Conveyancing is the legal process of transferring ownership of a property from the seller to the buyer. It involves preparing, verifying and lodging the various legal documents involved in buying or selling a property, as well as completing the settlement.

Property settlement is the legal process that is facilitated by a conveyancer. It occurs when the ownership of a property passes from the seller to buyer, and the balance of the property sale price is paid.

The time conveyancing takes usually depends on the settlement period agreed by the buyer and the seller, but it’s typically anywhere between 30 and 90 days.

Conveyancing costs can vary depending on which state the property is in as well as the time and effort that goes into the transaction. Some transactions are more complex and require more searches and paperwork. LAF Conveyancing offers a fixed fee (plus disbursements) with no upfront costs.

Searches are enquiries carried out by conveyancers to find out specific information about a property. Examples could include a title search, a plan of subdivision or certificates from local authorities. In most states, mandatory searches are conducted by the seller’s conveyancer and are attached to the contract of sale.

Disbursements are the costs incurred by your conveyancer including searches, charged in addition to the general conveyancing service fee.

We recommend getting in touch with a conveyancer as early as possible in your property transaction journey so you can be as prepared as possible for an on-time settlement.