Buying a new home for the first time is a major milestone for many people. There are many reasons why you may be buying a home. You may be starting your own family, or your old place might not be adequate for your improved lifestyle. Irrespective of the reason for buying a home, first-time home buyers will need all the help they can get in terms of getting the legal title to the property. At a fee, a conveyancer eases the transition of the home from the seller to you. This article highlights some key reasons first-time home buyers should hire conveyancers.
Prepare, Simplify and File Legal Documents -- A conveyancer will do the legal legwork on your behalf by drawing up all the necessary legal documents before the purchase can take place. They will prepare transfer documents to enable the change of names of the property to yours. They will also clarify the memorandum of transfer and contract of sale before the home can legally exchange hands.
Legal Advice -- A large part of seeking the services of a conveyancer is the legal advice to help you navigate this often daunting process. When buying property for the first time, the conveyancer will read the terms and conditions of the contract and offer you relevant advice. Sometimes, the property may have planning restrictions that need clarification. Also, the professional will check whether the property has the necessary swimming pool compliance documents, and the extent to which the swimming pool should be located from the property lines. The conveyancer will clarify any of these issues to allow you to make an informed decision.
Ensure That There Are No Vested Interests -- Most home buyers may jump into buying a property without verifying if local authorities have vested interest in the land that the house rests on. For instance, the land may be lying on a future transport corridor. The conveyancer is best suited to do a thorough search to make sure that no such vested interests exist.
Make Financial Arrangements -- In most instances, novice buyers may need a conveyancer to facilitate financial settlements with their respective financial institution. The expert will furnish your preferred bank with the needed title documents. Also, in future, your conveyancer may help in the preparation of mortgage agreement documents. Furthermore, if there is any pending payment to be made before the transfer of the property, such as taxes and rates, the conveyancer will ensure that you only make these settlements related to the property, and nothing more.Share