What's happening?
Residential conveyancing is the legal process of transferring ownership of a house, unit or townhouse from one party to another. It involves reviewing the contract, carrying out relevant searches, coordinating with the other side and preparing for settlement.
Because contracts and local requirements differ from property to property, it helps to have someone checking the detail on your behalf, whether you are buying your first home or selling a long-held family property.
What could it mean for me?
- Contract terms can affect your rights if something goes wrong before settlement
- Missed conditions or dates in a contract can have financial consequences
- Searches can reveal issues with the property that may not be obvious on inspection
- Coordinating finance and settlement timing requires attention to detail
What are my options?
- Engage a solicitor before signing to review the contract
- Negotiate special conditions to suit your circumstances
- Arrange relevant searches appropriate to the property
- Coordinate settlement timing with your finance and any related sale
What happens next?
- Send us the contract for review as early as possible
- We raise any queries or requested amendments
- Searches and enquiries are arranged
- We prepare and check settlement figures
- Settlement occurs and ownership transfers
How can MGE Lawyers help?
MGE Lawyers assists buyers and sellers throughout the residential conveyancing process, aiming to identify issues early and keep you informed at each stage.