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What does a conveyancer do for you?

Essentially a conveyancer is a person who will assist with the transfer of ownership of your home from you to the new buyer, and as this is a legal process it’s required that the conveyancer is certified. You’ll want to make sure that all processes are thoroughly covered and gone over as issues in the future or missing information will cause extra costs.

 
hashching_How_much_does_a_conveyancer_cost - selling your house
 

Prior the finalisation of the sale of your home, you’ll need to make sure that all of your home’s approvals, certificates and building permits are legally approved and acquired to hand over to your new buyer during the transfer of ownership process. Using a conveyancer to help you do this isn’t legally required, but it will ensure the process is done efficiently, on time and no important documents are missing.

Hiring a conveyancer isn’t just a way to make the transfer of your home easier, it’s an investment. If you don’t make sure that everything is in order for the sale of your home, it can set back the entire process and even lose your buyer entirely.

Before the complete transfer of your home though, a conveyancer will undertake an in-depth background search of your property, and ensure that there is no illegal construction, as well as whether there are any regulatory issues.

To make sure that your conveyancer is trustworthy and up to the task, simply ask if they’re qualified and a part of the Australian Institute of Conveyancers and whether they’ve undertaken at least 2 years in higher education, as well as if they have at least 2 years of industry experience under their belt.

 

Why Hire a Conveyancer?

The primary reason for which you’ll want to hire a professional conveyancer is to make sure that all of the processes you’ve done to prepare your home for sale have been legally documented, and that your home is certified by building codes and meets a range of different regulations, so that the new buyer and the bank are able to more easily make assumptions on the state of the property and whether there are any liabilities left over for the new owner to deal with.

Your conveyancer will also be someone who you can turn to for help and to get the answers to questions you might have about the sale and transfer of ownership process. A conveyancer isn’t going to use difficult legal terms either, so you can be sure that you’ll understand everything required of you. This can include things like finding our your exact legal requirements in your locality that are required to be met in order for you to complete the sale of your home.

 

The cost breakdown

Conveyancers work in a number of different fields and can either work for themselves, in a small business or a major corporation and this will have an effect on your price and the quality and experience of their services. So be sure to do some research and find out which level of professionalism, cost and experience will work best for you, and your needs.

There are a number of tasks conveyancers have to go over and a range of items and points they must document, and these things will make sure that there is a comprehensive list of all the obligations fulfilled by the owner that are legally required prior to sale. This will ensure that the new owners are certain they’re buying a new home that isn’t riddled with issues and that the home is a legal property.

Typically you should expect conveyancing fees to range from $500 to around $2,500 depending on where you live and what the conveyancer has to do. You are able to do your own home conveyancing, however if you aren’t well versed the requirements and don’t have connections to the right local council departments, you should leave it up to a professional conveyancer to make sure it’s done correctly.

Pricing for conveyancing services is normally charged in one of two ways, either as a flat and fixed fee, or an hourly rate. Additional costs come in the form of disbursements. These are things like certificates and other documentation that often require the conveyancer to obtain and pay for on your behalf.

A few of these disbursement costs are listed below.

Title searches – $20 up to $100
Council building certificates – typically $250
EPA Certificates – $20 to $25
Drainage layouts – $25
Postage and other admin costs – $20 to $60
Land tax clearances – $25
Roads and traffic authority – $20 to $30
Land council compliance – from $150 to more than $450

There are DIY kits with all of the things you need to know, and all of the steps you’ll need for as little as $150.

Overall costs including all disbursement fees, hourly or fixed fees and additional fees that will be individually based around your requirements will normally be $2,200, but it will depend on a number of the aforementioned things above, like your location.

 

The outcome and how to find a conveyancer

Similar to almost any job or service, not everyone’s skill and experiences are equal. When you look to hire a conveyancer, make sure to ask a few questions and make sure that they are skilled enough for your task, and are within your price range.

A simple online search for conveyancing services will bring up some of the best results for you and your area, but also make sure to inquire about whether they have the required certifications, as well as if they’re a member of the Australian Institute of Conveyancers and what their specialisations are.

The main benefit you’ll get from a professional conveyancer is the streamlined sales and buying process. With the proper experience and connections, a conveyancer will be able to make sure everything that is required is ready in time for the loan processing and payments.

 
 

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