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Boost Your Knowledge of Real Estate Law Matters Real estate transactions and disputes are legal matters from start to finish. Yet, most parties involved in such matters are not experts in real estate laws. That’s why this website exists. Whether you’re looking to buy or sell real estate property, are entangled in a property dispute or simply want to learn a thing or two regarding real estate legislation, we’ve got you covered! Here, we cover a variety of real estate law topics so you can get the information you need hassle-free. We’re not a real estate law firm, but our well-researched, original pieces can increase your knowledge of how the real estate law system works. What we post on our website shouldn’t be used as a substitute for professional advice offered by real estate attorneys.



Reasons To Hire A Property Conveyancer

Most real estate investors are often undecided about the need for property conveyancers. While DIY conveyancing is plausible at times, the nature of the sale could compel you to engage a conveyancer. Below is an extensive excerpt discussing several situations that could compel you to hire a conveyancer. 

When you are Unsure About Property Laws

You might be sure about land ordinance laws in your locality. However, what happens if you plan to purchase property in another state or country? Property and development regulations vary across the various jurisdictions. Therefore, you will need an expert to acquaint you with the building code and development regulations. It prevents you from buying a property with legal issues such as illegal renovations, weak foundations, or easements. 

When Buying Property in Questionable Condition

It is usual to question the condition of an old property. For instance, you could be worried about the foundation's condition or whether the builder used dangerous materials such as asbestos during construction. Moreover, you could suspect that the property has a pest infestation. The property conveyancer commissions a building inspection to establish the property's structural condition. Usually, the conveyancer interprets the building surveyor's report and advises whether the property is a worthy bargain. For instance, suppose the property has a weak foundation; the conveyancer will assess whether you will get value for your money after underpinning the structure.  

When Dealing with a Difficult Seller

The basic assumption when purchasing property is that the seller will act in good faith. However, this is not always the case. For instance, take a case where the seller has unfriendly terms of sale. For example, they could want you to purchase the property within a few weeks. Moreover, some sellers will continue advertising the property after you sign the contract of sale. An experienced conveyancer helps level the playing field in this situation. For instance, they could include a gazumping clause that penalises the seller if they accept offers from other buyers. Besides, the conveyancer could compel the seller to provide all construction certificates and permits before the closing date. Finally, the conveyancer could negotiate the conditions of sale to ensure the seller renovates the property before you move in. 

When Buying Off-The-Plan Property 

A challenge you will experience when purchasing off-the-plan property is that you might not trust the development company. For instance, you might question the completion date or whether the company will customise the house to your tastes. A conveyancer examines the conditions of sale and the purchase agreement to ensure it protects your interests. For instance, the contract could compel the developer to return your downpayment if the property is not complete within a specified period. 

For more information about property conveyancing, contact a local professional.