How to do your own conveyancing
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It is possible to do your own conveyancing, but most people get a licensed conveyancer or property solicitor (or property laywer) to do the work for them.
Doing your own conveyancing can be risky because you can’t get the same insurance that licensed conveyancers or solicitors have.
This means that if you make a mistake you are responsible and there’s nowhere you can go for financial compensation. But there are kits available to guide you through the process of conveyancing, and it is possible to go it alone. You can find DIY Conveyancing kits online – make sure you find one suitable for your state or region.
First steps
Before you transfer the title you need to make sure that you have a clear understanding of the state and condition of the property. The conveyancing process includes steps to make sure that the transaction is correct for both buyer and seller, and that any outstanding costs – rates, taxes and levies – are cleared at settlement.
This process involves legal searches and checks, which will cost you a few hundred dollars. A conveyancer will charge you a fee of $500-$1,000 to perform these searches for you.
If you have the confidence to do your own conveyancing, you can save several hundred dollars.
However if you’d prefer to concentrate on all other the pressures involved in buying and selling real estate, contact a professional conveyancer in your area.