Howdy! I'm Dan Smith and I live with my wonderful family in Perth. This is my legal blog which aims to look at every part of the legal system. I should point out that i'm not a lawyer myself. However, my good friend Stan has been representing people in court for many years. I find Stan's work fascinating and I love asking him questions. I have even done a bit of my own research into the legal system. I decided to pull everything together here so I could organise my thoughts while also providing useful info for others. Thanks for checking out my blog!
Buying a home is one of the biggest dreams that you can accomplish in your lifetime. Most people know where they want their home located, the essential amenities they need and other preferences. However, very few understand the financial and legal processes they have to follow when buying a home. A crucial professional whose expertise you can enlist when buying a home is a conveyancer. Here are the four top reasons to hire a competent property conveyancing lawyer.
1. They Handle the Legal Aspects
Buying or selling a home is a legally binding process. The contracts bind you legally and could become a source of liabilities in the future if you are not careful about it. In that case, you'll need the guidance of an experienced legal practitioner when signing the contracts.
Furthermore, you need a solicitor to assess the current legal condition of the property. Keep in mind that the property might have liens, restrictions and prohibitions governing what you can do with it. Only a competent property conveyancing lawyer can assess all these restrictions and determine whether it is wise to invest in the property or not.
2. They Perform the Searches
Getting the perfect home is not easy. You have to check all local and national listings. Sometimes, you have to visit some of the listings to ensure they are viable. All this work can take months, especially when you have a regular job. Instead of going through the struggle, consider hiring a lawyer. You can give them the parameters of your search and let them handle the bulk of the work.
Moreover, the conveyancer will use their expertise to unearth issues in the property and determine whether the home is habitable. In addition, they will check the past property owners and the property itself and ensure it doesn't have any severe weaknesses. In this role, the conveyancing lawyer works hand in hand with a property surveyor and inspector.
3. They Help Organise the Finances
Money is a crucial aspect of the property transfer process. Most people rely on a mortgage to finance the property purchase. However, if you pick a random mortgage product and it turns out to be problematic, you might incur huge losses. A conveyancer will help you select a suitable home financing option.
4. They Deal With Estate Agents
The conveyancing lawyer will also set you up with a real estate agent if you are selling your home. The agent will look for buyers and stage the home. Working with a qualified realtor increases your chances of selling the home quickly and at a favourable price.
Engaging a property conveyancing lawyer is undoubtedly an invaluable idea. So, make sure that you hire a conveyancing professional to help you through the process of buying or selling your property. They will ensure a smooth transition and successful property exchange.Share
21 July 2021