Why do I need a Conveyancer (Settlement Agent) for the purchase of real estate? PART 1
Why do I need a Conveyancer (Settlement Agent) for the purchase of real estate?
Once the sale contract has been signed for a property, most buyers and sellers are aware that they need to engage a Conveyancer, but many are not sure exactly why? Hopefully this article will help to de-mystify the work that Conveyancers do.
In simple terms, the key role of a Conveyancer is to pass ownership of a property from the Seller to the Buyer.
The first thing that a good Conveyancer will do, is complete a raft of enquiries over the property to determine what needs to happen for good title to pass to the Buyer.
Your Conveyancer will carry out enquiries with a range of entities, some of which include:
- Landgate (formerly the Titles Office)
- The Local Council
- Water Corporation
- Office of State Revenue (Land Tax)
- The WA Planning Commission
- The Managing Strata Company (if applicable)
Once these enquiries have been completed, the Conveyancer is able to ensure that the correct property is being transferred as well as provide information to the Buyer to outline any items of interest that may apply to the property in question.
Return to ‘News‘ for Part 2
Details: Graeme Mcgee, email@example.com, Quest Conveyancing, 9791 7500.