If you’re selling a property in Victoria, the term “conveyancing” will come up early and often. But what exactly does it mean — and why do you need it?
What is Conveyancing?
Conveyancing is the legal process of transferring ownership of real property from one person to another. When you sell your home, conveyancing covers everything from preparing your contract of sale and Section 32 Vendor’s Statement, through to coordinating the final settlement where funds are exchanged and the title transfers to the buyer.
In Victoria, the process is governed by the Sale of Land Act 1962 and the Conveyancers Act 2006, which sets out the requirements for licensed conveyancers and the documentation required.
What Does a Conveyancer Do for Sellers?
When you engage FC Conveyancing to handle the sale of your property, we take care of:
- Preparing the Section 32 Vendor’s Statement — a legal document that discloses key information about the property to prospective buyers
- Drafting the Contract of Sale — the binding agreement between you and the buyer
- Conducting title searches — to confirm ownership and identify any encumbrances
- Liaising with your mortgagee — to arrange discharge of any mortgage at settlement
- Calculating and preparing settlement adjustments — apportioning council rates, water rates, and other outgoings between you and the buyer
- Organising and attending settlement — coordinating the exchange of documents and funds, now typically via PEXA
When Do You Need a Conveyancer?
In Victoria, you legally need a contract of sale before you can advertise your property for sale. This means you should engage a conveyancer early — ideally before you contact a real estate agent. This ensures your documentation is ready when you find a buyer.
How Long Does it Take?
The conveyancing process for sellers typically runs from the time you list your property until the settlement date agreed in your contract. In Victoria, 30–90 days from contract signing to settlement is common, though this varies depending on what’s been negotiated.
Ready to Sell?
FC Conveyancing helps sellers across Melbourne and Victoria prepare for a smooth, successful transaction. Contact us today for a free quote and let’s get the paperwork sorted.