Buying a home is an exciting affair, but it can also be time-consuming, not to mention the many factors that need to be considered before signing the contract. Since it involves many considerations and a lot of money, it is best to seek the services of a qualified individual. For this process, you need a property conveyancer.
What does a conveyancer do?
He/She will manage the transition of property ownership from the seller to the buyer.
What does a conveyancer do? He/She will manage the transition of property ownership from the seller to the buyer. It’s a great responsibility, so it is essential that you know what a property conveyancer can and should do on your behalf. Make a thorough research, and ask the right questions so you will better understand the process and at the same time, ensure that the property conveyancer has the capabilities to handle the entire process.
Here are some questions that you can ask the conveyancer:
1. What are the documents that I need to prepare?
Having a property conveyancer doesn’t mean that you have nothing to do as a buyer or seller. Ask what documents that you need to prepare to keep the ball rolling.
2. How long does the process take?
In general, conveyancing takes about 8-12 weeks. Knowing this will help you set your expectations and see if the conveyancer is capable enough to deliver.
3. What’s in the contract?
We are always told to read the fine print of any legal document but some people just browse through documents and sign to get it over with. If there are terms that you’re not familiar with, the property conveyancer will be there to explain things to you. For instance, when looking at the specifics of the deed of sale, confirm if certain items are indeed part of the sale.
4. How much will the conveyancing service cost?
Know the cost of the service so you can include it in your budget. Make sure to ask this in advance so you will have enough time to prepare for all the expenses.
5. Do you provide assistance even after completing the process?
It is crucial to get support even after the completion of the process, as there may be other matters related to the sale of the home that need to be settled.
6. Is the zoning as advertised?
It goes without saying, but it’s better to be safe than sorry. Ask your property conveyancer to confirm that the zoning limits are as advertised.
7. Is it necessary to have Professional Indemnity Insurance?
Ask your conveyancer if there is a need to get a professional indemnity insurance. This states that when something goes wrong during the process, you are entitled to make claims for damages.
Do you know other questions that we need to ask our property conveyancers? share your ideas on conveyancing in Australia in the comments section.