Frequently Asked Questions
When should I engage the services of a conveyancer in Wollongong?
If you’re buying a property in Wollongong, it’s important to discuss your property purchase with a conveyancer as soon as possible. Ideally, this should be done before signing the contract of sale. From there, the next step is to discuss your intention to purchase with your mortgage broker or lender. Finally, your conveyancer can negotiate the contract of sale before you sign – if you have already signed, they may be able to negotiate within the cooling-off period.
If you’re selling your Wollongong property, it’s essential to get your contract ready as soon as possible with the support of your conveyancer. As soon as you decide to sell, you should engage the services of Entry Conveyancing Wollongong to prepare your contract and have a solicitor assist your real estate agent in marketing and selling the property. From the moment it goes up for sale to the closing of the deal, we’ll be with you every step of the way.
Can I take care of the conveyancing without a professional?
From the outside, conveyancing is the simple transfer of land title from a seller to a buyer. So, why shouldn’t you be able to do it yourself? Simply put, you can do your own conveyancing if you so wish; it is not a legal requirement to have a conveyancer. However, conveyancing is an arduous process, and one false move along the way can see you face hefty fines or even lose your deposit on your Wollongong property.
It is always worth paying a solicitor or licensed conveyancer to do the conveyancing on your behalf. The cost you save by doing your own is marginal compared to other fees you have to pay, plus you run the risk of missing vital steps in the process, and you are not insured in case something goes wrong.
What happens during conveyancing?
The primary goal of conveyancing is to transfer legal ownership of a property from one person to another. The process begins when the contract for sale has been received – in
most instances, this is when the seller’s agent has sent a signed copy of the contract to the purchasing party’s conveyancing agent. Once this has been signed by both parties, the conveyancing project begins, to transfer the ownership of the Wollongong property to the other party.
This process will include:
- Preparing, clarifying, and lodging relevant legal documents
- Researching the background of the property and title certificate.
- Calculating and informing of any adjustments arising from rates or taxes.
- Ensuring on-time payment of land tax, water consumption charges and other relevant dues.
- Settlement of the property on your behalf.
- Ensuring any agreed-upon conditions within the contract are then satisfied.
How much do Wollongong conveyancing services cost?
Our conveyancing Wollongong service operates by a standard fee. This fee includes a complimentary general contract review, but does not include any disbursements, PEXA charges and bank fees. For a free consultation for your Wollongong property, contact us on 1800 518 187 or via the online form.
Are your conveyancers in Wollongong solicitors?
Yes – at Entry Conveyancing, we operate with solicitors who specialise in property law and conveyancing. Our solicitors are experts in the field of conveyancing can provide expert assistance across all types of property in Wollongong.
How long does conveyancing take?
The Wollongong conveyancing process will be dependent on the parties involved. As a general guide, Entry Conveyancing speculates the standard settlement period lasting anywhere between 4 – 6 weeks following the exchange of contracts. However, alternative settlement terms can be negotiated between the buyer and the seller prior to confirming the contract. If both parties are willing to settle over a shorter period, then Entry Conveyancing will ensure everything is ready to make this happen.
Can you help me to transfer my property in Wollongong?
Yes. Transferring property is a common service undertaken by Entry Conveyancing. It is a more complex service than many believe, and our process will depend on the type of ownership that is already in place with the property. To transfer your property, our team will take care of all the complicated legal work, and handle appropriate legal documentation and submit it to the relevant bodies on time. We know that conveyancing in Wollongong involves more than just buying and selling – transferring properties between parties is an equally as important issue that demands the utmost diligence.