Why is a Conveyancing Lawyer Essential?

Whether you’re a first-time homebuyer or a seasoned property investor, purchasing or selling a property in Australia requires you to go through the conveyancing process. This involves transferring the ownership of a property from one person to another, and it can be a daunting and complicated task. While you may consider handling the conveyancing process yourself, it’s highly recommended to hire a conveyancing lawyer to help you navigate the intricacies of the process. Here’s why:

Conveyancing is Complex

Conveyancing involves a lot of legal paperwork and can be a complex process. A conveyancing lawyer can help you navigate this and ensure everything is done correctly. They can provide advice on contracts, negotiate on your behalf and help you avoid any potential legal pitfalls.

If You're Buying a Property

A conveyancing lawyer can review the contract of sale and ensure everything is in order.

 

They can help you understand the terms and conditions of the contract and identify any clauses that may put you at a disadvantage.

 

They can advise you on any special conditions that may be necessary, such as a building and pest inspection or a finance clause.

If you're selling a property:

  • A conveyancing lawyer can help you prepare the contract of sale and ensure it meets all the legal requirements.
  • They can help you disclose all the necessary information about the property and ensure it is accurate and up-to-date.

Legal Protection

A conveyancing lawyer can provide legal protection to both buyers and sellers. They can identify any potential legal issues with the property, such as outstanding mortgages, unpaid taxes, or other liabilities and ensure everything is taken care of before the transaction is completed. If any legal disputes arise during the conveyancing process or after the sale, a conveyancing lawyer can represent you and protect your interests.

Save Time & Money

Hiring a conveyancing lawyer can save you time and money in the long run. They can help you avoid costly mistakes, such as missed deadlines or incorrect paperwork. They can also negotiate on your behalf to get the best deal possible. Plus, they can take care of all the legal paperwork and documentation, saving you time and hassle.

For instance, a conveyancing lawyer can help you understand the costs involved in the transaction, such as stamp duty, legal fees and search fees. They can also help you calculate the settlement figures and ensure you have enough funds to complete the transaction. They can liaise with the other parties involved in the transaction, such as real estate agents, banks and mortgage brokers, and ensure everything is done on time.

Expertise & Experience

Conveyancing lawyers have the expertise and experience to handle all aspects of the conveyancing process. They stay up-to-date with the latest legal requirements and can provide you with the best advice possible. They have a deep understanding of the local property market and can provide you with insights and advice on the buying or selling process.

At GMS Legal & Conveyancing, our qualified team has been providing conveyancing advice across the Central Coast for over 32 years. Whether you’re buying or selling a property, our knowledgeable conveyancing lawyers will walk you through the conveyancing process and provide you with the expert advice and guidance you need. Get in touch with us via our contact form, or give us a call on (02) 4397 2233 book a consultation.