Property conveyance is simply a process of transferring the property ownership from a seller to buyer legally. This process is not as simple as it sounds. Selling and buying a home is a cumbersome time consuming process involving a hiring a conveyancer to handling legal matters followed by mortgages till receiving keys of the new home.
With loads of aspiration and hopes, one buys a home. While buying, you often hire contractors thinking that he will be the one who will go through all the legalities pertaining to property conveyancing on your plot or home, so that you don’t end up landing in any sort of unnecessary conflicts. However, not everyone is so lucky in this matter. Home owners often carry the risk of encountering legal hassles if the contractor is not expert enough.
Duty of the Contractor
It is the duty of the contractor to ensure that the title of the land is free from any legal issues. He should be fully aware of the state and country laws and byelaws. There is every possibility that a piece of land has multiple owners. So, it is his job to find out if the documents are right, taxes are paid on time, no environmental hazards around etc. Point Cook conveyancing makes it possible for a homeowner to lead a hassle free transaction.
Hire a knowledgeable contractor
Both buyers and sellers of property appoint conveyancers and settlement agents. Some buyers and sellers who have tight pockets try on their own with the help of DIY Kits accessible in the property market. However it is recommended to initiate only if you have complete knowledge of soliciting process, like drafting the sales contract, arranging legal documents and apply title searches etc.
Conveyancer is the middleman between a seller and buyer of the property. He helps you reach the settlement stage of the property transfer procedure. They are licensed law specialists who scrutinize all the legal facts and accurate figures and give the judgement to the buyer. Also, it is important for the buyer and seller of the property not to choose any real estate agent suggested conveyancer. They are the ones working with the estate agents on commission basis. Officially they might work for you, however offline they work for the buyers’ agents and look for their own lucrative benefits.
Property conveyance is a daunting task if you are not familiar with the piles of legal jargons and complicated paper work especially at times of resolving disputes. Though the job is difficult, people need to follow all the legal procedures for purchasing or selling a property. Being vigilant and tactful about choosing the right agent or conveyancer can help you from any legal trouble in the latter stage.