10 Jan What Does a Conveyancer in Campbelltown Do?
Whether you’re confused about the difference between a conveyancer in Campbelltown and a solicitor or simply want to know more about what the two professionals actually do, this article will help.
Both a conveyancer in Campbelltown and a solicitor are responsible for transferring legal property titles from one owner to the next and completing any legal work necessary in the buying and selling of property.
The difference between a conveyancer in Campbelltown and a solicitor
Up until 1992, real property transfer work was done solely by solicitors. After the passing of legislation, the work was allowed to be done by a licenced conveyancer in Campbelltown and beyond. By increasing the amount of professionals who can practice, the price of services has reduced dramatically, becoming more affordable than ever.
Both professionals do the same work and are both required to be licenced, insured and a part of an industry body to perform. However, there are some differences between the two professionals. These are:
Conveyancer in Campbelltown:
- Specialise solely in ‘real property’ laws
- Are just as qualified as a solicitor to perform real property transaction work
- Require at least 2 years tertiary level study on real property law
- Require at least 2 years supervised practice in the field before applying for a licence
- Most are self-employed
- Usually offer fixed fee rates and are cheaper than hiring a solicitor
- If a transaction turns into the subject of a lawsuit they must refer the case to a solicitor for aid
- Practice in multiple areas of law, including real property law transactions
- Require a law degree and at least 6 months study related to real property law during their degree
- Do not require supervised practice before obtaining a licence
- Are usually assisted by a law clerk, secretary or conveyancer in Campbelltown during the transaction process
- May charge an hourly rate rather than a fixed fee
- Usually work in a firm rather than independently
What kinds of property do they work with?
A conveyancer in Campbelltown is skilled at working with a range of properties. These include:
- Empty land
- Retirement homes
Regardless of whether you’re looking to buy or sell, a specialist can help.
Some of the services they provide:
Preparation of statement of adjustments
This involves researching and preparing the settlement documents required in your jurisdiction. A specialist can ensure that you don’t end up with the burden of debt or negative interest given to you from a former title owner by making sure all necessary enquiries and adjustments are carried out before settlement.
Some of the searches a specialist may carry out include:
- Local authority search: This checks to see if there are any future development plans that may affect the land, such as a motorway or shopping centre
- Title search: This determines whether the property truly belongs to the seller and checks for any debts or liabilities
- Natural disaster search: This assesses the property’s risk of being exposed to things like a bushfire or severe flood
- Pest inspection report: This checks to see if there are existing issues with pests such as cockroaches or termites
Contract of sale
A specialist can prepare a sale contract for the seller in order to make sure settlement goes smoothly. This involves producing a well-written contract without any mistakes or errors.
Contract of sale review
A specialist can also complete a contract of sale review for the buyer to check for any errors or red flags. This involves explaining the intricacies of the contract and offering advice that can protect you against potential issues or unwanted expenses.