Conveyancing is the legal process of transferring property ownership from one person to another. It includes preparing contracts, conducting property searches, and lodging documents with the relevant authorities.

You'll need a conveyancer when buying, selling, or transferring property in New South Wales. They handle the legal and administrative aspects of the transaction, ensuring a smooth and compliant process.

The specific documents required will depend on the type of transaction, but generally include:

• Identification documents

• Proof of address

• Property details

• Financing documents (if applicable)

• Contracts and agreements

The timeframe for conveyancing can vary depending on factors such as the complexity of the transaction, property searches, and the parties' responsiveness. However, it typically takes several weeks to complete.

Stamp duty is a tax levied on property transfers in New South Wales. The amount of stamp duty payable depends on the property's value and the type of transaction.

Settlement is the final stage of the conveyancing process when the property ownership is transferred, and the purchase price is exchanged.

? In New South Wales, there's a cooling-off period after contracts are exchanged, during which buyers can withdraw from the purchase. The length of the cooling-off period depends on the type of property.