Investor Resources
Explanation of the Conveyancing Process
Conveyancing involves the transfer of property ownership from one party to another. It makes sense to employ a solicitor or conveyancer to perform this process as a contract's terms and conditions can at times be overwhelming and confusing.
Your legal advisor is responsible for checking the details of the contract, making sure that there are no restrictions to the purchase or intended use of the property, e.g. zoning and title restrictions.
If buying privately and not through auction, the conveyancing process begins with your solicitor or conveyancer examining the contract for sale prepared by the vendor's representative. This contract should detail the:
- Property address,
- Names of the parties (you and the seller),
- Selling price,
- Terms and conditions,
- Timing of settlement (when you take possession of the house).