Frequently Asked Questions

What is conveyancing?

Conveyancing is the legal process of transferring property ownership from one person to another. It involves preparing and reviewing legal documents, conducting searches, and ensuring all legal requirements are met.

Why do I need a conveyancer?

A conveyancer is a licensed professional who specialises in property transactions. They help navigate the complexities of the legal process, ensuring everything is done correctly and efficiently.

What does a conveyancer do?

A conveyancer handles various tasks, including:

• Drafting and reviewing contracts

• Conducting property searches

• Liaising with real estate agents, banks, and other parties

• Managing settlement arrangements

How long does the conveyancing process take?

The conveyancing process typically takes 30 to 60 days, depending on various factors such as the property type and the agreements made between parties.

What is a property title?

A property title is a legal document that proves ownership of a property. It contains details about the property, including any encumbrances or restrictions.

What is a settlement?

Settlement is the final stage of the conveyancing process where the buyer pays the purchase price, and the seller transfers ownership of the property. This usually occurs at a designated location or electronically.

What is an Owner-Builder?

What defines an owner-builder is incredibly broad due to the poor drafting of section 137B of the Building Act 1993 (Vic). Generally, an owner-builder is someone who has completed, or directed works to be completed, by someone else on a property without being a Registered Building Practitioner acting under a Major Domestic Building Contract. Most vendors are unaware of when they are considered an owner-builder and how it affects their sale which is why it is crucial to seek advice from a licensed conveyancer or solicitor as early as possible.

Can I do my own conveyancing?

Although it is possible to handle your own conveyancing, the process is complex and time-consuming. This complexity is reflected in the 18 months of university study and a minimum of 12 months of full-time experience under a solicitor or licensed conveyancer required to obtain a conveyancing qualification.