FAQs

FREQUENTLY ASKED QUESTIONS

Q. What does a Conveyancer do in simple terms

A. A conveyancer is responsible for ensuring that property is legally transferred from the Vendor (selling the property) to the Purchaser (who is purchasing the property). We protect the interest of the Vendor and Purchaser and ensure that the property is settled in accordance with the sale contract.

Q. What costs are associated with the purchase of a residential property

A. The major costs are as follows;

• Stamp Duty on Transfer
• Lands Titles Office registration fee on Transfer
• Conveyancing fees
• Search costs and disbursements
• Adjustments of Rates and Taxes
• Finance fees and charges.

Please contact us to discuss the fees as certain transactions may have additional fees as this is only a guide.

Q. What costs are associated with the sale of a property

A. The major costs of a sale are as follows:

• Loan repayments to a financier
• Real Estate Agent commission and expenses
• Conveyancing fees
• Search costs and disbursements
• Adjustment of Rates & Taxes.

Please contact us to discuss the fees as certain transactions may have additional fees as this is only a guide.

Q. Does Prospect Conveyancing have Professional Indemnity Insurance

A. Yes, we have professional indemnity insurance to protect the consumer.

Q. Is Prospect Conveyancing a member of the Australian Institute of Conveyancers?

A. Prospect Conveyancing is a member of the Australian Institute of Conveyancers (AIC) and we regularly attend industry seminars to keep up to date with the ever increasing changes to the Property Industry.

Q. Is Prospect Conveyancing involved in any other Professional Organisations.

A. Prospect Conveyancing is a member of the Urban Development Institute of Australia (UDIA)