Reaching Out: How The Right Legal Avenues Can Help

Reaching Out: How The Right Legal Avenues Can Help

Residential Conveyancing Tips: 5 Compelling Reasons to Hire a Conveyancer

by Jessica Spencer

Do you intend to purchase residential property? A residential conveyancing company can examine the property to ensure you get value for your money. Below are five compelling reasons to hire a conveyancer as you purchase your home. 

1. Follow Local Laws

You need to understand the laws of the area you intend to purchase the property. For example, when buying into a strata development, you may be restricted from playing loud music at night. Resident associations may impose an annual charge to maintain shared roads, drainage and recreational areas. When buying a retirement home, you would be interested to know whether you are allowed to sell the property privately. Zoning regulations may restrict certain developments. For example, they may prohibit storey buildings with more one upper floor.

2. Get a More Accurate Property Inspection

The conveyancer will examine property features such as the roof, drainage, kitchen, tiles, the landscape and bathrooms. It will help him or her appraise the property and know whether it is overpriced. The conveyancer can also give an approximate figure of how much you will spend on renovating the property. It is especially so if you intend to purchase run-down property.

3. Properly Examine Property Documents

The conveyancer will examine the authenticity of the property documents. For example, there are cases when the property is registered to a third party such as a former spouse, benefactor, trustee or investment company. If this is the case, the conveyancer will ensure that the seller has the right to sell the property. Further, they will check whether the seller has the required supporting documents to transfer the property to your name. The seller should also submit property renovation licences and swimming pool permits. 

4. Handle Negotiations

Your conveyancer will negotiate the asking price on your behalf. They may use a variety of tactics ranging from hard bargaining to delay tactics to bring down the purchase price. They could also use the pre-purchase inspection report to ask for a price cut. For example, a house that is prone to flooding may require substantive repairs. 

5. Negotiate the Contract of Sale

Once you agree to the purchase price, your conveyancer will negotiate the terms of sale. Most people purchase homes through mortgages. As such, the conveyancer will ensure the closing date gives you adequate time to secure financing from your bank. They will also ask the seller to conduct urgent renovations such as roof or electrical repairs. The conveyancer will also ensure the contract protects your earnest money in case you cancel the contract.

Remember to check the qualifications and experience of your conveyancer. Consider professionals that provide online services if you cannot travel due to the current COVID 19 restrictions. 


About Me

Reaching Out: How The Right Legal Avenues Can Help

Hello, all. I am a volunteer worker at an outreach centre which helps people of all ages with financial problems. I have come to realise that many of these people face hardships due to life-changing incidents such as unfair dismissal, a workplace injury or a car accident. Many of them are hard workers who aren’t aware of their legal rights. Last year, our outreach centre brought a lawyer on board to provide legal advice and assistance. I help by scheduling appointments, taking notes and following up on each case. I have learnt an awful lot about our laws and am impressed how knowing the right legal avenues can change people’s lives. I have just started a legal assistant’s course and thought this blog might be a good place to record the knowledge I gain. I hope you find it useful and insightful. Thank you for stepping into my world.