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Conveyancing law and solicitors

Some common questions about the Conveyancing process:

Conveyancing is the process of transferring the title of property (ie. the government record of who owns it) from one person to another. The conveyancer is the person responsible for transferring the title.

The time it takes from when you enter into a contract through to final settlement and payment is hard to predict. There are different parties involved and many variables. You will need to discuss this with your conveyancer.

No. You can go through a conveyancing-only firm. The advantage of using a law firm is that you have all bases covered in the event of a dispute with a vendor, purchaser or tenant. Stacks can look after everything in the conveyancing process without you having to employ any additional specialists.

It’s a tax charged by the government when you buy a property. The amount will depend on the property’s value, and whether you are entitled to any concessions such as the First Home Owners grant.

The conveyancer will do various searches on the property in order to find out who has the title and whether there are any issues such as easements or covenants over the land (eg. an electricity authority may have a right of way to access the property in order to maintain or repair equipment).

After the buyer signs the contract for sale there is a period of 5 days during which they can change their mind and only incur a small termination fee. This is usually 0.25% of the purchase price of the property.

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