A Conveyancer’s Role and Responsibilities
…When you have signed your Contract and Form One
A Conveyancer can assist in assessing that the property is suited to your needs. It is wise to ask them to check your Contract and Form One during your “Cooling-Off” period as this is the easiest time to cancel a Contract. Around this time your Real Estate Agent will ask you who you will be appointing to attend to your Conveyancing needs.
…Receiving Instructions from your Real Estate Agent
A Conveyancer begins to liase with your Agent, your Lender (or Broker) and the Vendor’s Conveyancer, co-ordinating and attending to any matters required to ensure your Property Settlement will be ready for the date nominated on your Contract.
In order to legally Transfer the Property into your name, a Conveyancer will prepare a Memorandum of Transfer Document for you to sign. Your Lender will prepare your Mortgage Documents.
In preparation for Settlement, your Conveyancer will book all parties required to attend, receive final figures from your Lender, prepare your Settlement Statement, request additional Funds from you that the Loan doesn’t cover (for payment into a Government Regulated Trust Account), arrange for payment of Land’s Titles Fees and Stamp Duty, and attend to any other final Document checks and Government Searches required.
Settlement occurs at the Adelaide Land’s Titles Office and is attended by your Lender and the Vendors Conveyancer. I receive and check Documents from the Vendors representative, and when satisfied hand them to your Lender. Your Lender will again check that all the Documents are in order, and then provide cheques for the Vendor. Your Lender attends to the Lodgement and Registration of all the Documents, and will hold your Certificate of Title* until your Mortgage has been repaid.
If you are fortunate to have paid cash for your Property, your Certificate of Title will be returned to you approximately 6-8 weeks after Settlement.
Please Note: I am unable to be contacted during a Settlement. I “check-in” on FaceBook when I am at the Land’s Titles Office so that you know where I am! Thankyou for your patience during these times!
I notify the Local Council, RevenueSA (Land Tax & Emergency Services) and SAWater of your change of ownership. You will need to notify any other personal services; Electricity, Gas, Phone, etc. Your File is not closed until a final check of the Certificate of Title shows that the Transfer and Mortgage Documents have been registered.
Please do not hesitate to contact me on 0410 037 659 for a written quote or with any further queries that you may have,
*With the introduction of “e- Conveyancing”, “Paper” Certificate of Titles will eventually become obsolete. However, until such time, please continue to store them securely!