Conveyancing
Frequently Asked Questions

MCNAMARA & ASSOCIATES are on hand to assist with your Property Conveyancing FAQs. Contact our team today for legal advice & consultation.

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FAQ’s

We have conveyancing staff who are always available at Ipswich, Springfield and Gatton office. Contact our expert Property Lawyers to get help with your residential & commercial conveyancing cases. We do the heavy lifting for you!

Conveyancing Frequently asked questions

How we help.

Do I really need a conveyancer?

At first glance, handling your own conveyancing may seem like an easy, cost-effective option but in reality, most buyers and sellers do not have the knowledge of the ins and outs of the specific requirements for property transactions as set out by the Queensland Law Society.  If you make an error or omission throughout the process, it may cause the Settlement to be delayed and potentially enable the other party to terminate the Contract.

So it is important to ensure you hire a conveyancer who is aware of the property laws to ensure that the i’s are dotted and t’s are crossed to avoid any nasty surprises.

What should I be asking before I choose my conveyancer?

When making the decision on a conveyancer to handle your matter, there a few questions that you should ask before you proceed to ensure you are aware of what is included:-

  • What are the fees and what is included?
  • How often will I hear from you?
  • If the dates on the Contract are extended, will this cost me extra?
  • What government fees and charges will I have to pay?
  • Do you have insurance protection?

Choosing the wrong conveyancer can be costly, so asking the right questions at the start will ensure you have someone who is working for the best outcome for you!

What if I am selling my property privately?

If you have decided to sell your property without a Real Estate Agent or have found a Buyer before you have found an Agent, not a worry! We can prepare the Contract for you. Our firm can also act as the Stakeholder for the deposit.

What costs should I be expecting?

There are a lot of hidden and unexpected costs when selling and buying property that people do not think about until it is too late. It is important to be aware of the costs so that you can budget for them.

Other than the legal costs, expenses arise in various areas of the transaction which may or may not be disclosed to you from the outset.

The price tag on the property is just the beginning. Here are some of the expenses you can expect when you are purchasing a property:-

  • Building and Pest Inspection
  • Stamp Duty
  • Registration Fees (generally incorporated into the mortgage)
  • Search fees
  • Application fees and service fees for obtaining any loan
  • Rates, water and other utilities once you own the property
  • Insurance
  • Possibility of Lenders Mortgage Insurance

Here are some of the expenses you can expect when you are selling a property:-

  • Final loan and interest repayments
  • Fees payable to discharge your  mortgage
  • Search costs
  • Advertising costs and sales commission payable to the Real Estate Agent
  • Rates and Water adjustments
  • Moving costs

How will you communicate with me and how often?

Communication is key; therefore we will keep you updated throughout every stage of your transaction. We can contact you by phone, email or post – whatever is most convenient for you!

What parts of the process can my conveyancer NOT assist with?

We do not offer any financial or taxation advice or assistance as we are not qualified to do so. If these are issues of concern you should be in contact with your accountant or financial advisor.

Who notifies the authorities that the property has transferred ownership?

When the Transfer of Land document is lodged at the QLD Titles Office after Settlement, the local council and water provider are automatically notified of the new ownership. However, other providers for insurance and electricity are the responsibility of the relevant party.

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