What is conveyancing you ask?
“Conveyancing” is the term used when you purchase, sell or transfer real estate from one person or company to another.
Can I do the conveyance myself?
Most people would prefer to engage a professional to do the conveyance because of the serious issues that can arise if you get it wrong. Mistakes are very costly and who wants to be sued, we are sure you would rather have a stress free life instead of exposing yourself to potential legal problems and law suits.
We like to use the analogy, if you were buying a motor vehicle, would you have a mechanical check? Sure you would! Who would spend money on a car and not know if the engine or brakes work. Is there a Roadworthy Certificate?
Investigations on the property you are buying provide valuable information about the property. The value of the property you are buying is probably far more than you would pay for a motor vehicle and possibly one of the most expensive and important purchases you would make in your lifetime.
Why leave it to chance, to find out later that the house does not have council approval, or worse, has been condemned or the swimming pool does not comply with Council requirements and you will have to spend thousands of dollars on rectification work to obtain a Swimming Pool Compliance Certificate.
We offer you a great and convenient conveyancing service, so why would you want to do the conveyance yourself? You could save money by doing it yourself, but then have it cost you tens of thousands of dollars if everything is not right on the property.
Do-it-yourself conveyancing can cost you a fortune if you get it wrong. Let us professionals help you and take away the stress, so you can enjoy the experience and put your energies into packing and moving.
When is the Contract binding?
In contracts typically as soon as both parties have signed the contract, the contract becomes binding on all parties. It is so important to obtain legal advice BEFORE you sign a contract so any special conditions regarding finance, pest and building inspections, building Council approvals, flood, swimming pools etc can be included in the contract for you. Once all parties have signed the contract then it is usually too late to include further conditions in the contract.
In Australia the seller usually carries out all the searches and presents a prospective buyer with all the search results. If the buyer is happy, they then put in an offer and an exchange of contracts then occurs.
So be Warned! We can’t stress the importance of knowing your rights before you sign a contract to purchase or sell real estate in Australia. Contact us now and we can help you.