Conveyancers in Australia: Benefits of Using These Professionals
The property market in Australia is a booming business for many. With many people looking for properties to own, the need for a certified and experienced professional to foresee the whole property transfer process, and all the paperwork is required. It is for this reason conveyancers make an impact in the Australian property market. A conveyancer is a trained professional, whose main work is to advise and provide information about a property to willing buyers. They also handle all paperwork and settlement processes required for a successful property transfer. These are more or like property attorneys, only that one does not necessarily need to be a lawyer to become a conveyancer.
Conveyancers come in handy in areas where property management and transfer are needed. Whether you are shopping for a land, property, need to update your title deed or just want to remove an easement, all you need then is a conveyancer. These professionals take all the pain of going into paperwork, handling research for you, as well as advising you on the best channel to use. Although most people do not see the need of using a conveyancer when shopping or buying property, there are many advantages of using these professionals. Some of these benefits include:
1. Preparation of legal property transfer documents: Conveyancers work hand in hand with solicitors to help make sure everything is handled according to law. Although lawyers can still offer the service, conveyancers are well equipped with information and details on specific properties, and can advise you, the buyer, on the best choice you may have. They also go ahead to prepare all the legal documents required, which include a memorandum of transfer and sale contract.
2. Check the legitimacy of property: Most buyers know very little about the person they are transacting with. This can be a major risk considering you can be swindled, or even sold a property that has been disputed upon. To safeguard you from all these, a conveyancer will go to greater depths digging for vital information on the property on sale. If any disputes have been lodged on the same, the conveyancer will inform you, and even give you a copy of the same. All this is to help safeguard you from endless disputes should you get involved in the same.
3. Rates and tax calculation, as well as property settlement: A conveyancer can also act as a property inspector, where he/she will evaluate the property on sale, then advice on its value in the market. This helps both the seller and buyer determine what rates they are willing to settle for. All this has to be put into writing, hence the reason he (the conveyancer) acts as a witness on the same.
These are just but a few of the benefits you will get from using a conveyancer in Australia. Also to all these, the transaction money is not deposited directly on the sellers account. The conveyancer puts it in a trust account for a certain period until all the paperwork and transfer process is completed. All this is to help safeguard the buyer from fraud.