Questions to Ask your Conveyancer
Buying a home or business can be one of the biggest purchases of your life, so trusting a professional for your investment is important. It is vital that the conveyancer you select is up to date with the current law. Any small error can potentially have a large impact on both your outcome and fees. It helps to ask the right questions to ensure that you’re with a professional who is looking out for your best interests.
Here are two questions to ask your conveyancer before signing:
How much does your conveyancing services cost?
The cost of conveyancing services plays a pivotal role in your decision-making process. You will need to be able to budget, so don’t be afraid to ask this question up-front.
Your conveyancer’s quote may include their professional fees, search fees, and other disbursements fees like registration fees and stamp duty charges. Aside from asking for the breakdown of costs, make sure you know which services incur extra fees. We all know legal advice doesn’t come cheap, but buyers and sellers can avoid unexpected and excessive costs by choosing a conveyancer who offers a comprehensive service without hidden fees.
Hatzis Lawyers offers a free perusal of the REIQ contract BEFORE you sign as part of our service.
Is it in the contract?
Make sure you know what you are buying or selling. Having your contract reviewed by an experienced conveyancer or solicitor allows for any important corrections to be made before you sign. The conveyancer will then advise you on any further amendments or special conditions to protect you and your potential asset.
Along with protecting your assets, don’t make assumptions about what will remain in the property following settlement. To ensure you’re buying exactly what you expect to buy, discuss your expectations and clarify what has been included or omitted from the contract of sale.
For example, the property you are considering has a television fixed to the wall. While the bracket is on the wall, the television is not so you can’t keep the TV – unless otherwise specified in the contract.
When buying off-the-plan, ensure that you double check the schedule of fixtures and finishes in your contract. That said, keep in mind that artist’s impressions and marketing material of your yet-to-be-built property is just for show.
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