Frequently Asked Questions
1. What is conveyancing?
Conveyancing is the legal process of transferring property ownership from one person to another. It includes preparing documents, conducting searches, and ensuring settlement runs smoothly.
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2. Do I need a conveyancer or a solicitor to buy or sell property?
In South Australia, you can use either a licensed conveyancer or a solicitor. Conveyancers specialize in property transactions and are often more cost-effective for standard matters.
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3. How much does conveyancing cost in South Australia?
Fees typically range from $700 to $1,500 depending on the complexity of the transaction and disbursements (searches, government fees, etc.).
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4. When should I engage a conveyancer?
Ideally, before signing a contract. A conveyancer can review the contract and help ensure your rights and obligations are understood.
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5. What is a Form 1 (Vendor's Disclosure Statement)?
This is a legal document the seller must provide, disclosing relevant details about the property (e.g., zoning, easements, encumbrances). It's required before the cooling-off period begins.
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6. What is the cooling-off period in SA?
Buyers have 2 clear business days to withdraw from the contract after receiving the Form 1. It doesn’t apply at auction or if waived.
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7. What searches are done during conveyancing?
Typical searches include title search, council rates, zoning, land tax, and encumbrances.
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8. How long does settlement take?
Usually 30 to 90 days, but it depends on the terms agreed in the contract.
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9. What happens on settlement day?
Ownership transfers officially, funds are exchanged, and the buyer receives the keys. Your conveyancer coordinates this process.
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10. Why do I need a conveyancer?
A licensed conveyancer ensures your property transaction is legally sound, protects your rights, and avoids costly mistakes. We handle everything from contract review to final settlement.
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