Do I need conveyancing services at all? If yes, why? Can I do it myself? Are these among the few questions which go through your head after you have chosen your dream home/dream investment?
In the order they appeared, the answer to the three questions are Yes, Dozens of reasons, No. Let me elaborate on this a little. May be, just maybe that by the time I end, you will have turned into a staunch loyalist of conveyancing.
Legal intricacies aplenty
Property deals are infested with legalities of pretty high order. If you think you can understand all the nuances of the game, think again. There is no doubting your intelligence and a kit is available for you if you want to conduct conveyancing yourself but may be you will find the legal intricacies a wee bit too much for your comfort.
This, to the best of my mind, is the answer to the third question “Can I do it myself (refer to the first line)?”
You surely need conveyancing services
Let me try and attack the second question now. Yes, you need conveyancing services and there are reasons aplenty why I am inclined to feel this way. As a licensed conveyancer, I know the complexity involved in the process. For you, the interval between choosing a home and fetching its keys may be a time largely spent in daydreaming but what transpires in the interim period is nothing short of a legal maze. I will try to make this simpler for you.
A wide repertoire of property-relevant data
In roughly a month (add a fortnight may be), a conveyancer has to do enough to gather relevant data. Such data may include, but is certainly not restricted to, title searches, legal documentation, learning about restrictions (in the shape of encumbrances and easements) on the property, and arrangement of relevant fees.
Title searches
Any of the above can be easily compromised by a novice or an incompetent professional. Take title search for example. The conveyancer needs to gather a wide range of information here. Such information may include learning about the saleable interest of the seller in that particular property, any easements running through the property and liens (if any) which can effectively increase the its purchase cost.
Easements
Mr. Peter Griffith (name is fictional), my colleague of yesteryears, once told me how he felt on learning about an egress easement on his property a month after buying it. He contacted the local authority only to be told that he could not construct over the easement as it was meant to be the fire safety exit for his neighbouring landowner. Flabbergasting fact he had to contend with too late in the day; all because there was no conveyancer to tell about it in the beginning.
Settlement date
I say all this so that you better grasp why conveyancing services is so integral to the purchase of a property. If you still feel the need of being convinced, think about the various protocols regarding the settlement date wherein hectic two-way exchanges between conveyancers and banks occur.
All this certainly is no child’s play. What do you now say?
If you are looking to purchase your home and are thinking about the transference of its legal rights, you can give us a buzz.
(02) 9555 1350


