What is Conveyancing?
Conveyancing is the legal process of transferring ownership of a property from one person to another. It involves several steps to ensure that the transaction is legally valid and that both the buyer and seller meet all their obligations. Here are the key steps involved in conveyancing which Synergy can take care of for you:
Preparation of Documents: Drafting and reviewing the contract of sale and other legal documents.
Property Searches and Inquiries: Conducting searches to check for any issues with the property, such as unpaid debts, legal restrictions, or zoning laws.
Exchange of Contracts: Once both parties agree to the terms, contracts are signed and exchanged. This step makes the sale legally binding.
Settlement: The finalization of the sale, where the buyer pays the purchase price and the seller transfers the property title. The conveyancer ensures all legal documents are in order and facilitates the transfer of funds.
Registration: Registering the new ownership with the relevant government authority, making the transfer of ownership official.
Conveyancing ensures that the transfer of property is done legally and smoothly, protecting the rights and interests of both the buyer and the seller.
