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Conveyancing and Settlement: What Happens After Your Offer Is Accepted

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What does a conveyancer do, how long does settlement take, and what fees are involved? A plain English guide to the legal process of buying property in South Australia.

HomeBlogConveyancing and Settlement: What Happens After Your Offer Is Accepted

By Jason Given - June 2026 - 6 min read

What does a conveyancer actually do?

A conveyancer (or property solicitor) handles the legal side of buying or selling property. They are separate from your mortgage broker - while we arrange the finance, the conveyancer manages the legal transfer of ownership.

Their job includes reviewing the contract of sale, conducting title searches, checking for any encumbrances or restrictions on the property, liaising with the seller's conveyancer, managing the settlement process, and ensuring the transfer of ownership is registered correctly.

Think of them as the person who makes sure the property you are buying is legally what you think it is, and that the transfer happens cleanly.

The Form 1 in South Australia

In SA, the seller is required to provide a Form 1 (vendor disclosure statement) to the buyer. This document contains essential information about the property including title details, council rates, water rates, any encumbrances or easements, zoning information, and other material facts.

The Form 1 is important because it triggers the cooling-off period. Once you receive it, you have 2 clear business days to review the information and decide whether to proceed. During this period, you can cancel the contract without penalty (other than a small cancellation fee, if specified in the contract).

If you buy at auction, there is no cooling-off period - the contract is binding immediately. This is why it is important to have your conveyancer review the contract and Form 1 before auction day.

The settlement process step by step

  • 1.Contract signed - you and the seller sign the contract of sale. You pay the deposit (usually held in a trust account)
  • 2.Form 1 and cooling-off - you receive the Form 1 and have 2 business days to cool off. Your conveyancer reviews everything during this period
  • 3.Finance approval - your broker (that is us) works to get your loan formally approved. The contract usually has a finance clause giving you 14-21 days to secure approval
  • 4.Building and pest inspection - if the contract is subject to inspection, this happens during the early days of the contract period
  • 5.Title searches and checks - your conveyancer conducts searches to verify the title is clean, checks for any outstanding rates or levies, and confirms zoning
  • 6.Settlement preparation - your conveyancer prepares the transfer documents, calculates adjustments (rates, water, strata levies), and coordinates with the lender
  • 7.Settlement day - the lender releases the funds, the seller's mortgage is discharged, the title transfers to you, and you get the keys
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Typical conveyancing fees

In South Australia, conveyancing fees for a standard residential purchase typically range from $800 to $2,000 plus disbursements. Disbursements are the third-party costs your conveyancer pays on your behalf - title searches, registration fees, certificate copies - and usually add another $300 to $600.

Some conveyancers charge a fixed fee, others charge based on the property price. It is worth getting a quote that includes disbursements so you know the total cost upfront. This is a small expense relative to the property price, and trying to save a few hundred dollars by going with the cheapest option is usually not worth the risk.

Electronic settlement (PEXA)

Most settlements in South Australia now happen electronically through PEXA (Property Exchange Australia). Instead of all parties physically meeting at the Land Titles Office, the documents are signed digitally and funds are transferred electronically. This makes settlement faster and more reliable - fewer things can go wrong when everything is digital.

From your perspective, settlement day means your conveyancer confirms the transfer has been completed, and your agent arranges key collection. You do not need to be present for the settlement itself.

How your broker and conveyancer work together

Your broker handles the finance side (loan approval, lender liaison, loan documents) and your conveyancer handles the legal side (contract, title, settlement). The two work in parallel and communicate throughout the process to ensure everything is ready on time.

At Lendology, we coordinate closely with your conveyancer from the moment your offer is accepted. We provide them with the lender's requirements and timing, and they keep us informed of any issues with the contract or title. This teamwork is what keeps settlements running smoothly.

Lendology's approach: We guide you through the entire process from offer to settlement, coordinating with your conveyancer along the way. If you do not have a conveyancer yet, we can recommend one. Book a free chat to get started.

Frequently asked questions

Do I need a conveyancer?

Technically you could handle the legal process yourself, but it is strongly recommended to use a licensed conveyancer or solicitor. The cost is relatively small compared to the property price, and they protect your interests throughout the transaction. They check the title, identify any issues with the property, ensure the contract is fair, and manage the settlement process. In South Australia, most buyers use a conveyancer rather than a solicitor because the fees are typically lower for standard residential transactions.

How long does settlement take in SA?

In South Australia, settlement typically takes 30 to 60 days from the date the contract goes unconditional. The exact timeline is negotiated between buyer and seller and written into the contract. Some settlements can be as quick as 14 days (common for cash purchases or auction wins) or as long as 90 days if one party needs more time. Your conveyancer and broker will coordinate to make sure finance is ready before settlement day.

What is a Form 1?

The Form 1 is a vendor disclosure statement required under South Australian law. The seller must provide it to the buyer before or at the time of entering the contract. It contains key information about the property - title details, council and water rates, any encumbrances or easements, zoning, and other material facts. Once the buyer receives the Form 1, they have 2 clear business days to cool off (cancel the contract without penalty). If no Form 1 is provided, the cooling-off period does not start.

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