Lexus Conveyancing in Domain, The Age newspaper
Read what our director Julie Pugh has to say about the Conveyancing process in an article featured in the Domain section of The Age below: Bridging the gap between bought and sold
Mary Costello, October 2, 2010
Conveyancing, the process of transferring ownership of property from the vendor to the purchaser, may be carried out by a solicitor or a conveyancer who, while not a legal practitioner, must be licensed under the Conveyancers Act.
Julie Pugh of Lexus Conveyancing describes the conveyancer’s role in the buying and selling process.
“We undertake the legal transaction of transferring property from vendor to purchaser,” she says. “When clients are selling, they come to us to have the Section 32 prepared.”
“That’s the roadworthy certificate for the property — the disclosure statement the vendor is required by law to give the buyer.
“When acting for the buyer, we like to see the clients before they purchase. We review the legal documentation and advise them on it, so they’re fully aware of what they need to know before signing, such as any planning restrictions that might apply.
“If it’s a city property it may have heritage overlays, which the buyer needs to be aware of if they want to extend or redevelop. In newer subdivisions there are lots of restrictions — design guidelines and building envelopes to comply with before the buyer can do what they want with the property.”
Ms Pugh says the main reasons for using a conveyancer rather than a solicitor are lower fees; and conveyancers specialise in the area.
“Conveyancing is all we do,” she says. “We’re licensed to do the legal work and we’re up to date with all the legislative changes.”
“We also work closely with lawyers. One of our partners is a solicitor and if a legal matter arises, the solicitor will advise the clients.”
Conveyancers normally charge a set fee of about $600. Costs are higher for off-the-plan purchases, as contracts are more complex and the reviewing process takes longer.
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