Property conveyancers will help you through the rigorous process of transferring real estate. Most people do not understand the work of conveyancers. Below is a guide with some questions that you should ask your conveyancer. Hopefully, they will give you a better understanding of the conveyancing process.
1. What Are Your Qualifications?
It will help you establish whether the conveyancer is fit for the job. Typically, ask for their academic qualifications and licencing documents. As a rule of thumb, you should go for conveyancers who have membership in professional organisations. These bodies keep their members on a leash, preventing them from professional misconduct. You should also assess the conveyancer's experience and specialisation. Positive reviews from previous clients are an assurance that you will receive quality services.
2. What Do You Think About The Property?
It is essential that you get the conveyancer's opinion about the property. Conveyancers have a berth of knowledge in real estate. As such, they can tell you whether the property is reasonably priced. Besides, the conveyancer can approximate the property appreciation in the years to come. For example, a proposed development in an area zoned for mixed-use could negatively affect property prices. Ultimately, the conveyancer's insights will ensure that you make an informed decision of whether to buy the property.
3. How Do You Protect The Client's Interests?
Once you sign the engagement contract, the conveyancer is legally bound to protect your interests as you buy the property. There are several ways that they will safeguard your interests.
The conveyancer will negotiate the property prices to ensure that you buy the property at a reasonable price. The professional will inspect the property to ensure it is compliant with the building code and does not have defects that could put your family's lives at risk. The conveyancer will ensure that everything you saw during the home visit is included in the sale. Some malicious sellers could remove the AC or some appliances. The conveyancer will ensure that the property is repaired to your satisfaction before you exchange contracts.
4. How Long Will It Take To Transfer The Property?
Most buyers would want to move into the property within the shortest possible time. However, you should be patient. The conveyancer will conduct due diligence on the property, commission an inspection and help organise your financing. These activities could take a while. Besides, most conveyancers use time as a tactic to compel the seller to reduce their asking price.
When interviewing your conveyancer, ask about their qualifications, what they think about the property, how they will protect your interests, and how long it takes to transfer the property.Share