Top Reasons to Hire a Conveyancer When Purchasing Property.

One of the most critical personnel when buying a house is a conveyancer. Once you hire the professional, he or she takes up the legal process of purchasing the property. Although you are not compelled to hire a conveyancer, it is the best of protecting your interests and avoiding future liability from the purchase. Below are a few benefits of hiring a conveyancer. 

Due Diligence

Your conveyancer will search the property to verify that it is registered under the seller's name. Further, he or she will check if there have been any disputes regarding the property. Besides, the conveyancer will make sure that the property does not have outstanding debt, such as unpaid electricity bills and land rates. 

Land Use

The lawyer will evaluate zoning regulations and inform you what developments are restricted in the area. He or she will also advise if it is possible to change the current land use. For example, you may want to change residential development to commercial or mixed-use. He or she will also provide you with a copy of owners corporation and resident association bylaws.  

Building Inspection

Are you getting value for your money? The conveyancer will ask for a building inspection report to ascertain the condition of the building. The report will give a clear picture of the various amenities and installations on the property. You could use the inspection report to ask for a discount, or you could ask the seller to make repairs before you move into the house. If the house is in a deplorable state, you may opt to do away with the purchase. 

Contracts

The conveyancer will evaluate the contract of sale to ensure that you are not exposed to future liabilities. For example, when purchasing property off-plan, some developers will include a clause indicating that they have the right to change development plans due to unforeseen circumstances. In such a way, you lack grounds to seek legal recourse if the developer stalls the project. An experienced conveyancer will easily spot such tricks. 

Finance

If you do not work in the banking industry, you may have little information on home loans. Your conveyancer will advise on the various loans, their interest rates, and the repayment terms. Further, he or she will negotiate interest rates on your behalf. Once you are sure that you will purchase a property, the conveyancer will ask the bank to make payments to the seller.

A conveyancer will make the property purchase process easy for you. Work with a reputable and experienced conveyancer who is licenced to work in your state. 


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