If you are considering buying or selling a property, it’s important to engage a conveyancing solicitor to ensure a smooth transaction. But when is the best time to do so? In this article, we’ll discuss the benefits of engaging a conveyancing solicitor and when is the ideal time to do so.
What does a Conveyancing Solicitor do in the Property Settlement Process?
A conveyancing solicitor plays a crucial role in the property settlement process. They assist buyers and sellers in the settlement process, ensuring that all legal requirements are met. Their services include:
- Preparing and lodging legal documents;
- Preparing the contract of sale;
- Arranging for the deposit to be put into a trust account (in the case of the buyer);
- Calculating taxes or rates that need to be transferred;
- Acting on your behalf during settlement;
- Contacting your bank or finance broker;
- Responding to title questions;
- Extending settlement dates, if required; and
- Other related services.
The conveyancing solicitor will ensure that the transaction runs smoothly, and all parties involved comply with the legal requirements of the property settlement process.
When is the Best Time to Engage a Conveyancing Solicitor?
Engaging a conveyancing solicitor early in the process can help ensure a comprehensive conveyancing experience from start to finish. If you have found a property you want to purchase, engaging a conveyancing solicitor before arranging a building and pest inspection is ideal.
Your conveyancing solicitor will conduct searches on the property to ensure it is unencumbered and there are no easements that may affect the property’s value. The sooner you engage a conveyancing solicitor, the more time they have to carry out these searches and identify any potential issues.
While you can engage a conveyancer or lawyer at any time, it’s essential to engage a conveyancing solicitor in Victoria when selling a property. Engaging a conveyancing solicitor at this point will ensure that all legal requirements are met and the transaction runs smoothly.
In conclusion, engaging a conveyancing solicitor is essential for a smooth and stress-free property settlement process. The earlier you engage a conveyancing solicitor, the more time they have to carry out necessary searches and identify any potential issues. If you’re considering buying or selling a property, contact Mr Conveyancer today for expert advice and assistance. Don’t risk making costly mistakes and ensure that you have a comprehensive conveyancing experience from start to finish.