Conveyancing in Australian English is the process of transferring ownership of a property from one person to another. It involves a number of legal steps, including:
Selling and purchase agreement: This is a contract between the
buyer and seller that sets out the terms of the sale, such as the price, the date of settlement, and any conditions that must be met.
Title search: This is a search of the property's title to ensure that there are no encumbrances on the property, such as mortgages or leases.
Deposit: The buyer usually pays a deposit to the seller as a sign of good faith.
Conveyancer's searches: The conveyancer will carry out a number of searches on the property, such as a title search, a building and pest inspection, and a strata search.
Settlement: This is the final step in the conveyancing process, where the buyer pays the balance of the purchase price and the seller transfers the property to the buyer.
Conveyancing can be a complex process, and it is important to use a qualified conveyancer to ensure that the transaction is completed smoothly and that your interests are protected.