The conveyancing process in Australia is a complicated one, and it can be hard to know what to expect when you're buying or selling a property. There are numerous factors at play, from legal requirements to financial regulations and taxes.
Conveyancing lawyers can help navigate these tricky waters and ensure that everything goes smoothly for both sellers and buyers. Here are four times when you'll need the services of a conveyancing lawyer:
1. When You Are Buying A Property
Buying a property is a big deal, and it can be stressful. From making sure the price is right to getting approval for your loan, there are many things to consider. One of the most important factors is making sure that the title of the property is clear and free from any liens or other issues that may affect its value. A conveyancing lawyer can do this for you by ensuring that all legal requirements are met before the settlement date.
2. When You're Transferring Land Titles
If you own land and want to transfer the title, then you will need the assistance of a conveyancing lawyer to ensure all documents are completed correctly before transferring ownership over to another party or company. Your lawyer will also make sure that all taxes are paid on time so that you avoid any penalties later.
3. If There's Any Legal Dispute Over The Title Or Possession Of The Property
In most cases, buyers will be responsible for paying the sellers' costs if there's any dispute over the title or possession of the property after settlement has occurred. This means that if something goes wrong during conveyancing and there's a dispute between buyer and seller, the buyer could end up having to foot the bill for the seller's legal costs as well as their own. A conveyancing lawyer, however, will be able to help you avoid this situation. They'll be able to guide you through any legal issues that arise during conveyancing so you don't end up having to pay for the seller's costs if something goes wrong.
4. When You're Dealing With Wills
When you're dealing with a will, you'll need to make sure that it's properly executed. This means that all the instructions in it must have been followed correctly and completely. If they aren't, then your will may not be valid, which can cause huge problems for your estate when you die. A conveyancing lawyer will be able to help you make sure that everything is done correctly so that there are no issues when it comes time for probate proceedings.
Chat with a conveyancing lawyer if you find yourself in any of the above situations.Share