Buying a home is undoubtedly one of the biggest decisions of your life. Since it involves the legal aspect as well, you need to take care of it properly to ensure that your huge investment of money and time doesn’t go wasted. That’s where the conveyancer comes to play its role.
Here are a few ways mentioned by which a conveyancer can help you purchase a home.
- Sale Contract
Once you have decided to buy a particular property, you would require the conveyancer to help you seal the deal by taking care of the legal aspects. If you luckily have a good and reliable conveyancer, he would handle all of your legal documents by making a sale contract and exchanging it with the seller. He would then help you review the sale contract to make you understand its terms and conditions properly.
- Home Inspection
After that, he would inspect the property by carrying out the background and certificates check during the settlement period of the contract.
He will also make the necessary adjustments during the settlement period by taking land tax, water rates, council, and other additional fees into account. He would also complete the documents for the property and land transfer.
- Transfer Amount
A conveyancer would also give you a final written amount before the settlement date to make sure that you proceed further with the home buying process. He would also be responsible to be in contact with the bank to arrange the amount in the specified time period.
- Settlement Day
On the settlement day, your conveyancer would present stamp duty forms, mortgage files, transfer documents, and other important legal documents to the representative of the vendor on your behalf.
It is the most important step which is followed by the conveyancer properly as he sends the proceeds of the sale to the conveyancer of the seller who is then bound to release the keys to you. It helps ensure that you finally gets the keys for your new home.
After the settlement, the conveyancer is supposed to submit the transfer documents to the land registry office to make you get the ownership of the property legally and officially.
- Payment Transfers
The conveyancer also makes sure that you have released the final payments to the seller by the bank transfer at the completion date.
- After Completion
After the completion date, the conveyancer pays the land tax on your behalf and sends your transfer documents back to you in 15-20 days. In case of loans, he would also send the copy of title deeds to the lender as a guarantee of the return on time.
As now you have understood the exact purpose of a conveyancer, it is your responsibility to make sure that you hire any of the reliable and renowned conveyancers like My Key Conveyancing that ensures that your buying process comes to an end without any legal complication or hassle.
March 15, 2019