5 Facts You Need to Know About Conveyancing in Sydney's Inner West

November 27, 2013

Inner_Western_Sydney_Median_Prices

The Inner West is the red-hot sector of Sydney’s property market

Topping both the northern beaches and prestigious lower north shore real estate market, the Inner West has kept its million-dollar sales spree on track.

NOW is the perfect time to buy or sell which is why we’ve decided to give you

5 Facts You Need to Know About Conveyancing in Sydney’s Inner West

1. CONVEYANCING IS EASY TO UNDERSTAND.

Put simply, conveyancing is the legal process of transferring ownership title of land or property from one person to another. This transfer may also be between legal entities such as businesses. If you want information on the transferring of property for during family law matters – click here.

2. THE PARTIES INVOLVED.

Typically, conveyancing will include the use of a lawyer and conveyancer.

3.DON’T GET CONFUSED.

The lawyer provides advice about legal rights and obligations when buying or selling properties. The conveyancer is a licensed professional who ensures that you are meeting all legal obligations and that your rights are protected during the transaction.

4. GOING SOLO.

Not using a conveyancer is perfectly legal but if you think about it, buying or selling a property is a huge investment that involves large amounts of money. You can take chances but we strongly recommend you use a qualified conveyancer to help make the acquisition run smoothly.

5. THE BENEFITS

If you hire a licensed conveyancer, you are protected by property indemnity insurance and get access to statutory compensation funds. Should your money that is held by a conveyancer get lost, you are protected. DIY conveyancing is an option, but it’s not without its risks. Find out more here.

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