Buying a house or property is a huge investment, and to ensure that your hard-earned money will not go to waste, one important step is to conduct all the necessary conveyancing searches. If you hire a property conveyancer, he/she will be able to ensure that all searches will be done.
Why are conveyancing searches important?
These are carried out to confirm that the seller is the owner of the property that you want, and that he/she has the right to sell it.
Why are conveyancing searches important? These are carried out to confirm that the seller is the owner of the property that you want, and that he/she has the right to sell it. With these searches, you can be sure that you will get the proper title to your house or property.
Here are the common conveyancing searches when buying a house:
Building and Pest Inspections
It is advisable to seek the help of an expert to handle the building and pest inspection of the house that you intend to buy. If there are significant defects or problems, you can use these to renegotiate the price with the seller.
This is usually attached to the contract. If not, the seller should provide the survey report or make the contract conditional until the report becomes available. If this is not the case, you can ask a surveyor to survey the property. This is also called an identification survey. This is an important conveyancing search since the report will let you know, as a buyer, if there are any encroachments on the property.
Inspection of Records
This is usually done during the selling period, before the settlement process. This conveyancing search can include the current rates position, flooding reports, road acquisitions and study areas, and the locality map. It can likewise include details on sewerage network and storm water network. This search also provides information on property notices and defects, resident parking permit, and environmental health licences.
Search of the Council’s Records
Another conveyancing search before the exchange of contracts is checking the Council’s register and records to know if there are outstanding conditions of consent associated with the property. You never know, the property may have unfulfilled conditions or any development applications with neighbouring properties or ongoing issues that can be a total game-changer.
It is better to hire a property conveyancer to make sure that all the necessary conveyancing searches will be carried out. You can also do your research and ask other people who have experience with conveyancing searches to be done when buying a house.
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