Читать книгу The Female Investor - Kate Hill - Страница 21

A professional and licensed conveyancer or solicitor will handle all the legalities of purchasing or selling a property for you.

Signing that contract of sale to purchase a property is really only the beginning of the process, and there's also good reason to engage with them before you sign on the dotted line. The conveyancer or solicitor will handle a range of legal matters to ensure your rights are protected and you meet all your legal obligations, so that the sale goes smoothly.

Keep in mind that the conveyancing process is different in each state in Australia, so you'll need someone who's licensed to operate in the state that you're buying in. You will need to enlist their service to help check over the contract of sale and other related contract‐associated documents before you sign them. They can also help to advise you on the right clauses and special conditions you might want to add or take out, so, that you get the best possible contract terms to suit you.

A conveyancer's job is to:

 carry out all the relevant searches required

 prepare the settlement documents

 conduct title searches (to ensure the property belongs to the seller and confirm whether any debts or liabilities exist on the property)

 run local authority searches (to check whether there are any future plans to develop the area upon which the land lies, e.g. build a motorway or develop an apartment complex)

 perform strata searches (if you're buying an apartment then you'll want to find out whether the building is running on a deficit or is able to sustain the running of the complex)

 find out many more vital pieces of information and manage all the transfer documents

 liaise with your bank or broker to ensure the property is rightfully and legally transferred to your name, or from your name if selling, on time.

A solicitor can also give you legal advice around ownership structures, which a conveyancer cannot. Check their quals before proceeding.