Buying a house for the first time may be a daunting prospect for you. All you can do is to hire a professional Conveyancing Lawyers Melbourne because the legal side of purchasing property is full of new and unknown terms and conditions which we hardly understand for the first time.

So let’s have basic over view of what exactly does the conveyancing lawyers mean.

What is Conveyancing?

Conveyancing is a word you may not have come across before deciding to buy a home. It simply describes the legal process when property changes hands from one person to another. Residential conveyancing is the type that you're most likely to be involved in, dealing with the buying, selling and renting of homes and personal properties. Commercial conveyancing deals with sales and leases of business properties.

What do Conveyancing Solicitors do?

Conveyancing Solicitors or the best Conveyancing Lawyers (same thing) deal with all the paperwork and steps that are required by law for transfer of equity that is transferring the title deeds of a property from one person's name to another.

When you are buying a property, you need to employ the services of a Conveyancing Solicitor. They will take over from the time you make an offer with the estate agent and instruct you on any documents that need to be signed and organise environmental, water and drainage and Local Authority searches. They also arrange for payment of relevant taxes and work with your mortgage lender to arrange funding of the purchase.

Conveyancing services will also be needed if you choose to mortgage your property in the future or for drawing up residential property leases if you decide to rent the property out.

How long does conveyancing take?

The length of time from putting in an offer to completing a property can be as little as 6 weeks or could take longer than 12 weeks, depending on time to complete searches and other buyers and sellers in the property chain. As a first time buyer, you are placed at the bottom of the chain, which usually makes things more straightforward. The average conveyancing time is around 10 weeks.

Many home owners and buyers opt to use a conveyance service that is suggested by their estate agent, but conveyancing solicitors or conveyancing lawyers can vary a lot both in terms of fees and in services offered, so it is worth doing the research and hiring your own conveyancing lawyers.