Business & Property

Buying and Selling Property: Do I Need a Conveyancer?

Conveyancing is an essential process that is required whenever property is sold and purchased in South Australia.

Conveyancing is an essential process that is required whenever property is sold and purchased in South Australia.

It involves changing the ownership of the property from the vendor(s) to the purchaser(s).

In most cases, a bank will hold a mortgage over the vendor’s property and a purchaser’s bank will register a mortgage when the property is purchased.

It is the role of the conveyancer to liaise with the bank to have either the mortgage discharged from the property prior to transferring to the name of the purchaser, or liaising with the bank to ensure it is ready with funds required on settlement day.

The process of transferring the property from the vendor to the purchaser occurs at the Land Titles Office in Grenfell St, Adelaide on settlement day as set out in the contract for the sale of the property.

Tindall Gask Bentley does not charge administration fees or fees to attend settlement, as is often the case with other conveyancers and lawyers.

To instruct a TGB lawyer, please advise your real estate agent or contact your nearest TGB office.