Buying or selling a property is a significant life event, and one that comes with its fair share of complexities. Conveyancing is the legal process of transferring property ownership from one party to another. It’s an essential step that ensures that the transaction is legally binding, that both the buyer’s and seller’s interests are protected and the property is transferred into the new ownership.
The timeline for conveyancing can vary depending on several factors, including the complexity of the transaction, if the parties are first home buyers and are using KiwiSaver and Kainga Ora First Home Grants or if the Agreement for Sale and Purchase is conditional upon such things as finance, builders reports or a LIM. It is important to liaise with your legal representative to make sure that you are meeting the conditions as per the timeline of the agreement.
