Everyone likes to get advice before they make a decision. Whether it’s asking a friend what they thought of a restaurant before you make a booking, asking your husband if your bum looks big in that dress before a night out, or what type of car you should buy.
What about buying a property though? In reality this is the most expensive, and most important decision you will make in your life. Isn’t it a good idea to get proper advice from a qualified solicitor about your purchase? We think so, which is why at Dylan & Inns your conveyancing is handled at all times by a qualified solicitor, who personally manages your purchase or sale.
Often there are so many parties involved in the conveyancing process, from the buyer, to the seller, to banks, brokers and real estate agents, and each of these parties are looking at the transaction from a different point of view, driven in part by their own agendas. This is why you need someone on your side, representing only you and looking after your interests.
More often that not, the conveyancing process will go smoothly, but when there’s a tiny bump in the road the whole transaction can fall to pieces and having a solicitor in your corner can ensure that your interests are protected. You’re probably going to be quite emotional throughout the process and this may affect your judgment, while your solicitor will be able to provide you with impartial advice to help you make better decisions and avoid any costly delays.
For example, just imagine if the buyer or seller tries to back out of the deal on short notice, or the bank hasn’t been appropriately notified of the discharge of your mortgage, or a sneaky “special condition” has been inserted into the contract of sale, or something goes wrong after settlement has occurred.
Engaging a solicitor to help manage the conveyancing process will save you time, money and stress in this instances – leaving you to focus on the outcome whilst they negotiate an appropriate resolution and protect your interests.
Some other examples of why you should engage a solicitor to manage your conveyancing include:
In reality, legal fees are a drop in the bucket compared with the purchase price of the property and minimal when considering the value that comes with mitigating potential risk;
You can’t always entirely trust the other parties, they have their own agenda and goals in mind sometimes;
If you are buying or selling the house with a family member, non-family member or as an investment, there are ownership issues and tax implications to consider and your solicitor can provide advice on these.
When you are buying a property that is in probate there can be unforeseen complications to manage.
To help navigate and explain through the maze of “what and how” you are purchasing. For instance, is the property torrens title, strata title, company title, or community title? Are you purchasing as a company, an individual, joint tenants, or tenants in common? The requirements of the transaction will differ for each circumstance.
With such a large sum of money on the line, when it comes to conveyancing it’s worth spending those extra few hundred dollars to ensure you have a qualified solicitor managing the transaction for you. There’s no point in just hoping that ‘everything will work out’ just for the sake of saving a tiny bit of money.
Find a conveyancing solicitor who speaks your language, find the ideal property, ask as many questions as you need to make you comfortable, make sure you read and understand everything you are asked to sign (but don’t sign anything until you’ve shown your solicitor!).
At Dylan & Inns each conveyance is handled from start to finish by a dedicated conveyancing solicitor who will take the time to get to know you and the property intimately and provide you with the best advice at all times.