Our experienced conveyancing lawyers can help you buy your home so you can focus on moving in with confidence.
What conveyancing do I need to buy a home?
Conveyancing involves transferring legal ownership of land from the seller to you. You need to do a lot of paperwork and careful planning to make sure the property settles on time and conveyancers can help you do that. Some of the work that conveyancers do includes:
- Preparing and reviewing the contract of sale and other legal documents;
- Negotiating the purchase contract on your behalf;
- Dealing with the seller’s lawyers, bank and other professionals;
- Making sure all your paperwork is completed correctly;
- Researching the property and making sure all the land titles are correct;
- Calculating any rates, taxes and other adjustments that you may need to pay to the seller;
- Helping you settle on time; and
- Making sure you receive the keys to your new home.
What to look out for when buying a home
Buying a home is probably the biggest financial decision you’ll make so you want to get it right. Once you’ve found the home of your dreams, there are some things that you need to do including:
- Negotiate the purchase contract. This includes agreeing on things like the price and settlement terms. But your negotiations should also include reviewing the section 32 statements and making sure that there aren’t issues with the property. If there are issues you may want to factor these into your negotiations. Never buy a property without first having the contract reviewed;
- Review the building requirements with the council. If you plan to renovate the property make sure the things you want to do are allowed by the local council;
- Make sure you have financing. You can get pre-approval for a home loan with your bank or financial institution or you may want to include a clause in the purchase agreement that it’s subject to finance; and
- Arrange a building inspection report. You may want to have an independent person review the building to make sure that everything is in order or identify any issues that you can discuss in negotiations.
Why MNG Lawyers
Our conveyancing lawyers understand what the fine print in your home purchase contract means and can explain it to you in plain English. They will listen to your issues and help you negotiate your agreement and make sure all the paperwork is in order so you can enjoy your property.
Frequently Asked Questions
A conveyancer can also be a lawyer but they don’t have to be. They’re licensed professionals who can give people advice about buying a property. With MNG Lawyers your file will always be overseen by one of our property lawyers.
You should engage a conveyancer as soon as you’ve found the home you want to purchase. They can then help you review and negotiate the purchase contract and give you advice on what else you may need to make sure the transaction goes through smoothly.
When a conveyancer reviews the title of your new property they’re checking for anything that may affect your ability to enjoy your home. This includes:
- Easements. These allow some people to access part of your land;
- Covenants. These may restrict what you can change about the property; and
- Caveats. These indicate if someone else has an interest in the property.