Your offer has been accepted — now what? Conveyancing is the legal process that transfers ownership from the seller to you, and it is the part of buying property that almost nobody understands until they are in the middle of it. Between offer and settlement there are contracts to review, searches to conduct, finance to finalise, and about a dozen points where things can go sideways if you are not paying attention. This guide walks through every stage in plain English — from engaging a conveyancer and reviewing the contract, through exchange and the cooling-off period, to the property searches that reveal hidden problems, the pre-settlement inspection you should never skip, and what actually happens on settlement day. We cover the critical differences between states, the common mistakes that delay or derail settlement, and why engaging your conveyancer before you sign anything could be the smartest few hundred dollars you ever spend.
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Conveyancing Explained: What Actually Happens Between Offer and Settlement
Your offer has been accepted — now what? Conveyancing is the legal process that transfers ownership from the seller to you, and it is the part of buying property that almost nobody understands until they are in the middle of it. Between offer and settlement there are contracts to review, searches to conduct, finance to finalise, and about a dozen points where things can go sideways if you are not paying attention. This guide walks through every stage in plain English — from engaging a conveyancer and reviewing the contract, through exchange and the cooling-off period, to the property searches that reveal hidden problems, the pre-settlement inspection you should never skip, and what actually happens on settlement day. We cover the critical differences between states, the common mistakes that delay or derail settlement, and why engaging your conveyancer before you sign anything could be the smartest few hundred dollars you ever spend.
Continue reading