Conveyancing, as we know is the process of transferring the ownership of land or real estate from one person to another. This process is also known as transferring the ownership of a legal title for a piece of land. Conveyancing transactions entail the following parts:
Compare Conveyancing Melbourne firmly believes that understanding the conveyancing process is vital for all parties associated with real estate dealings. Conveyancing starts the moment a property is put on the market, completing the agreement pertaining to sale or purchase, and then transferring ownership from vendor to buyer. While the definition of conveyancing may appear simple, conveyancing itself is a legal procedure, full of complexities and thus needs a competent person to close it successfully.
What are the different facets of Conveyancing?
Real estate is vast and permanent. While people may think that it’s just a process entailing a loan and an act of buying or selling, experts at the Compare Conveyancing Melbourne argue that it’s much more. What starts with a mortgage also contains activities like caveats, easements and covenants. It is part of the role of the conveyancing professionals providing conveyancing services to make sure that the property is successfully transferred or “conveyed” to the new owner, devoid of any other clauses and interests. If the property cannot be conveyed freely, then the purchaser of the property should be alerted to the diversified interests as part of conveyancing service.
In addition to the above, conveyancing is about keeping the entire process on track. While conveyancing can be a very simple process when everything is straight-forward, anyone can complete the procedures required to efficiently transfer ownership of a property. However, the craft of conveyancing doesn’t rest on the knowledge of conveyancing procedures or conveyancing law. Rather, the real skill in successfully completing a conveyancing transaction is anticipating potential problems, legal and procedural, and curbing them before they become full blown issues.
That conveyancing continues even beyond the settlement of property draws out the question of start and finishing points of conveyancing. As Compare Conveyancing Melbourne effectively points out, there is a vast difference between conveyancing and legal matters. It is incorrect to assume that conveyancing is all about real estate sale and purchase, but that’s not true. Conveyancing is related to processes associated with transferring a property or conveying ownership.
Can we say that sale of Real Estate is Conveyancing?
Once again, the answer is no. It is a common, albeit costly mistake made by consumers who think that the actual sale is part of the conveyancing process. Compare Conveyancing Melbourne points out that such a mistake has enabled conveyancing companies to act as unqualified lawyers, thereby committing a criminal offence. One needs to understand the very basics of conveyancing which states that conveyancing does not start until a sale has been made. It is advisable for people to know this fact before they end up hiring a conveyancer right about the time they start looking for a property and then pay the conveyancer for services that were neither needed nor rendered.
Using a licensed conveyancer is something all interested buyers and sellers should be looking for as this will not just guarantee exceptional services, but will also ensure that the person thus employed is a genuine conveyancer.