To ensure you are fully informed prior to buying a property, consult a conveyancer.
When buying a property, you are free to appoint your own conveyancer.
If a real estate agent is selling the property, they may encourage you to consult a conveyancer they work closely with.
You can do so but you don’t have to – the choice of who you appoint as your conveyancer is totally up to you.
How to choose a Conveyancer?
We recommend you engage a conveyancer who is a member of AICSA.
Engaging a member conveyancer is your best guarantee of ethical conduct, expert advice and professional service.
Our members are fully qualified, legally registered, are subject to a Code of Conduct and all carry professional indemnity insurance to protect you, the consumers.
If you’re in the process of looking for a conveyancer, click here to use our Find a Conveyancer tool.
Click here for more information on how to choose a conveyancer.
There are many rules and regulations governing property transactions and they are constantly changing.
We run professional development training programs for our member conveyancers so they can understand and keep up-to-date with the latest requirements.
You can have confidence in the professionalism and integrity of an AICSA member.
You can search our Find a Registered Conveyancer Tool to locate a suitable conveyancer near you.
What questions should a prospective purchaser ask a conveyancer?
- What’s the maximum I can expect to pay in fees and charges?
- What are your fees and what services are included in those fees?
- What will any additional services cost?
- What government fees and charges will I need to pay?
- How long will settlement take?
- How will you keep me up to date with what’s happening?
Click here to see our full list of FAQ’s
Is there a standard rate for conveyancing services?
As a professional body, we do not set or regulate the fees charged by our members nor does the government regulate conveyancing fees.
Conveyancers have expert skills to complete transactions effectively and efficiently; their fees reflect their professionalism and the complexity of your transaction.
Whatever the fee, remember you are buying peace of mind.
Your conveyancer should:
- Protect your interests
- Be your advocate
- Keep you informed at every step; and
- Ensure you can exercise your rights and meet your responsibilities.
All transactions are not the same. Sometimes a transaction requires additional work that was not foreseeable at the outset. A conveyancer is entitled to charge additional fees for additional work.
If seeking a quote for fees, you should always ask;
- What is included in this fee?
- What services will attract an extra fee and how will that fee be calculated?
You should also ask your conveyancer to notify you if it becomes clear additional work is required.
What will a conveyancer do?
A conveyancer undertakes the required legal work to transfer ownership of real property from one person or entity to another.
It is recommended that if you are considering purchasing a property to consult a conveyancer as soon as possible, preferably before you sign the contract of sale.
A conveyancer can inform you of your rights when purchasing a property, the terms and conditions of the contract, your ‘cooling-off’ rights and any right that the seller or you may have to withdraw from the purchase.
The conveyancer can also review the Form 1 – Vendor’s Statement (section 7), which is a prescribed disclosure statement about the property that contains information from various statutory authorities, the local council and the seller’s knowledge of the property. The Form 1 may disclose information that you should be aware of, or that may affect the property.
Conveyancers must verify your authority to transact the property as well as your identity. An authorisation must also be obtained by the conveyancer from you to act, to certify the necessary legal instruments, to complete financial settlement and do anything else necessary to complete the conveyancing transaction.
A conveyancer will prepare a settlement statement to adjust and reconcile between the seller and you the purchaser the rates, taxes and levies, any other outgoings, and any income in respect of the property. The conveyancer will also calculate the stamp duty, and registration fees, payable to transact the property.
Most importantly, your conveyancer is there to protect your interests, be your advocate, ensure you meet your contractual obligations and keep you informed at every stage of the transaction.
Click here to see the full list of tasks a conveyancer does when acting for a purchaser.
AICSA Members are your trusted professionals.