If you are in the process of buying or selling a home, you will have to go through conveyancing.
This is the legal term used for the process of transferring property title ownership from one party to another.
When you are ready to start the process of conveyancing in Newcastle, you may have some questions about this subject, and whether you need a team like Warland Solicitors to help you manage the process.
This is the term used in Australia to refer to all of the administrative and legal processes which are involved with the transfer of ownership of property, including homes and land and commercial premises.
This transfer can be individual buyers and sellers or may involve Corporations or Trusts during the process.
The length of conveyancing
Once you have accepted an offer, on a Sale, or have made an offer which has been accepted, in a Purchase, (both usually negotiated through an Agent) the stage of conveyancing will begin.
Prior to this, you will need to look around for conveyancing experts like Warland Solicitors.
We can help you through the process of preparing, or reading and understanding the contract.
Once the contracts have been ratified and agreed upon, and final contracts are signed and the Deposit monies (if applicable) have been paid, exchange of Contracts can take place with a view to settlement of your sale and/or purchase.
Do I need an expert?
The cost of a conveyancing transaction (Purchase or Sale) is relatively expensive.
Our legal costs are relatively inexpensive. You may be wondering whether it is necessary to hire professional conveyancing teams, preferably with a Solicitor/Lawyer.
Solicitors are qualified to perform this type of work, but you should be looking for somebody with experience and the right sort of education to undertake this work.
Conveyancers can only do the transaction but are not legally qualified to properly advise clients on legal matters.
For this, a Solicitor will be required.
Should I do it myself?
If you decide that you want to save money on your land deal, you may decide to do it yourself.
This will save the cost of paying for your solicitor (which is actually relatively inexpensive), however, you will still have to pay for any searches that you do on the property, for stamp duty and other fees.
There are also traps along the way that a solicitor can help with, that you may not be aware of if you do it yourself.
You will also have to pay for legal documents to be drawn up which can still be expensive.
The price you pay for inexperience can also add up. So, it is unwise to do the transaction yourself.
Hire a professional solicitor
If you choose to do the conveyancing yourself, you will find that it is an expensive business that also eats into a lot of your own time.
It could also be extremely complicated if there are boundary disputes or unpaid liens on the property that need to be resolved before the final contract.
Hiring a professional conveyancing team for your property transaction is the best option, and Warland Solicitors can help you to manage the entire process affordably.
WE STRONGLY SUGGEST that you should not enter into a contract without first getting us to look through it with you and suggest amendments.