If you are ready to purchase a piece of property, then there is a good chance you know that the process can be a bit confusing and complex. While there are some people who will attempt to handle all the paperwork and processes on their own, they will likely learn rather quickly that conveyancing is a better option. There are a number of mistakes you should try to avoid, and a conveyancer can help to ensure you accomplish this.
Inspections
In a number of situations, if you are extremely eager to purchase a certain piece of property, you may not give enough time for all the necessary inspections. However, this action can lead to a number of issues and delays. When a property conveyancer is hired, they will be able to make sure that everything is on track and won't let the important, but often small, details to fall through.
Acting Before Acquiring the Unconditional Contract
Even when the inspections are completed on a piece of property, they may not have been done before the contract was made unconditional. If this happens, and there are any problems found, it will be up to the buyer to take care of the problems rather than the seller. When a conveyancer is hired, they can ensure the inspections occur before this point in the process.
Purchasing Insurance Late
There are some situations when a piece of property you purchase will become your responsibility directly after you have signed the contract and other paperwork, rather than during the settlement. There is a short amount of time in most situations, between when you sign the contract and when it is settled. If insurance is not purchased, then you may find you are facing a number of serious issues.
The Sellers Responsibility for Property Cleaning
When a property conveyancer is hired, they can ensure that there is a clause in the contract that states the property has to be in acceptable and good condition, at the seller's expense, before you take it over. This is not part of a traditional contract, which means if you do not have the foresight to add it, you could have a huge mess on your hands when you actually acquire ownership of the property you have purchased.
When you hire a conveyancer, you will find that the property buying process is much easier and that you do not encounter near as many issues or problems as you would handling it on your own.
Share13 January 2016
My dad died when I was still pretty young so it's been a big surprise all the stuff I've had to do to sort out his estate. I'm an only child and my folks divorced when I was a baby so most of the work fell to me. He was kind of disorganised and grumpy, but at least he'd spoken to his lawyer and got a proper will drawn up which saved on confusion at a tricky time. If you are a young person dealing with the estate of a deceased parent, this blog is designed to help you navigate the legal processes.