When you decide to buy or sell a property, the conveyancing process will impact the success of your transaction. Allow Thexton Lawyers to help you succeed
No area of Australian law is as complex (or changes as often) as the laws governing the purchase and sale of property. Even for the seasoned property buyer and seller, the process can be confusing. Legislation is constantly changing, and property laws differ fromstate to state. Consulting a conveyancing lawyer is essential, getting a general understanding of what the conveyancing process involves when you buy or sell a property is equally important.
In most cases, you’ll go through three stages when buying a property. First, you mustfind and select a property that meets your requirements. Secondly, you’ll need to negotiate a price and check out the full conditions of the property. The final stage is when you complete the purchase and it becomes registered in your name. For most people a mortgage will be necessary, which means that the financer will hold the ownership papers until the mortgage is paid off.
The actual conveyancing process should be to simply change the name on the property title certificate from that of the seller to the buyer,but of course it’s more complex than that. Before anything is finalised you’ll want to make sure you’re getting the property in a condition that you’ve agreed to. You’ll also want to know if there are any rates, levies or taxes outstanding. Many people claim that the conveyancing process can be done by anyone and you can find several websites selling DIY kits online. While these kits might be perfectly legal and above board, they require time and effort you probably don’t have to spare. With property ownership so close to becoming a reality, why not just get a professional to take over the conveyancing process for you?
Not only is hiring a conveyancing lawyer quicker, but it also makes sure you are covered completely, so that you don’t end up with any unpleasant surprises after you’ve taken ownership. This is especially important if you’re taking on a property that requires some work, and that you plan on renovating.
Thexton Lawyers offers conveyancing services as part of its core legal service offering, so if you require assistance with this aspect of property transfer, get in touch with us today and take ownership sooner rather than later.