Frequently Asked Questions
-
A conveyancer manages the legal process of transferring property ownership from one party to another. This includes reviewing contracts, conducting property searches, liaising with lenders and the other party’s representatives, and coordinating settlement to ensure the transaction complies with NSW property law.
-
Conveyancing costs in NSW depend on the type of transaction and the complexity of the matter. Most conveyancers charge a fixed professional fee plus disbursements such as government searches and settlement platform fees. At Key & Quill Conveyancing, we provide transparent fixed-fee pricing so clients know exactly what to expect.
-
Buyers should engage a conveyancer before signing a contract so the contract can be reviewed and any risks identified. Sellers should engage a conveyancer before listing their property so the contract for sale can be prepared and ready for potential buyers.
-
The conveyancing process typically takes 30 to 90 days from exchange of contracts to settlement, depending on the settlement period agreed in the contract for sale.
-
A contract review involves a conveyancer examining the contract for sale of land before it is signed. This includes reviewing the title search, planning certificate (10.7), sewer diagram, easements, restrictions and any special conditions that may affect the property.
-
Settlement is the final stage of the conveyancing process where ownership of the property is transferred to the buyer. Funds are exchanged, the title is transferred, and the buyer officially becomes the new owner. Most settlements in NSW are now completed electronically through PEXA.
-
While it is not legally required to use a conveyancer, property transactions involve complex legal documents and financial risk. A conveyancer helps ensure the contract is properly reviewed, legal obligations are met and the transaction proceeds smoothly.
-
In NSW, buyers of residential property usually have a five-business-day cooling-off period after signing the contract. During this time the buyer can withdraw from the contract but may forfeit 0.25% of the purchase price.
-
Yes. Property can be transferred between family members through a related party property transfer, but the transaction must still comply with NSW legal requirements. Stamp duty and other government obligations may apply depending on the circumstances.