Conveyancing is the legal term for the process of registering the transfer of ownership of land and buildings (immovable property).
The process starts with a written agreement for the sale of the property. If an estate agent is involved in the sale, it’s usually in the form of an “Offer to Purchase” where the purchaser makes an offer to buy the property. The seller has an opportunity to then accept the offer or make a counter-offer.
Otherwise, the parties will make their own agreement or get an attorney to draft an agreement.
The next step in the process is to then give the agreement to the conveyancing attorney. A conveyancing attorney is an attorney who has written an extremely difficult exam which qualifies him/ her to manage the process of property transfers and sign the documents necessary for the transfer.
The conveyancer will then make sure that all the necessary documents are drafted, and the rates clearance etc are paid.
If the property is Sectional Title, or in an estate there is more administrative process to go through.
The cost of the process is dependent on the value of the property.