Frequently Asked Questions
What is a cooling off period and how does it affect me?
A cooling off period is a period of two (2) business days after the sevice of the Form 1. During this time the purchaser can choose to 'cool off' and exercise their right to terminate the contract without any consequences. The method and options to cool off are set out in the Form 1.
Can I buy and sell a house on the same day?
Yes, this needs to be a condition of the contract, purchase is subject to sale, you can have both settlements on the same day. The sale of your property goes through first. Then we will attend to finalising the purchase of your new property simultaneously.
What are your qualifications?
The qualifications of your Conveyancer will differ from state to state,however, all states and territories require a tertiary qualification for all conveyancers. It is best practice that Conveyancers obtain an Advanced Diploma of Conveyancing Services in (SA). Kailah Fuhlendorff has obtained these qualifications and it is a pre requisite for all Registered Conveyancing Staff to have completed this qualification at Innovative Conveyancing.
What is the difference between a Solicitor and a Conveyancer?
Licensed Conveyancers specialise in Real Property Act Transfers. They do not carry out other areas of law such as litigation or wills. In general, most people use a licensed conveyancer because it is a specialised area where you need the guidance of an expert in the conveyancing area to complete the property transfer.
Do you only look after residential buyers and sellers?
No, conveyancing is a diverse industry that requires many transactions and aspects of conveyancing services from deceased estates, subdivisions, matrimonial transfers and Real Property Act applicatons for change of name preparation of private contracts and Form 1 (cooling off papers). We work closely with real estate egents, brokers and bankers and guide people through the process relative to their property transaction and circumstances.
What does a conveyancer do?
Conveyancing is the term used for the legal and statutory process required to affect the transfer and ownership of real estate from one person or entity to another.
Do you offer online conveyancing?
Yes, also referred to as electronic conveyancing or e-conveyancing, online conveyancing allows parties to log in remotely to view and monitor their conveyancing transactions and share documents. It is a fast method of communication between your conveyancers and lenders. For a long time, this was referred to as the future of the profession, however we are now proud to say that it is the new and preferred way to transact.