The Real Estate Conveyancing Process: What to Expect

Whether you are buying your first home, selling a property, or investing in real estate, the legal process behind the scenes called conveyancing is essential. Conveyancing ensures that ownership of the property is transferred correctly, your rights are protected, and the transaction closes smoothly.

What Is Conveyancing?

In simple terms, conveyancing is the legal process of transferring ownership of property from one party to another. It involves reviewing contracts, confirming clear title, arranging financial documents, and registering the transfer of land. 

What Does Conveyancing Involve for Buyers?

When you are buying a home or property, conveyancing protects your investment and ensures you receive clear ownership. Summit Point Law can manage the following important steps so you can move forward with confidence:

• Reviewing the agreement.

• Conducting searches on the land title, taxes, and zoning to ensure there are no hidden issues.

• Coordinating financing, including preparing and registering mortgage documents.

• Handling adjustments and closing costs, such as property taxes or prepaid utilities.

• Registering the property in your name, so you can take possession with confidence.

What Does Conveyancing Involve for Sellers?

When selling, conveyancing ensures you meet your legal obligations.  At Summit Point Law, we handle the following important steps so you can receive the sale proceeds without unnecessary delay:

• Reviewing the agreement.

• Preparing and providing required documents, such as mortgage details, tax information, or condominium records.

• Confirming title and paying out mortgages or liens.

• Preparing the statement of adjustments to reconcile prepaid expenses like property taxes or utilities.

• Coordinating closing day, including transferring funds, paying commissions, and releasing the balance of the proceeds to you.

Whether you are stepping into your first home, selling a property, or investing in real estate, understanding the conveyancing process helps you avoid surprises. With experienced legal guidance, you can focus on your next chapter knowing your transaction is handled with care from start to finish. We invite you to reach out today so we can guide you through your real estate transaction and protect your interests at every step.