Let’s start off with what actually a conveyancer is. A conveyancer is a lawyer whose job is to handle the legal documentation involved in the process of transferring the legal title of a real-estate property from one person to another.
Real estate transactions, as obvious, are sensitive and important. It is a common belief that hiring a conveyancer is expensive but real estate transactions are very sensitive financially, and go a lot deeper than what is obvious on the surface level.
Whenever you want to sell a property, it is a common practice to hire a Conveyancer at the end for drafting the legal documentation. But that is a myth, for most of the part. Hiring a Conveyancer early on in the selling process can benefit you in lot of ways that pays off.
Conveyancers can help you draft a Vendor’s Statement, and in various cases even help come up with a Contract of Sale. If you want to sell a property, it is not possible to do so without the Vendor’s Statement, which is always done by a Conveyancer. Hiring one earlier in the process gives them enough time so they can draft it properly.
In other cases, conveyancers are also very helpful in deciding the most appropriate Settlement Date, keeping in mind variables that can affect it. For example, a mortgage needs to be discharged before the property is up for sale. Or, if the property is being sold under specific circumstances, more permissions and legal documents than usual might need to be drafted before the land can be offered. So planning for an early settlement date has external variables affecting the process which might take some time.
When buying a property, it is one of the wisest decisions to have a good Conveyancer go over Legal Documents like the Vendor’s Statement, Contract of Sale and other documents like Grant of Probate, in particular cases.
Hire a Conveyancer ahead of time to have them go over the legal documents carefully. They can help you point out any points of interest that you initially might have missed. For example, many properties have planning restrictions or building restrictions because of reasons that can’t be ignored. The land might have some historical importance so construction on some parts might not be allowed. Or there might be a plan for a highway to be constructed in front of your driveway.
Basically, a Conveyancer will go over the details that can help you prevent from signing a Contract which goes against your interests in the long run.
There are many more advantages of hiring a Conveyancer when buying or selling a property. They will ensure that you are making a deal which aligns with your demands, and allows you ample time for drafting conditions of the sale or purchase.
If you are ready to proceed forward and pick the best Conveyancer in Sydney, call Conveyancing Sydney at (02) 8084 2764 and talk to our legal representatives.