Conveyancing is a legal administrative process which facilitates the transfer of ownership of property from one person, called the vendor (seller), to the other, called the purchaser (buyer). If you want to buy or sell a home, land or invest in property you must sign a contract for sale at some stage. The legal work involved in preparing a contract of sale, mortgage or other related documents is called conveyancing.
Selling or buying a home is probably the biggest single financial transaction you will ever undertake, so it is important that it is done correctly, whether it is your first or subsequent home. In NSW it is not necessary to hire a solicitor to buy and sell property. Licensed conveyancers are now fully qualified to handle all property law matters when buying and selling property. All licensed Conveyancers carry professional indemnity insurance.
For some people it is a matter of choice of whether to hire a solicitor or a licensed local conveyancer. A licensed conveyancer is trained and licensed to administer all the legal aspects of buying and selling. Since they deal and specialise in property law, they are always abreast with all the latest legal developments and statutory requirements regarding conveyancing, enabling them to process your matter more quickly and efficiently.
The law relating to conveyancing is changing all the time. There are many legal requirements in a conveyancing matter and there may be many pitfalls for the unwary. If a mistake is made in the transaction, you may not know about it for several years and then you may have difficulty selling your home. In addition, you may have to undertake costly alterations to the property. This is why it is recommended that you take advantage of the expertise, knowledge and sound advice that your local conveyancer in Sydney, One Title e-Conveyancing, has to offer before committing to your next sale or purchase.