Secure your property deal with Bendigo conveyancing

Conveyancing or conveyancer's role is to ensure a legally safe transfer of the title of the property from one party to another. This property title transfer can happen in various situations and the details of which are discussed on this page by considering Bendigo conveyancing.

However, the transfer of title of the property can be taken place for many reasons, all of which has two main phases:

#1. Exchange of contracts

#2. Completion/ settlement

Exchange of contracts

Exchange of contract is the first phase as per the jurisdiction of property transfer in Victoria. However, one needs to ensure a checklist before coming to the phase of exchange of contracts. This phase guarantees that both the buyer and seller are serious in the deed and once the exchange of contract is done, the buyer can claim that he will be the new owner of the property to go ahead with further validation on the property. 

This exchange of contracts is needed in order to carry-out legal negotiation with the existing tenant or leaseholder. This also provides you with the right to check your property details in deep includes whether your conveyancer has registered for transfer of ownership. The cost incurs during the search after an exchange of contracts can be included in the buying cost which is not possible without exchange of contracts.

Completion or settlement

Completion or settlement is the final stage in buying or selling a property. When the exchange of contract is made, the buyer has to agree on the completion date of the sale. This duration wholly depends on the buyer and seller.  Once the settlement is done, all the process in the buying or selling process is closed on the same day and no further transactions will be entertained after the deed is closed.

Conveyancing services for various deeds:

Buying a property:

Buying a new house is always an exciting but cumbersome task. First-time buyers encounter difficulties in understanding legal process and procedure. Conveyancers aid you to learn these process and prop up you

1. To get ready with the necessary documents
2. To do complete search on the property
3. To identify is there any debts on the property
4. To validate whether all the duties are paid and cleared up to date

Selling a property:

Like buying, when you need to sell a property, you need to follow the certain steps as per the law. Conveyancing firms suggest you what to do in order to sell your property at the earliest and with maximum profit.  

They help you

#1. In preparing the exchange contract when the required condition is agreed by both parties (the buyer and the seller)

#2. In binding all the parties involved in settlement (the buyer, the seller, and the bank)

#3. In completion or final settlement and make sure that all the due payments are made

Title transfer within family or relatives:

Transferring of title within a family is always considered as a cakewalk compared with title transfer between two different parties. However, it is not easy as it is considered! If it is within family or relatives, then seeking expert's advice is primary. Only an experienced conveyancer can suggest you the right advice and help you in financial aspects like a capital gain tax, asset protection, negative gearing and other centre link payments. They will also make certain on the minimum stamp duty.

Other property related legal services:

Other than these common things, conveyancers also have a vital role to play in other property related matters, which has to move legally.

This includes

#1. Transfer and renewal of lease

#2. Mortgages

#3. Refinance settlements

#4. Applications and lodgements

As far as Australia's property laws are concerned, each state has different laws. If you are somebody looking for conveyancing services, you can approach Bendigo Conveyancing services to get expert advice.