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  What is conveyancing?  
     
  Conveyancing’ is the legal services done by Licenced Conveyancers and Solicitors involved in the legal process of preparing and signing a contract for transferring property ownership from one person to another.  
     
  What is the conyeyancing process?  
     
 

Conyeyancing is the process for selling and buying real estate. Please note the process differs significantly from State to State. However, in all States and Territories conveyancing follows the same general process which essentially involves a three step process as follows:

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Contracts come into existence - A sale agreement becomes binding because a deposit is being paid. The Contract for Sale is a very important legal document and many disputes can arise between vendors and purchasers if the document is not prepared correctly. The purchaser should NOT exchange a contract for sale until they have reviewed the contract with their conyeyancer and solicitor.

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Settlement and Completion - The balance of the purchase price is paid and the title transfers to the purchaser. The purchaser's conveyancer / solicitor prepares a transfer document, arranges for the purchaser to sign and pay any stamp duty for the documents to be registered. Once registered the conveyancer sends the transfer to the vendor's solicitor / conveyancer for the vendor to sign. The time for completion can be set by agreement between the parties. 

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Title documents are registered - After Settlement, the purchaser's conveyancer / solicitor will register the transfer documents with the Land Titles Office. Usually, there will be a discharge of any existing mortages; withdrawal of any existing caveat/s; transfer of title from the vendor to the purchaser; mortgage from the purchaser to the new mortgagee. The Land Titles Office advises the relevant authorities (such as the local council, water authority and Valuer General's Office) that the property has a new owner.

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