If you have the proper knowledge and the right checklist, then buying a property is not that complicated. Choosing conveyancing lawyers to take care of the legal things is not enough.
It is necessary to take an active part in the entire process and be across all the areas of the buying process. Our property lawyers in Brisbane will help you avoid potential legal pitfalls that might occur when you are buying a property.
Conveyancing lawyers will act on your behalf to ensure all the legalities are taken care of to legally transfer the property to your name.
If you are planning to obtain financial help for our purchase, then your solicitor will work together with the bank to ensure that the settlement can go ahead as planned.
List of things you need to consider before choosing property conveyancing lawyers:
- Documentation
-
- Are there any extra or hidden costs?
- What if you change your mind?
- What will happen if your main contact changes?
- When will you have to pay the bill and settle your account?
- What are the costs for land and property searches?
Before you sign any contract, read the document carefully and ask for clarifications if you have any questions. Your conveyancing lawyer will be used to the legal terminologies and contracts and will be more than happy to explain complicated terminologies to you.
You can cut down on any last-minute surprises if you take time to properly read through the contract and address any queries that might arise.
Some questions that you should ask your lawyer:
- Credibility
It can be overwhelming to decide on whom to choose as your solicitor if you are a first-time owner who is planning to buy a house.
When you are picking a solicitor, make sure that they are associated with The Australian Institute of Conveyancers. You can check their reviews online to get a brief idea about their credibility.
- Responsibilities
You will have to provide a lot of documents to your solicitor at certain times to ensure the smooth running of the entire process. If you know what to provide, then it will be easier to keep everything ready and provide at the right time.
Always ask about the deadline for each document so that you will know how much time you will need.
- Moving Deadline
Communicate with your solicitor if you have planned a specific moving date that’s non-negotiable. This will help them consider the timeline and plan the entire process.
It is good to be on the same page with your conveyancer as there can be last-minute delays with financial institutions or banks.
- Mortgage Deed
If you’ve obtained financial help from the bank for your new home, you will have a mortgage deed that will give your lender the interest in the property.
While your lawyers will help you understand how the entire process works, it is recommended to talk to the bank officials to get clear answers to all your questions. This will also help in the smooth working of both sides.
- Seller Agreement
Your solicitor will know about all the standard agreements that you have made with your seller. But if you have any special negotiations for the buying process, then you will have to keep your solicitor informed about the same.
These negotiations could be related to pest inspections, legal costs, fittings, and fixtures. Informing your conveyancer about it will help them check all the legalities and ensure that the deal is in your best interest.
- Contracts
In the final stage, after you’ve done the inspections and received your mortgage, you will be presented with the contract. You will be able to decide the date where the property will legally become yours and the date you move in. You will lose your deposit amount if you change your mind after the exchange of the contract. At this point, it is recommended to update your building insurance as well as your life insurance.
Why Choose Us
Selling or buying a property is a huge legal, financial, and emotional commitment. It is important to seek advice from an expert property lawyer to ensure a smooth and hassle-free buying or selling process.
Here are a few reasons you should choose our property conveyancing solicitors in Brisbane.
- We restore your peace of mind by reviewing all the sale contracts.
- We help you effectively manage time limits.
- We perform title searches on your behalf.
- We provide complete assistance to first home buyers.
- We thoroughly prepare you for the settlement process.
- We assist you until the completion of the settlement process.
- We ensure a smooth transfer of the ownership proceeds.
- We liaise with the corporate body.
Call us on 0415 835 733 or write to us at fitlawyers.au@gmail.com if you’ve found the perfect home and you are keen to finalise the purchase. We will help you confidently move towards the settlement process.