FAQ
FREQUENTLY ASKED QUESTIONS
F.A.Q.
Below Are Some Common Conveyancing Questions
WHAT IS CONVEYANCING?
Conveyancing is primarily the process of transferring the ownership of property. However, before this occurs there is a thorough investigation and all enquires must be checked to allow the transaction to go ahead.
WHAT IS THE DIFFERENCE BETWEEN A CONVEYANCER & A SOLICITOR?
A conveyancer is a professional who specialises in the transfer of property. While many solicitors undertake conveyancing work, they often do not specialise. Solicitors usually charge significantly higher fees than conveyancers for providing what is essentially the same service. Solicitors are qualified to carry out work in other areas of law e.g. Wills & Probate, Workplace Relationship Law, Company Law and Litigation, while the conveyancer is only licenced to carry out work in the area of conveyancing property.
As from the 30th September 2008 Conveyancers are required to be licenced by the Business Licensing Authority and now carry specialised qualifications from an educational institution which is recognised by the government authority.
WHY DO I NEED A CONVEYANCER?
You need a conveyancer when you buy or sell real estate. We will ensure all necessary legal work is done to transfer the property into your name if you are purchasing or into the new owner's name if you are selling.
WHEN IS THE BEST TIME TO START ORGANISING MY CONVEYANCING?
Immediately if you're planning to purchase or sell a property, we can provide professional advice, liaise with you and the relevant parties to achieve a fantastic result. By initiating a conveyancer from the very beginning we can assist with avoiding the common pitfalls and traps associated with real estate and property transfer, ensuring a pleasant and positive experience.
WHAT IS A SECTION 32 STATEMENT?
This is the document which is required by law to be handed to a prospective purchaser by every vendor prior to a purchaser entering into a contract for the sale of land in Victoria. It sets out various details about the property so that any prospective purchaser may make an informed decision before purchasing the property.
DO ALL CONVEYANCERS CARRY PROFESSIONAL INDEMNITY INSURANCE?
Under the Conveyancers Act 2006, conveyancers are unable to obtain a Licence from the Business Licensing Authority unless they are covered with sufficient Professional Indemnity Insurance.