bank or financial institution when final payments are being made
Represent your interest with a vendor or their agent
For the seller, a conveyancer will:
Complete legal documents
Represent you in dealings with the buyer - e.g. request to extend dates, ask title questions etc.
DISCLAIMER:
This video offers no Legal, Financial and Taxation advice, and the information contained is general and does not take into account your personal situation. The Listener acknowledges, consents and agrees to the viewing of the content presented on the Channel is subject to the full Disclaimer (below) and agrees to be unconditionally bound by this Disclaimer.
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[@Amanda-nc9xh]

Amazing advice, thats adding value to peoples lives, and its free, thank you, this video has helped me greatly.

[@MortgageBrokerAustralia]

Anytime Amanda! We also have a free course that might help with your home buying journey check it out huntergalloway.thinkific.com/courses/home-hosed-7-steps-to-owning-your-first-home cheers, Jayden.

[@AssadHamid]

Thanks for always very clear explanation.

[@MortgageBrokerAustralia]

You are welcome!

[@trenchy1990]

Another great and informative video.

[@VecchioCoaching]

Thank you shadowzone69! :)

[@MortgageBrokerAustralia]

Thanks so much 🙌

[@aimtiaz_]

Thank you for this awesome explanation.

[@MortgageBrokerAustralia]

You're very welcome! Thanks for watching!

[@mrwolsy3696]

Thank you.

[@MortgageBrokerAustralia]

You're welcome!

[@SenthilNathGT]

Do we need to engage conveyancer even when we sign EOI/Offer contract?

[@MortgageBrokerAustralia]

It really depends on number of factors. But in general if it's a non binding expression of interest then no problem. All else, best to engage a profession.

[@aaryaputra108]

Will I end up paying a conveyancer twice if I first sell my property and then look to buy another property immediately after (ie within 1-3 months)?

[@MortgageBrokerAustralia]

Yeah as its two different transactions its twice the work, so twice the fee unfortunately.

[@donnabosleng5162]

Can you guys recommend a good conveyancer? Thank you

[@MortgageBrokerAustralia]

Thanks Donna, great question and all depends on the state you are looking to purchase in. It would be recommended to use the services of a conveyancer based in the state you are looking to purchase in, as they'll have a better understanding of the nuances in the contracts and process.

[@nataliemay415]

If the conveyancer didn't add your name to the title by mistake, how do you fix this.

[@MortgageBrokerAustralia]

Thanks Natalie, might be worth touching base with the conveyancer to have this fixed

[@nataliemay415]

They tell me there's nothing they can do. 😢 home loan, no home. Now it's a battle with the bank as to why they approved it.

[@msizindaba3674]

If you have been scammed by a conveyencer and a seller?
I bought my property last year in July but after a month I found out that the property was transferred to someone else. Even now I haven't got my money back and none of them is attending my calls

[@MortgageBrokerAustralia]

So sorry to hear Msizi, it might be wise to get legal advise/assistance with this one.

[@louisefeist2547]

Isn't your name Nathan?

[@VecchioCoaching]

Hi Louise, good questions. Nathan's my twin brother, even my Mum confuses us many a time haha! :) I'm Josh.

[@MortgageBrokerAustralia]

Keeping you on your toes Louise 🤣

[@louisefeist2547]

@@VecchioCoaching you both look exactly the same. Your poor mother! Sorry for the mistake.