Conveyancing & Property Law
Expert Guidance for Buying or Selling Property
We understand that buying or selling property is one of the most significant financial decisions you'll ever make. Whether you’re a first-time buyer, seasoned investor, or looking to sell, the process can be complex and stressful. That’s where we come in. Our expert conveyancing services are here to guide you through every step, ensuring that everything runs smoothly, efficiently, and in compliance with the law.
What is Conveyancing?
Conveyancing refers to the legal process of transferring ownership of a property from one party to another. While it may sound straightforward, there are many crucial steps involved that require legal expertise. Whether you’re purchasing or selling, conveyancing ensures that the transaction is carried out correctly, with all legal requirements met and no unexpected surprises along the way.
The conveyancing process involves a number of stages, including preparing and reviewing legal documents, conducting property searches, and liaising with financial institutions. We are experienced in handling all aspects of conveyancing to make sure that your transaction is handled efficiently and securely.
The conveyancing process is divided into several stages, and having an experienced legal professional on your side can save you time, money, and potential headaches. Here’s an overview of what to expect when buying or selling property:
For sellers, the process starts with preparing the Contract for Sale. This document outlines all the details about the property, including the title deed, zoning laws, and any existing issues like easements or encumbrances. We will review this contract to ensure there are no surprises down the road and that all necessary disclosures are made.
For buyers, we will review the Contract for Sale and advise you on any issues or risks. We’ll also conduct property searches and checks to ensure the property is free from legal complications. These checks may include verifying zoning laws, outstanding council rates, or any legal encumbrances that could affect your purchase.
Once both parties are satisfied with the terms, the contracts are exchanged. This is when the agreement becomes legally binding, and the buyer is required to pay a deposit (usually 10% of the purchase price). At this point, the buyer and seller both agree to the terms, and the contract is signed.
We will be with you every step of the way during the exchange, ensuring that all necessary details are correctly addressed.
Settlement is the final step in the conveyancing process, where ownership of the property officially transfers from the seller to the buyer. On settlement day, the remaining balance of the property price is paid, and the property title is transferred.
For buyers, we ensure that the final payment is made on time and that all financial arrangements, including mortgage settlements, are in place. We’ll also arrange for the transfer of the title deed into your name and make sure that all registration details are correct.
For sellers, we coordinate with your bank or financial institution to pay off any existing mortgages or encumbrances on the property. Once the funds have been settled, we’ll ensure the title is transferred to the buyer and that the transaction is completed smoothly.
Why You Need a Solicitor or Conveyancer
While it’s possible to handle the conveyancing process yourself, it’s highly recommended that you enlist the help of an experienced conveyancer or property lawyer. The legal and procedural aspects of property transactions are complicated, and errors can result in costly mistakes or delays. By having a skilled professional on your side, you can rest assured that all necessary legal checks and obligations are met.
At Gibbins Law Firm, we are not only experienced in the legal aspects of property law but also understand the importance of clear communication and personalized service. We’ll keep you updated throughout the entire process, answer any questions you may have, and offer expert advice tailored to your specific situation.
Get in Touch with Us Today
If you're ready to buy or sell property, contact Gibbins Law Firm to get expert assistance with your conveyancing needs. We will ensure your transaction is seamless, secure, and legally compliant.