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What is a Settlement Agent (Conveyancer) and what do they do?
Simply put a settlement agent undertakes the responsibility of the transfer of your property. But unfortunately the process is not quite as simple as it first may seem.
A settlement agent duties include (but not limited to):
Title searches of property
Search any encumbrances etc on the property
- Preparation of legal documentation
Preparation of a settlement statement showing the funds due/required at settlement
Checking all documents are correct;
Complete other available searches
Liaise with lending institutions to ensure they are ready before the due settlement date (where possible)
Follow up special conditions of the contract
Adjustment/payment of all outgoings due on the property;
Attend settlement to complete exchange of all documents and moneys
Keep clients informed at all times during the process.
Head Office
88a Catalano Circuit, Canning Vale