When Should I Approach a Conveyancer?

When Should I Approach a Conveyancer?

Whether you’re a buying or selling a property, it’s important to have an efficient and effective conveyancer or lawyer to help you throughout the process. A professional property lawyer provides assistance with the settlement and title transfer; ensures their client is meeting all legal obligations; and makes sure their rights are protected. It is helpful to know when to engage a conveyancer when buying and selling your property.

Selling a Property

If you’re selling your property, it’s best to contact a property lawyer to handle your conveyancing as soon as possible. This is because you need the Vendor’s Statement and Contract of Sale, which needs to be prepared by a conveyancer or solicitor before you can accept any offers on your property. This task requires a bit of time and preparation, so it’s best to speak to an experienced conveyancing lawyer first to get this started.

A conveyancer can also help you choose a settlement date and arrange the discharge of your mortgage. If you’re planning on an early settlement, you’ll need to keep bank time frames in mind. A property lawyer can help you work out how long it will take for settlement.

Buying a Property

If you’re buying property, it’s important to choose a conveyancer BEFORE you sign a contract. Most people do not have a deep understanding of Contracts of Sale and Section 32 Statements (and why would you?), but once you have signed a contract you may not be able to get out of it. This is especially important if you intend to buy a property at an auction as it is unconditional. We can look over your contract and the Vendor’s Statement ahead of time and find any points you may have missed.

We also go through the Vendors Statement to make sure the property details are fully disclosed. A lot of detail is contained in the Section 32 (vendors statement) and it can help you decide how much the property is worth.

We can give you questions to ask and alert you to common pitfalls to look out. For example issues around the condition of the property and how to protect yourself later at settlement.

A conveyancer can also ensure you have time to negotiate special conditions so that your agreement with the Vendor is fully covered in writing, preventing problems from arising later on.

Once purchasers have established a relationship with a lawyer or conveyancer you can also ask them for their input and knowledge during the negotiation stage. Sometimes having a sounding board and someone in your corner can help you to make the best decisions when buying your house or investment.

Vendors may often verbally agree to things and later change their mind and you are left with no recourse.

Our team are experienced professionals with extensive experience in conveyancing, property and litigation matters. Our service is professional. We strive to provide the highest levels of customer service for all of our clients.

When you need a conveyancer or solicitor to handle your next property purchase or sale, speak to the professionals at PCL Lawyers today. Call us on 1300 900 440 or complete on online enquiry form to discuss how we assist you..

Please note: the above article is not legal advice. Every circumstance is different. It is critical that you obtain legal advice in relation to your personal circumstances before taking any action.

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