Choosing a conveyancer can be a difficult task especially when you just want to secure your new home; often the biggest decision you’ve ever made. Along with moving house, there may be many other things that you need to be thinking about: enrolling kids in a new school, talking to removal companies, asking your friends for help and simply packing box after box may just be a few things on your mind.
But finding a good conveyancer is important. A conveyancer will take care of the legal side of the purchase and transfer of ownership of your house. In some cases, your real estate agent may recommend a conveyancing company, but it’s always a good idea to spend some time finding out more about the conveyancers available to you to make sure you’re happy with their quality of service. Although it doesn’t happen regularly, when the purchase of a house goes wrong, having a good conveyancer will save you stress, time and money.
Below, we have compiled some tips to help avoid problems and choose the best conveyancer for your needs.
Choosing Your Conveyancer
1/ Look before you buy
Don’t just accept the recommendation of your real estate agent. Do your own research, find out what the conveyancing company will do for you and how much they’ll cost. When you get a quote, make sure you know exactly what you’ll get for the price.
2/ Cheap isn’t always better
It’s common to think conveyancing is a quick, simple transaction, and simply choose the cheapest option. The old adage is true: cheaper is not always best. Buying a house will be one of the biggest financial decisions you will make, and it’s a good idea to choose someone you trust will do a good job. It’s a good idea to get a number of quotes, but don’t be consumed by getting the cheapest one.
3/ Keep in contact
Make sure you stay in contact with your conveyancer. There are any number of unforeseen circumstances that can affect the transaction, so make sure your conveyancer can contact you. Dragging out a transaction unnecessarily because you aren’t contactable could make your fees higher overall. Communication is key in these complex transactions.
4/ Pick and choose advice
Usually, parents are friends give very good advice for when you are participating in the house-buying process. If they have been through the process before, they hold the perspective of any other buyer. However, following advice from real estate agents may lead you down the wrong path. Unfortunately, their recommended lawyer may be working on their behalf or may have another agenda. Remember that you don’t have to give into pressure from the agent – you have the freedom to choose any conveyancing company you choose.
5/ Ask questions
Always remember that your lawyer is there to help you understand the legalities of buying a home. If you are confused about something or have any questions, don’t hesitate to ask. It can be difficult to understand the conveyancing process, so don’t be afraid to ask questions. A good lawyer will be able to answer them and ensure you understand the process and the documents you’re signing.
6/ Understand what you’re buying
Make sure you understand exactly what you’re buying. A title search will show you the real property description shown as a lot on plan, which is the legal description of the land. A good conveyancer will make sure that these details are correct. Make sure you also understand if there are any registered easement, encumbrances and interests on the property which may affect your future ownership of the property.
7/ Ask for searches
It is the conveyancer’s job to conduct searches on the property. The conveyancer may conduct searches that relate to whether water is connected to the property, or if there will be a large development commencing construction next door. Some of the common searches undertaken in Queensland include:
- Property valuations and sales information
- Contaminated land searches and land tax certificates
- Telco cable searches
- Queensland Civil and Administrative Tribunal (QCAT) Register of Proceedings search – neighbourhood disputes (tree and fence)
- Department of Transport and Main Roads property searches
- Energex, Ergon and Powerlink property searches
- National land titles searches (including mortgage, caveat, easement and plan information)
- National property settlement services (including settlement attendance, stamping, registration of documents, eConveyancing via PEXA).
We always recommend that you researcher conveyancing companies carefully as you make one of the biggest financial decisions of your life. If you have any more questions in regard to conveyancing, feel free to contact us today.