The short answer
A conveyancer reviews the contract of sale, runs searches on the property, explains your rights such as the cooling-off period, prepares the transfer documents, works out adjustments for rates and other costs, and coordinates settlement with your lender and the other side. They make sure the property legally becomes yours.
What a conveyancer does when you buy
Before you sign
- Reviews the contract of sale and any special conditions.
- Checks the title, zoning and certificates attached to the contract.
- Flags issues such as easements, unapproved building work or unusual terms.
- Advises on the cooling-off period, where it applies. In NSW it’s generally five business days for residential property, but it doesn’t apply to auctions.
Between exchange and settlement
- Lodges or arranges searches and certificates.
- Calculates adjustments, so you and the seller each pay your share of council rates, water and strata levies.
- Works with your lender on the settlement figures and documents.
- Arranges settlement, which is now usually electronic through PEXA.
On settlement day
Funds move from your lender and your account to the seller, the title transfers to you, and you can collect the keys from the agent.
What a conveyancer does when you sell
They prepare the contract of sale with the required documents, answer the buyer’s questions, work out adjustments, and coordinate the discharge of your mortgage with your lender at settlement.
Get your finance lined up before you exchange.
Book My Home Buying ChatWho does what: conveyancer, broker, lender
| Who | Their job |
|---|---|
| Conveyancer or solicitor | The contract, searches, legal transfer and settlement. |
| Mortgage broker | Comparing lenders, your loan application and approval, and keeping the finance on track to settlement. |
| Lender | Assessing and approving the loan, the valuation, and paying the funds at settlement. |
The three need to talk, especially about finance dates in the contract. If your contract is “subject to finance”, make sure the date gives the lender enough time.
Choosing a conveyancer
- Check they’re licensed in your state, or a practising solicitor.
- Ask for a fixed-fee quote that lists searches and disbursements.
- Look for someone who is easy to reach near exchange and settlement.
Mortgage broker at My Finance Consultants. Daniel compares home loan options from a panel of 40+ lenders for refinancers, investors and home buyers, by phone, evenings included. About Daniel
General information only. It doesn’t consider your objectives, financial situation or needs, and it isn’t tax, legal or financial product advice. Lending criteria, fees and charges apply.