There are various ways in which you can buy a property that you are interested in or sell a property that is in your name. The processes that you need to go through in order to complete the transaction are many and can be quite complex depending the on the property you need to transfer. You can opt to manage the transaction on your own or you can hire property conveyancing services.
It is possible to successfully go through the transaction on your own but it may take a long time and it can be exhausting. Using a property lawyer to handle the conveyancing is a better option. You will be relieved of the stress of the process and you will be assured that the transaction is properly done.
Why You Should Hire A Property Lawyer
Buying a property involves a large amount of money and you want to be protected in case anything goes wrong. A property lawyer is well informed about property laws and will provide you with the relevant legal advice to ensure that your rights are upheld during the transaction. A property lawyer is well versed in all aspects of the sale and purchase of property and will therefore guide you during every stage of the transaction. If you need to change your will after a sale or you need to be advised on taxation issues, your lawyer will provide you with all relevant information.
Inspecting A Property Before Making A Purchase
You will need to inspect the property before signing the contract to ensure that it is in good condition. Your lawyer will be of help when you are inspecting the property so that he can establish what is included in the sale and what is not included. He will also find out what has been identified as fixtures in the property and what has been identified as fittings. You will need to inspect the wiring and the plumbing to ensure that it is properly done. Your lawyer will find out from the seller whether you will be allowed to inspect the property again before you go ahead with the settlement.
The Importance Of Searches
Whether you are buying or selling a property, it is important to conduct relevant searches on the title of the property. If you are purchasing a property, your lawyer will find out whether there are outstanding rates on the property. He also needs to check whether there is a mortgage that is on the property. He may conduct a water and drainage search as well as an environmental search.
Searches with other government departments can give information on whether a portion of the land is to be used by the council and other details. If you are selling the property, a search will be important since you need to make certain disclosures on your vendor statement and the information from the search will therefore be needed.
Making a settlement
The date of settlement is normally indicated on the contract of sale. The property lawyer at Able Defence Lawyers will ensure that the keys are handed over to you if you are the buyer. If you are the seller, he will instruct the property agent to provide the buyer with the keys once the settlement has been finalized.