Thoughts on Doing Your own Conveyancing
Property conveyancing is a process which is often misunderstood by many people buying or selling a property, and which for many seems like an unnecessary added expense, at a time when money seems to be flying out the door pretty quickly already. It is something that a private individual is quite within their rights to do themselves, which can save money, but generally is inadvisable. Generally speaking, if a mortgage is involved with the property, the lender is highly likely to insist that a professional service is used, to ensure beyond all doubt that it has indeed been done comprehensively and correctly. Buying a property is for most, the most expensive purchase they ever make, so it is definitely a good idea to make sure that there are no mistakes made, and that you come away with a genuine and clean title.
Different States Different Rules
While moving interstate can mean that you are dealing with a different set of systems, the same can also remain true in your own state, simply within different regions, so having the right level of local knowledge is of critical importance. A good conveyancer will work with your best interests in mind, so that you do not inherit any debts from the previous owner and identify every discount, grant and entitlement you may be eligible for, to keep stamp duty as low as possible.
Thinking that conveyancing is a fairly simple, if lengthy process would be a serious mistake, as the reality is that it can in some cases be so specialised that even some lawyers may not have the necessary experience to be able to deal with some of the problems that can crop up. The problem with trying to do it yourself is that if you reach such a problem that even a lawyer is confused by, you are going to be left with a serious and potentially highly expensive issue. There are an amazing amount of different variables which can affect the process, and the scope for added costs when things go wrong should not be underestimated or overlooked.
Regardless of if you are using a local lawyer, or a nationwide network like Jims Conveyancing, the amount of work that has gone on behind the scenes to bring you to the moment when you can finally reach settlement is quite staggering. Your agent should have been providing you with full details throughout the process of how things are progressing and been proactive in ensuring that any and all documentation is received by you, and where necessary promptly signed and returned, to keep things moving smoothly. Being harassed to get things returned promptly, is actually a good sign, as it means your conveyancer is on the ball.
Every Property Regardless of Size
It really doesn’t matter if you are buying a small or large vacant plot of land, a flat, house or commercial property, you absolutely have to do things perfectly, to avoid potential problems lining up in the future. After all, that plot of land for your dream house is going to be worthless, if there are provisions in the title, which will prevent you from doing so. Professional conveyancing is so important that rather than being seen as an unnecessary extra expense, it should really be viewed as an unavoidable cost associated with moving house.