If you decide to buy or sell immovable property in Australia you will most probably need to use the services of a conveyancer. Let’s discuss briefly what this legal professional does and how much the delivered services may cost.
A conveyancer specifically deals in handling all the extensive paperwork, legal research, and settlements pertaining to buying or selling a property, from a small house to a big estate. A good conveyancer should be a member of the Australian Institute of Conveyancers, have at least some experience and charge reasonable fees.
To answer the questions that may linger in your mind now: yes, a solicitor can also perform these duties, if he or she has sufficient practical experience in this particular area. And yes, theoretically, you can do it all yourself, using the dedicated conveyancing kits. However, conveyancing involves plenty of legal work, paper filing, and legal knowledge. If you miss some detail, it will affect the outcome of the deal, and you may be made to pay the penalty fees for causing inconveniences to the other party.
So the best way is to hire a conveyancer and leave all the trouble to him or her (and all possible blocks or mistakes will be covered by their insurance of professional indemnity.
Pricing Of Services Delivered By Conveyancers
To answer the question headlong, the total cost of the conveyancer’s work can range from $400 to $1,350 0r higher, up to $2,100, if some tricky situation is faced. This is solely the fee you pay to a conveyancer for the work completed.
This calculation includes the minimum and average numbers of hours worked, including paperwork, consulting, information tracking, etc.
However, the process will most probably include costs of disbursement, and money paid by your conveyancer to other agencies and officials for the work they do.
For example, the purchase of property may cause the disbursement fees of $270+, and the sales can lead to the disbursement fees of $280+ (title search, clearances, possible tax issues, consulting on property laws, payables, etc.).
If we look at the separate service fees included under disbursement, we can find the following (just to give you a clue):
– Title search can cost from $20 to $100
– Land tax clearance document – $20 to $25
– Environmental Protection Agency approval paper – also around $20-$25
– Local Council S149 Certificate – anywhere from $55 to $133
– Local Council Building Certificate – $250.
These are just a few examples of what may fall into the disbursement costs line. This list also indicates how complex the sales transaction is (and this is without mentioning the litigations and disputes that may suddenly arise when you least expect it). To navigate the whole process carefully, you either need to be super organized and have plenty of time at hand or hire a conveyancer.
What Are The Key Tasks Of A Good Conveyancer?
If we leave alone all the bureaucracy and paperwork for a moment, there are two essential actions that a conveyancer will supervise and ensure. They are of crucial importance to your ownership and usage of the property, and without them, the transaction is not complete.
Here, we talk about the transfer of equitable title and the transfer of legal title. They are two halves of a complete sales/purchase transaction. A conveyancer ensures that both actions are taken and you receive legal and equitable titles to your property. It is already a significant piece of work, and if you don’t speak legalese or have a skill of easy navigation in the labyrinths of local bureaucracy, you’d better call a conveyancer right away.
Where To Find A Good Conveyancer?
Well, word of the mouth and Google are your best friends, but if you happen to live in or to move to Sydney and live somewhere close to the suburb of Parramatta, we can facilitate your search.
Our company’s staff includes the best conveyancer Parramatta can offer you, and the services are provided at a very reasonable rate. We guarantee experience in property deals, high professionalism, and amazing efficiency of work.
Leave the stress out of the house purchase (or sales) and enjoy the deal outcomes without worries!