subject: 4 Reasons To Use A Conveyancing Service [print this page] There is no doubt that buying a house, either to live in or as an investment, is one of the major events in your life. You spend a lot of time investigating before you make a decision and you have to weigh up a lot of competing priorities like the style of house, how much you are prepared to pay, the suitability of the neighbourhood and the proximity to local facilities. So, after having carried out all of these tasks it makes sense that you should continue in a professional way and use a conveyancing service that will bring your purchase to fruition.
Many people think they can save some money by doing the transfer themselves, and whilst it is possible that you may save a few hundred dollars in the process, it will more than likely take you several days of work making sure everything is above board and going to plan. But the fact is, there can be many pitfalls even for experienced buyers, and the results of a botched transfer can be very expensive indeed.
Let's look at a few reasons why a conveyancing service can give you the peace of mind you need.
Understanding the Contract. A contract of sale is a complex legal document containing hundreds of legal terms that you need to understand. Although, in the majority of cases, it is a basic and straightforward process, there will be times when an intimate knowledge of the implications of the legal terminology will be pivotal to the proper settlement of your property. Inexperienced buyers will be completely unaware of the implications involved and will not discover the problems until it is too late. Professional conveyancing firms will explain everything to you so that you will have no problems whatsoever.
Handling the Process. What if you were to fall ill during the contract period? If you have placed the transfer in the hands of a professional conveyancing service everything will proceed in an orderly fashion and all documentation will be processed within the legal timeframe required.
Changing the Contract. Can you imagine the problems you would experience if the building and inspection report results in you having to renegotiate the price or settlement dates? This is often the case after a building inspection and your conveyancing service will be available to renegotiate prices and settlement dates accordingly.
Searches. Do you know which searches are necessary for your property? A conveyancing service or property lawyer will, so it just makes sense to make sure that your property is free from any encumbrances and that you are actually purchasing the property that you expected, not one that is going to be resumed by the main roads department over the next few years!
In the overall scheme of a property transfer, the costs incurred in employing a solicitor or a conveyancing firm are minimal, usually amounting to only a few hundred dollars in professional fees. The legal consequences that can arise, when a property transfer goes wrong, can be horrendous and extremely expensive, so, using a professional conveyancing service is just like an insurance policy that you cannot afford not to have.
