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A First Home Buyers Guide to Conveyancing

Are you in the process of buying your first home? If so, then congratulations! This can be a very exciting time, but it can also become confusing. One question that you may be asking yourself is whether you need to hire a conveyancer. In this article, we’ll provide some information on what a conveyancer does and whether you need one. Keep reading to learn more but, in short: 

YES, you do! And WHY?

1. Conveyancers are important for a smooth home buying process,

2. They can help you understand the legal process and your rights as a buyer,

4. A conveyancer will make sure that all the paperwork is in order and that the sale goes through smoothly.

So, you are looking for all the answers on Google and haven’t quite worked out who is doing what around home buying? Well, you’ve found the right article! And from our experience, there are many people similar to you, who are unfamiliar with the process of buying or selling property in Queensland. Perhaps, they are new home buyers or the duration since the purchase or sale of their last property was so long ago, they’ve forgotten. The good news is, that buying and selling property in Queensland is straightforward when dealing with your conveyancer because they will take care of everything, meaning you can spend more time packing and checking out the local cafés.

Six common mistakes that first-time property owners on the Sunshine Coast make

Buying your next home should be an exciting time in your life and not riddled with complexities. For most, it’s the largest financial purchase that you will ever make. We’ve found that many home buyers are poorly informed to avoid common complexities. We have compiled a list of common mistakes that we see homeowners making so that you can prevent making the same costly mistakes. Engaging a conveyancer who is working on your behalf will take away the stress of buying your home.

1) Not scheduling professional pest and building inspections.

2) Considering DIY conveyancing and not engaging a solicitor to handle the sale of your property.

3) Not having the correct protection clauses inserted in the contract of sale.

4) Settling without properly checking out prospective land.

5) Not knowing all requirements for different types of state law and the land you’re purchasing,

6) Dealing only through agents who are not acting on your behalf and not qualified as a conveyancer.

Please Do Not Try and Settle Your House on Your Own!

A DIY settlement can result in many errors which could land someone back where they started – with no house or missing a large chunk of their deposit.

You will need an experienced team on your side if you want to take advantage of all the benefits that arise from buying property. A good conveyancer will be able to help with title searches, ownership debt and liability, local authority searches (development applications), risks such as structural issues or strata disputes before they turn into problems for one’s finances. They can also assist in contract review after purchase, making sure that everything has been signed properly.

What other expert advice might I need alongside a Conveyancer?

If you’re feeling anxious about all the information provided or worried that you may have missed something related to the purchase of your home, consider the brief list below to make sure that the correct professionals are guiding you for a smooth transaction for your first home and beyond.

Buying my home checklist: 

  1. Find a conveyancer, someone with experience of the local area and laws,
  2. Find a Home Loan broker (see more below),
  3. Engage a professional, local pest and building inspection services
  4. Possibly consider a buyer’s agent (see below)
  5. Listen to the professional, grab a coffee and get to your local beach on the Sunshine Coast.

Brokers and buyers’ agents are always happy to give helpful advice because it is how they earn their commission. A broker gains their income from the lender and are legally obliged to work in your best interest. A buyer’s agent will be able to help you negotiate the best price for an existing build as they are experts in the industry and gain a commission from the sale but will be ruthless in their dealings. 

One of the most common pieces of good news we can deliver you with respect to your property investment is that there is no such thing as a “one size fits all” solution when it comes down to how valuable an asset has, relative to criteria such as location, condition, or age. Varied factors will apply depending on what type of deal you are looking for plus the area whether it be the Sunshine Coast, Queensland, or Australia wide.

Valuers or online tools available oddly enough can also be a good start in determining the best budget and price for new, existing, or home & land packages. Try Propertyvalue.com.au if you want to see the home you’re looking at and get a rough estimate valuation.

With all the beautiful beaches on the Sunshine Coast you need to make sure your conveyancing is done right. There are always different areas of the law to consider and risks in each state which buyers and sellers should be aware of. That’s where a good conveyancer comes in who has experience giving expert advice on how to best handle these matters so that you are protected but also gain dollar efficiency for whatever property/land transaction you need.

You don’t need to get caught out by the complexities of conveyancing. 

Make sure you’re working with a professional who will provide expert advice and proactive assistance throughout your entire settlement process, from start-to-finish!

Now that you know the importance of having a conveyancer for the purchase of your home, don’t wait any longer to contact Bush to Beach Legal on the Sunshine Coast, Queensland. We are experts when it comes to property law and transactions on the Sunshine Coast and would be more than happy to help you through every step of the buying process. Buying or selling a home can be stressful, but with our help, it doesn’t have to be. Give us a call today!

The contents of this article do not constitute legal advice, are not intended to be a substitute for legal advice and should not be relied upon as such. You should contact Bush to Beach Legal for legal advice or other professional advice in relation to any particular matters you or your organisation may have.