How long does it take a conveyancer to review a contract?

Purchasing property in Melbourne is an exciting yet complex process, and one of the most critical steps is the contract review. This is where a conveyancer comes in, meticulously examining the contract to ensure everything is in order. But how long does this process typically take? In this post, we’ll explore the ins and outs of contract reviews, providing you with valuable insights to navigate Melbourne’s property market with confidence.

Typical Timeframes for Contract Reviews

For most Melbourne conveyancers, a standard contract review takes 1-3 business days. This gives them enough time to carefully check key details, such as:

• Property title information
• Special conditions in the contract
• Payment terms
• Zoning restrictions
• Compliance with Victorian laws

However, if you’re in a rush—say, preparing for an auction—some conveyancers offer faster options:

• Priority reviews within 24 hours
• Same day assessments if submitted early (e.g., before 10 am)
• Weekend reviews in special cases

These expedited services ensure you don’t miss out on a property due to timing.

What Affects the Review Duration?

Not all contract reviews are the same—several factors can influence how long the process takes.

1. Contract Complexity

Simple residential contracts are quicker to review, but more complicated ones take longer. Examples include:

• Mixed use properties (e.g., residential and commercial spaces)
• Strata titles (like apartments with shared ownership rules)
• Heritage listed homes
• Contracts with extras (e.g., including business equipment)

For these, expect reviews to stretch to 5-7 business days.

2. Section 32 Accuracy

In Victoria, the vendor provides a Section 32 statement, which includes critical property details. Conveyancers need to verify:

• Certificates (valid for only 90 days)
• Planning overlays or zoning updates
• Any changes since the document was prepared

This cross-checking can add 1-2 extra days to the process.

3. Conveyancer Workload

Melbourne’s property market can get busy, especially in spring and summer. During these peak times:

• High demand might slow things down
• Tight settlement deadlines can shift priorities
• Smaller firms may have limited staff

Planning ahead can help avoid delays caused by a conveyancer’s schedule.

What Do Conveyancers Look For?

A thorough review covers several key areas to protect you as a buyer.

Property Details

• Do the title boundaries match the physical property?
• Are there recent renovations with proper permits?
• Any hidden issues like easements or covenants?

Financial Protections

• When can the deposit be released?
• Are there safeguards like sunset clauses?
• How are rates or body corporate fees adjusted?

Potential Risks

• Are there unfair cancellation terms?
• Is the cooling off period standard?
• Has the vendor disclosed everything required?

This detailed check ensures you’re not caught off guard later.

How to Speed Up Your Review

Want to keep things moving? Here are some tips:

For Buyers

• Ask for the contract early during negotiations
• Pick a local expert who knows Victorian property laws
• Check Section 32 dates before handing it over

For Urgent Needs

• Book a review slot in advance
• Submit all documents at once
• Choose a priority service if offered

Taking these steps can save precious time.

Why Timely Reviews Are Essential

Skipping or rushing a review can lead to costly mistakes. Real Melbourne examples show the stakes:

• A buyer in Footscray lost $25,000 due to missed planning restrictions
• An easement in Brunswick caused a 6-month delay
• An expired Section 32 in South Yarra cancelled a deal entirely

On average, conveyancers spot 3-5 significant issues per Melbourne property contract. Getting it right early saves headaches later.

Melbourne-Focused Help from Pearson Chambers

At Pearson Chambers Conveyancing, we make the process simple and fast without cutting corners. Our services include:

• Free initial reviews within 48 hours
• Experts in Victorian property rules
• Clear, jargon-free advice

We specialise in Melbourne specific details, like local zoning, council rules, and stamp duty calculations. Our senior conveyancer notes:

"Time sensitive doesn’t mean risky. We’re structured to meet deadlines while keeping your interests safe."

Ready to Move Forward?

Whether you’re eyeing a flat in Southbank or a house in Preston, a solid contract review is your safety net. Pearson Chambers Conveyancing offers:

• Free Contract Review: Send us your Section 32 and contract for a no cost check within 2 business days
• Same Day Priority: Submit by 10 am, reviewed by 5 pm

Get in Touch Today

Phone: 03 9969 2405

Email: contact@pearsonchambers.com.au