Buying or selling a property can be pretty exciting, but it is not as simple as you hope it might be. The procedure can be complicated, from finding the right property on your budget to processing all the documents needed.
For your transaction to be successful, you need to understand all of the details involved—even at just a basic level. Buying and selling property in Australia can complicate the process as property laws may vary from state to state. It can be discouraging for first-time home buyers, second-time or even third-time buyers to purchase a property, especially since the terminologies and ever-changing process may be hard to navigate.
Hiring a property conveyancer can make the process smoother for both sellers and buyers. These licensed professionals have a thorough understanding of everything you need to know about the real estate selling and buying process. In fact, if you live in Queensland and Western Australia, their presence is required before you proceed with a transaction.
How Hiring a Conveyancer Can Help You
If you are curious about how a conveyancer can help you, here are some of their functions in the process:
1: They Prepare the Important Documents on Your Behalf
Every real estate transaction requires legal documents, and that requirement varies per state. For a person who is either too busy or unfamiliar with the papers they need to prepare, this can be a daunting task. A conveyancer can do this job for you.
They can take care of your title deeds, copy of the lease, property information form, and also conduct extensive searches—to name a few. With their help, you can also see any encumbrances in the property you plan to purchase. Unless you can do these things yourself, hiring a knowledgeable person to do it can be a more efficient choice.
2: They Provide the Necessary Guidance Especially for First-Time Buyers
All transactions come with a contract, whether you plan to sell or buy a property. You need to sign one before proceeding with the process. However, even if you read through the contract and try to understand its conditions, you might encounter specific clauses that use simple and straightforward language but imply a different meaning.
A common example of that would be the clause “subject to finance.” This simple phrase can have a different interpretation depending on how the word ‘finance’ was defined in the contract. Having someone familiar with real estate and financing language can ensure that you understand everything you need to know about the document you are to sign. They can help you avoid any ludicrous clauses found in your contract.
3: They Take Care of the Property Transfer
The property would only be yours officially once all documents are legally transferred to your name. The conveyancer can take care of this on your behalf. They would ensure that all the documents meet the state’s legal requirements and that no important documents are left behind.
4: Represent You During Settlement
Part of the conveyancer’s job is to coordinate and request a settlement meeting to hand over the official documents and cheques to your home seller or buyer. In return, your conveyancer would receive the keys to your new property, the money, and the papers for the property you sold.
The settlement is the final step before fully owning or handing over the property, and the conveyancer has the power to handle it for you. Moreover, they can also ensure that the transaction is clean, and you can start your life anew with peace of mind.
The conveyancer relieves any property seller and buyer from all the stress related to property buying. Once you finalise a property you want to buy or a buyer you want to entertain, you can leave the rest of the tasks to your conveyancer. They would also ensure that you are in the loop and updated on the progress.
Are you in need of a conveyancing service in Ipswich? Springfield Legals can take care of your property selling or buying in Ipswich, Brisbane, and Springfield. We have been the expert legal services provider in the Springfield and wider Ipswich region since 1999. Call us at (07) 3288 3511 if you want to learn more about how we can help you.