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Technically, conveyancing is the legal work undertaken when transferring a title of ownership from a person or entity to a new owner. From the pre-contract stage until the post-completion stage, conveyancing transactions definitely require a lot of work. It may sound easy, but the work to be done is so much greater than it sounds.
Whether you're buying or selling a property, one common denominator for both is the hustle and bustle of the process. Having to go through complex paperwork, legalities, and administrative and financial tasks is never an easy job. All of these are part of conveyancing, making it a complicated and stressful procedure.
Therefore, getting yourself a provider like conveyancing Brisbane or one that's near your area is surely a game-changer! They'll take charge of the process from start to finish and help you prepare every single document from top to bottom.
Let this guide walk you through what you need to know as you hire a conveyancing solicitor.
What is a conveyancing solicitor?
A conveyancing solicitor is a qualified legal professional who manages and oversees the legalities during a property transfer. Your solicitor will be in charge of the following tasks:
- Represent you during the title transfer
- Navigate the legal documents needed
- Give you legal pieces of advice with regards to the sale of a property
- Communicate with the solicitor from the other party
- Ensure that the transfer of property is fully settled
Why hire a conveyancing solicitor?
As discussed earlier, your solicitor will be overseeing all the administrative work and the legalities required for your title transfer.
One of the things that some buyers and sellers don't realise is the massive amount of work that a property transfer requires. It's just way too heavy for a non-expert to carry. Yes, doing it yourself can save you a few hundred dollars, but it's not recommendable due to the work demand and the specific attention conveyancing requires. Another thing is that, should something wrong happen during the process, you're at risk of forfeiting 10 percent of the deposit.
All those things considered, hiring a professional that's skilled in this arena is the smartest thing to do. It'll make things easier, faster, and more convenient for you.
When to get a conveyancing solicitor?
Doing the conveyancing process yourself will surely eat up a significant amount of your time. That's why it's advisable to get a licensed conveyancing solicitor before the following even begin:
- Selling or buying a house, land, and building
- Updating your property's title
- Property subdivision
- Amending, registering, or removing an easement
Doing so will save you from the hassle of processing everything and give you more time to focus on other things that require your attention, too.
Tips for choosing the right conveyancing solicitor
It's undeniable that hiring a professional for your conveyancing needs is beneficial. However, instead of making the process more straightforward, it may do the opposite if you don't know the different qualities that separate a good conveyancing solicitor from the not-so-great ones. Keep yourself away from the potential pitfalls by following these tips as you choose a conveyancing service provider to work with.
1 - Gather recommendations
It's of utmost importance that you look around first before finally choosing. One good way to start is by getting your friends' and family's recommendations. Good feedback is vital. You can also ask for recommendations from accountants, lawyers, or real estate agents, since their line of work is connected to conveyancing.
2 - Know your conveyor's credentials and experiences
Credentials and experiences are important factors to consider if you want to choose the best solicitor. It's essential to know their background and the past experiences they've had in conveyancing. Keep in mind that a qualified and experienced solicitor will be advantageous compared to a rookie. At the bare minimum, they should be part of the Australian Institute of Conveyancers (AIC). By making sure of this, you know that you're choosing one that's trusted and reliable.
3 - Identify how they communicate
Having good communication is a crucial factor in any transaction. That's why it's best to know how your prospect solicitor will be communicating with you. It would be ideal if they could give you a transparent, flexible, and professional service, whether it's through social communications or face-to-face transactions.
4 - Prioritise quality, not just price
There are thousands of conveyancing services out there but don't be deceived by the idea that paying less is "value for money". Unfortunately, some are just making their quotations affordable to attract more clients.
Instead, choose the best one that will give you the quality service that you deserve. Always prioritise quality. But if a conveyancing service can offer high-quality service at a cheap cost, then it's a jackpot!
Conveyancing is an intricate process overall, and since buying or selling a property is a serious financial decision, it's essential to get it right with the help of a conveyancing solicitor.
Find a solicitor that's dedicated to helping you manage your property's transfer from start to finish. Work with one who can deliver a competent service with your best interest in mind. Hopefully, the tips above can help you find one who's worthy of your trust and finances.