Planning to buy your property?

Buying or selling a property is one of the most stressful transactions people do in their lives.

When in the planning stages of buying or selling a property, part of the planning process should be to identify your conveyancing solicitor who will be assisting you through the process.

One of the most common mistakes buyers or sellers make is to sign a contract to buy or sell a property and then find their conveyancing solicitor.

Once the contract is signed… the deal is made. No room is available to negotiate on the terms and conditions of the contract.

If you identify your conveyancing solicitor before signing the contract you can do a couple of things…

  1. Have your solicitor check your contract for him or her to cater the contract to your unique circumstances
  2. Ensure the necessary special conditions are noted in the contract to suit your transaction and expectations and protect you
  3. Understand the time frames applicable to the conveyancing transaction
  4. Know what your solicitor will be charging for the transaction
  5. If buying, have an idea of the actual stamp duty implications on your proposed transaction
  6. Knowing you can call on a solicitor when things do not go to plan.

Having a healthy relationship with your conveyancing solicitor / team will make the process of buying or selling much easier, and with less stress. Entering into the client – solicitor relationship at an early stage of the proposed transaction will aid in achieving this. Depending on your solicitor, it does not necessarily mean you will have a bigger bill at the end of the day… it might actually do the opposite as you may have been able to save on making a mistake in the early stages when you thought you could have done a specific part of the transaction on your own.

The most common issue which causes stress in a conveyancing transaction is time. Understanding the time critical aspects of the transaction will make it easier to satisfy expectations. Next week we will endeavour to explain a bit more on how time is considered in a conveyancing transaction.

Related Posts

Recent Articles

Deposits in Queensland Conveyancing transactions
May 3, 2021
Insurance – where does the risk fall after signing a contract?
April 3, 2021
Stamp duty and buying a property
March 3, 2021

About Baldwins Lawyers

Baldwins Lawyers provides conveyancing services and assists with family law, estate planning and probate matters across Queensland, including Gympie, Sunshine Coast, Brisbane, Gold Coast and also across New South Wales. Gympie based Solicitors – Our aim is to provide quality legal services and quality conveyancing services at fair and realistic prices.