Conveyancing is the legal process of transferring ownership from one party to another, but when it comes to moving house it has a broader definition. It becomes the term referring to the whole body of legal-admin work undertaken to enable a house purchase or sale to be legally valid, and is undertaken by licensed conveyancers or solicitors.
Homeowners are legally able to do the conveyancing themselves but the process can be tricky and time consuming - there are DIY kits available but the guidelines are general. Using the expertise from the best conveyancing Sydney has to offer will not only save you time but avoid you running into any legal issues as the professionals are protected by their insurers.
On top of reviewing the contracts, lodging legal documents, and settling the property purchase, conveyancers do a number of checks that are crucial if you're buying a property: a bankruptcy search is needed to prove to your mortgage lender that you have not been declared bankrupt; local authority searches protect you from council plans that may affect your property after you've moved in; and land registry office copies ensure the vendor owns the property you are purchasing
They can also undertake an environmental search, which checks for ground contamination,
and a water and drainage search to ensure the property is connected to fresh water sewers.
As all buyers pay stamp duty, your conveyancer should look after this for you and calculate the amount payable.