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Conveyancing is a very important role that allows property owners and prospective buyers to have a much easier experience with their sale. It might not seem like a big deal but having to deal with all different types of paperwork, legal applications and contract examinations is no easy task and a conveyancer does all that and much more. Most people are not very familiar with exactly what their conveyancer does and it is important to know before you start working with them so here is a quick rundown of some commonly asked questions.
Are Conveyancers Paid Through Commission?
If you are at all familiar with real estate agents you know that many of them get paid through a commission once the property is sold. However, conveyancing is not real estate and they pretty much never get paid in commission, especially not in commercial matters. Conveyancing is basically a part of law that deals with properties and as such your conveyancer is likely (depending on your state or territory) a trained lawyer. That means the most common way to pay them is with an upfront legal fee and then for special services that they provide for you over time.
Can I Do My Own Conveyancing?
Legally there is nothing stopping you from dealing with your own property matters but when you do this you are exposing yourself to a massive amount of risk. Your property is likely one of the most expensive purchases you will ever be involved with and you should want to do it right. There are many complicated legal papers you have to fill out exactly right and if you don't you could lose thousands if not hundreds of thousands of dollars. Using a conveyancing service gets rid of that risk and you know that even if something does go wrong you are protected through the indemnity insurance that conveyancers must have.
What Does A Conveyancer Even Do Apart From Arrange The Paperwork Of The Sale?
Conveyancing is not just about arranging the sale but ensuring that everything tangential to the sale is all in order before the sale goes through. That means they can help you organise your financing, get the stamp duty finalised, order inspections of the property, look up all the council and state files on the house and much, much more. Basically, if something is wrong with the purchase your conveyancer will find it and keep you shielded from its potential consequences.
For more information, contact a conveyancing service.Share