Conveyancing: All You Need To Know
Illawarra Mercury
Saturday June 8, 2002
Conveyancing is the legal process involved in transferring title of property from one person to another.
A conveyance comes into being by a contract for sale of land. This is normally prepared and/or checked by a conveyancer.
Besides dealing with the actual contract and transfer, many other functions are involved such as checking to see if the property is affected by:
Government authority proposals;
Local council and state government compliance;
Building and pest reports;
Surveys;
Leases;
Strata reports;
Easements and covenants;
Stamp duty;
Mortgages;
GST; and
Land tax.
When selling a property you will want a contract prepared.
A licensed conveyancer will do this for you and will obtain all necessary documents required to make up a contract such as: sewer diagram, copy of title search, council zoning certificate, and others where required.
Your conveyancer will draft special clauses where necessary and disclose any matters about the property that are deemed necessary.
When buying a property conveyancers will explain the contract and negotiate any changes that are deemed necessary, organise any property reports, discuss your financial position and arrange all the necessary inquiries needed to complete your purchase.
Your conveyancer will organise settlement with all parties involved and arrange for any loans to be discharged or drawn down as the case may be.
At all times a conveyancer will advise you on various options and act to protect your interests.
Always use a member of the Australian Institute of Conveyancers to ensure that your best interests are covered.
Why use a licensed conveyancer?
Conveyancers are experts in the field of property law. Because they handle many varied property matters, they not only have wide experience in the usual agent sales but also in auctions, off-the-plan options as well as private sales.
What will a licensed conveyancer cost?
Generally you will be charged a flat fee (rather than an hourly rate) plus disbursements, which are the amounts a conveyancer pays for searches, inspections and so on.
You are encouraged to ask a conveyancer about their charges and they are obliged by law to give you a written estimate and to account to you at the end of the transaction.
You can contact the Australian Institute of Conveyancers on 96181397 or write to PO Box 130 Ingleburn NSW 1890 or email on infor@aicnsw.com.au
Visit the web site www.aicnsw.com.au or look under Conveyancing Services in the Yellow Pages.
In days gone by, buying a home required visits to the bank manager, real estate agent and solicitor.
Real estate agents remain an essential ingredient in virtually all home purchases but now a Wollongong legal firm has developed a mobile ``legal and loans" service that brings conveyancing and home finance to the client, rather than the other way around.
Russell McLelland Brown (RMB) has introduced its revolutionary service to the region, designed to cater for weekend and after-hours visits.
It will deliver conveyancing and general property legal advice, as well as a home loans service if required, to clients at times that suit them.
RMB solicitor Michael Naughtin, who developed the mobile conveyancing concept, said it was a response to the increasing number of commuters who travelled from the region to work in Sydney each day, and found it difficult to see a solicitor or financial institution about their conveyancing or mortgage needs when purchasing a property.
``People who work in Sydney have to take a day off work to see a solicitor, so this service was designed primarily for them, although of course it is available to everyone," he said.
``Our clients can have one of our solicitors visit at a time that suits them - in the evening or at the weekend.
``Buying a home is essentially a weekend affair. That's when people have the time to really look at properties and we believe it is time home buyers were serviced in a way that reflects their needs, and how busy people are."
For more details on RMB's Mobile Conveyancing Service, contact Michael Naughtin on 42288288 or 041239997751.
The Sydney Home Show was held last month at Darling Harbour, offering the latest in products and ideas for home owners.
Displays included everything from floral arranging to financial advice and the latest in home cinemas to an endless swimming spa where you can swim on the spot without ever having to turn around.
A range of clever, practical ideas for home owners were also on display, including a safety product called Address-o-Lite.
Finding a street address at night is frustrating and time consuming.
The Address-o-Lite combines bold numbers with a bright light to make an address clearly visible up to 53m away.
The Address-o-Lite can replace an existing light fixture illuminating a porch area and conveniently turns on automatically at dusk and off at dawn, using photocell technology.
Operating on standard household current, the Address-o-Lite comes complete with adhesive back numbers, mounting hardware and easy-to-follow instructions.
This new product can be mounted vertically or horizontally and is guaranteed to never chip, fade, shatter, rust or peel.
Described by manufacturers as a beacon for family safety and security, the Address-o-Lite may be as important as a smoke detector.
Poorly lit house numbers are one of the biggest reasons for unnecessary delays from emergency vehicles.
The Address-o-Lite provides the 000 system missing link in the event of a household accident or a crime in progress.
The Address-o-Lite costs $189.00 including GST and is available by calling 1300660082.
© 2002 Illawarra Mercury
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