Conveyancing Process – How Is It Different for Buyers and Sellers?
When you are ready to sell your home, you will need to engage the services of a professional conveyancer. A conveyancer is a specialist lawyer who manages the legal aspects of buying and selling property. The role of the conveyancer is to:
-prepare and review the contract of sale
-advise on any special conditions that may be included in the contract
-conduct searches on the property title to check for any encumbrances or easements
-prepare transfer documents
-liaise with the buyer’s solicitor or conveyancer to exchange contracts and coordinate settlement
-attend settlement and organize for you to receive the keys to your new home!
At a minimum, your conveyancer will need to know:
-the full names, addresses, and contact details (including email addresses) of both the buyer and seller
-a copy of the signed contract of sale
-the deposit paid by the buyer (usually 10% of the purchase price)
Your conveyancer will also need certain information from you in order to do their job properly.
-identification documents such as your driver’s license or passport
-information about any mortgages or other loans secured against the property