As you may already know, buying and selling property is not as easy as most people think. You don’t just exchange ownership contracts and pay a lump sum of money – there’s so much more that has to be taken into consideration!
On top of that, even if you have bought one or two properties in the past, you still cannot say that you know exactly how the market works. You don’t know all its inner and most intricate workings.
In this respect, it sis always a smart move to hire a conveyancer to help you with advice, information, documents, and go through the settlement process.
A conveyancer is a licensed professional that knows real estate law. The process of conveyancing implies the legal process of selling and buying land. The conveyancer is that person who understands perfectly the laws referring to property sales.
As a matter of fact, there are states that recommend you hire a conveyancer as soon as possible. Moreover, in Victoria, New South Wales, and Tasmania, you are required to engage in conveyancing before you put a house on the property market.
A conveyancer can do quite some things for you, saving you time and probably money as well. For example, they can:
1. Prepare and/or clarify certain documentation required for the purchase of the property.
2. Research the Contract of Sale and make sure there is nothing that will negatively affect you.
3. Assist with ordering pest/building inspection reports.
4. Research the property itself, as well as its certificate of title.
5. Check for easements or for any other information that you may need or require.
6. Place your deposit into a trust account.
7. Calculate the required taxes and rates.
8. Conduct/Coordinate a property settlement.
9. Represent your interests in conversations with vendors or real estate agents responsible for the sale of the property that you want to buy.
10. Assist your mortgage and finance broker with settlement.
Obviously, these are the most common services that a conveyancer can offer you. In short, they can help you with any aspects related to the purchase or sale of a property.
On top of that, even though you can do the conveyancing on your own, keep in mind that you can be held liable for any oversights and mistakes that you make.
For example, a conveyancer knows that deceased estates are ruled by other regulations than usual – you may not know that and have to face certain consequences later. Moreover, each territory and state come with different requirements in terms of conveyancing.
Depending on the level of service you require, this can be anywhere between $500 – $2,000. Even though conveyancer fees can differ –– their services are worth the money. The fact that they will be held liable for any mistakes ensures you that they’ll do a good job and have your best interest as a priority.
When it comes to benefits, you can see conveyancers as those overseeing the whole process implied by the purchase of a property. Naturally, you could oversee it yourself, but it is much better to have someone who understands the law by your side and authorised to coordinate settlement with your bank.
Need a Conveyancer? Here at Highline Lending, we have relationships with some of the best conveyancers who share the same high levels of service, perfection and results. We’d be more than happy to put you in touch with them ensuring your property transaction is a smooth process.
If you are yet to purchase a home and only need a home loan to do so, maybe our team can help you! We feature a team of experts ready to guide you through the process of finding the best possible loan for you.
Reach out and contact us today – we’re more than happy to help you!
Contact us on 02 8530 1107 or submit your scenario online
We meet for a consultation, obtain your supporting documents and proceed to structure and package your application for approval knowing exactly what the banks want to see. We also monitor your home loan post approval ensuring you’re home loan suits you and your financial position
We get paid a commission from our lenders as a result of introducing your business to them. Subsequently, our service is at no cost to you. Our commission does not affect your interest rate whatsoever, if anything, we’re in a position to get you a lower interest rate than the general public due to our relationships with our banks
With our many years experience in the industry, we’ve been exposed to both easy and complex loan scenarios. Each loan we process gets presented to over sixty financial institutions, ensuring we have explored all options possible and are able to provide a solution
Whether you’re a first home buyer looking at entering the market or an existing home owner looking at ways to save money on your home loan, we have you covered. We’ve put hundreds of hours of research into these guides to ensure you end up ahead, and it’s completely on the house.
Before buying or selling a house, you have to know the value it has on the current market. Naturally, you could value your property yourself – but you may take more things into account when doing so, such as emotional value. Thus, you can come up with a higher value.
Buying a home or a property may imply a deposit. You may come across home loans that require no deposit at all, but their approval criteria are known to be tough.
Therefore, you are left with only one thing to do – namely, to save a deposit so that you will be able to purchase a home or a property.
Getting a home loan is itself a difficult thing to do, depending on certain circumstances. However, getting a home loan with a bad credit rating is probably the most difficult thing you’ll have to get through when trying to settle yourself in a new house.
If you own property and are relying on your savings to buy a property, then we advise you to stop right now and keep on reading – especially if you didn’t take equity into account.
As you gain equity in your home, you can use it in order to build your property portfolio without having to save money. In short, it is a smart way that you can rely on to buy an investment property and through which you can avoid endangering your financial situation.
When you apply for a home loan, the lack of a pre-approval may make you miss out on securing a home. While you will be out there, securing your mortgage with your lender, someone else – with a pre-approved home loan – can basically snatch your dream house from you.
The odds are that you’ve stumbled across the term lender’s mortgage insurance and you’re wondering what it stands for. Well, you’ve come to the right place. This article will clarify this term, so that you can understand what it is, the concept behind it and the approximate costs. Let’s get started!
What you need to know before you purchase your first property and how to fast track it. We have designed this guide to get you up to date with everything you need to know about being a first home buyer. Whether you have a short term goal of purchasing your first property or are thinking about it sometime later down the track, this guide will cover important essential aspects of this exciting journey.
What the banks won’t tell you and how to save serious money on your home loan. By Investing 10 minutes of your time to read through our guide, not only will you learn the tips and tricks the banks won’t always tell you to assist you with paying off your home loan sooner, but also gain an insight into some techniques that will allow you to minimise the interest you pay to the bank.
The best way to take control of your finances is to use a budget planner. This is a simple tool that helps you understand the money going in and out of your household. With our Highline Lending Budget Planner, we’ve got you covered. This handy tool allows you to log and track your goals, track your savings, track your debt and expenses and keep a monthly record for an end of year evaluation.
