What does a conveyancer do?
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For every transfer your Registered Conveyancer will:
* Offer independent advice on your Contract and Form 1 when prepared by an agent.
* Check that there are no outstanding charges and advise you in relation to encumbrances or easements.
* Calculate the amount of the rates and taxes payable by you.
* Prepare a settlement statement showing the net amount that you will pay or receive.
* Prepare the documents to transfer the property.
* Co-ordinate and attend settlement on your behalf.
* Notify SA Water, the Council and any Strata/Community Corporation of the change of ownership.
* Attend to various other tasks related to your transaction.
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- Plus when Selling:
* Arrange for the discharge of any mortgage and collect your title from your bank.
* Deposit the proceeds of sale in your bank account or post them to you by registered mail.
* Liaise with the agent and obtain the details of the commission and other fees.
* Pay any outstanding amounts to the Council, SA Water, Land Tax, Emergency Service Levy, Strata/Community Levy, etc.
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Plus when buying:
* Advise you about property insurance
How do I engage a conveyancer?
Essentially the conveyancer needs to have a quick chat and guesstimate how many hours of work is involved - which is good for consumer because in most cases you can an idea of cost.
The quote is broken down into three main areas:
1. Conveyancing fee - which is negotiable
2. GST - based on above fee (10%)
3. Searches - which can vary from job to job
What other considerations should I weigh up, besides price?
- Experience in the industry
- Professional cover and membership of AAIC - www.aicsa.com.au (our professional body - where complaints can be lodged)
- Potential for conflicts of interest
ABN 77 864 952 332
All correspondence to:
Dial A Conveyancer
PO Box 3338
Rundle Mall
Adelaide 5000
Last Udated July 2008 |
