4 Mistakes To Avoid With Conveyancing In Australia

Conveyancing is the process of legally transferring ownership of property from one person to another. It's the point in a real estate transaction where you sign your name on the dotted line and move into your new home.

But there are so many things that can go wrong — from simple mistakes to more serious ones — and it can be hard to know what to watch out for.

If you want to make sure that your conveyancing process goes smoothly, here are four mistakes that you should avoid:

1. Not Taking Care Of Pre-Sale Checks 

Before you sign on the dotted line for your new home, make sure you have all the paperwork and information you need in order to move forward. This includes checking for defects of title (such as unpaid taxes), obtaining copies of the title certificate, obtaining a builder's certificate, and arranging for any surveys needed. A conveyancing service can make sure that everything is in order and that you don't miss out on a great deal. 

2. Failing To Get A Mortgage Pre-Approval Letter 

You'll need this document from your bank or credit union before you start looking at homes so that you know what you're working with financially. It lets sellers know that you're serious about buying their property and ensures they won't waste time showing houses beyond your price range.

3. Not Reading The Fine Print During The Conveyancing Process

Skipping over clauses in contracts can affect your finances or rights as a homeowner after closing. Aside from skipping over clauses in purchase contracts and deeds that could affect your finances or rights as a homeowner after closing, it's also important to make sure your lawyer double-checks these documents before they are signed by both parties involved in the sale — which includes yourself as buyer, seller, lender and/or real estate agent. A conveyancer can help you navigate the fine print.

4. Not Checking The Transfer History Of The Property

It's important to check that there aren't any outstanding loans or other debts against the property before making an offer. This will give you peace of mind when handing over your deposit and help protect you from any nasty surprises after settlement. A conveyancing service can help you make sure the property is free and clear of any debt or other financial obligations. 

Conveyancing is one of the most important parts of buying or selling a property because it makes sure that all legal requirements are met and that no mistakes are made. Chat with an expert about how to make the most of your conveyancing service and what to look out for before signing on the dotted line.

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